6. Foreign Exchange Rates - Spot and Forward Premia

RbiAnnouncementWeb

ਤਾਰੀਖ: ਅਕਤੂਬਰ 31, 1998


*Foreign*		1997			1998			1997			1998
*Currency*		Oct. 24	Oct. 19+	Oct. 20	Oct. 21+	Oct. 22+	Oct. 23	Oct. 24*	Oct. 19+	Oct . 20	Oct . 21+	Oct. 22+	Oct. 23

1	2	3	4	5	6	7	8	9	10	11	12	13	14

		RBI's Reference Rate (Rs. per U.S. Dollar)						Foreign Currency per Rs. 100@
		36.2600		42.3000			42.2900	(Based on Middle Rates)
		FEDAI Indicative Rates (Rs. per Foreign Currency)
U.S.	Buying	36.2500		42.3000			42.2850	2.7582		2.3641			2.3646
Dollar	Selling	36.2600		42.3100			42.2950

Pound	Buying	59.0800		71.5800			71.5850	1.6918		1.3969			1.3953
Sterling	Selling	59.1375		71.6400			71.6275

Deutsche	Buying	20.4325		25.8625			25.7750	4.8927		3.8661			3.8786
Mark	Selling	20.4450		25.8725			25.7875

100 Yen	Buying	29.7750		36.7125			35.6675	335.67		272.46			280.81
	Selling	29.8075		36.7375			35.6925

	Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)
1-month		5.30		5.11			5.11
3-month		5.96		6.71			6.72
6-month		5.96		7.75			7.76

Note	:	The unified exchange rate system came into force on March 1, 1993.
@	:	These rates are based on RBI Reference rate for US dollar and middle rates of cross-currency quotes. These rates are announced by RBI with effect from January 29, 1998.
*	:	These rates are based on Foreign Exchange Dealers' Association of India (FEDAI) indicative rates (middle rates).