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6. Foreign Exchange Rates - Spot and Forward Premia
82014907

6. Foreign Exchange Rates - Spot and Forward Premia

       

     

Foreign

   

2003

   

2004

   

2003

   

2004

   

Currency

Feb. 7

Feb. 2+

Feb. 3

Feb. 4

Feb. 5

Feb. 6

Feb. 7

Feb. 2+

Feb. 3

Feb. 4

Feb. 5

Feb. 6

1

2

3

4

5

6

7

8

9

10

11

12

13

14

     

RBI's Reference Rate (Rs. per Foreign Currency)

   

Foreign Currency per Rs. 100@

U.S. Dollar

 

47.7200

 

45.3000

45.3100

45.2700

45.2800

 

(Based on Middle Rates)

Euro

   

51.5900

 

56.4700

56.8400

56.7400

56.7900

           
     

FEDAI Indicative Rates (Rs. per Foreign Currency)

             

U.S.

{Buying

47.7150

 

45.2900

45.3050

45.2650

45.2650

2.0956

 

2.2075

2.2070

2.2090

2.2085

Dollar

 

Selling

47.7250

 

45.3000

45.3150

45.2750

45.2750

           

Pound

{Buying

77.8950

 

82.5400

83.2200

82.8750

82.9850

1.2822

 

1.2111

1.2007

1.2063

1.2047

Sterling

 

Selling

77.9350

 

82.5825

83.2850

82.9175

83.0150

           

Euro

 

Buying

51.5325

 

56.4625

56.8225

56.7250

56.7525

1.9384

 

1.7709

1.7593

1.7624

1.7609

 

{Selling

51.5675

 

56.4975

56.8575

56.7625

56.7875

           

100 Yen

 

Buying

39.7750

 

42.8875

42.9725

42.9000

42.6300

251.19

 

232.97

232.62

232.99

234.38

 

{Selling

39.8000

 

42.9250

42.9925

42.9300

42.6525

           
 

Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)

             

1-month

   

3.02

 

1.44

1.35

1.46

0.95

           

3-month

   

3.44

 

1.14

1.08

1.15

0.90

           

6-month

   

3.48

 

0.84

0.90

1.02

0.77

           

@

:

These rates are based on RBI Reference rate for US dollar, Euro and middle rates of cross-currency quotes. These rates are

   

announced by RBI with effect from January 29, 1998.

             

+

:

Market closed.

                     

Notes

:

1.

The unified exchange rate system came into force on March 1, 1993.

           
   

2.

Euro Reference rate was announced by RBI with effect from January 1, 2002.

         


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