Foreign

1998

1999

1998

1999

Currency

Dec. 4

Nov. 29

Nov. 30

Dec. 1

Dec. 2

Dec. 3

Dec. 4

Nov. 29

Nov. 30

Dec. 1

Dec. 2

Dec. 3

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@

42.5400

43.4000

43.4100

43.4100

43.4100

43.4000

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5350

43.3950

43.4050

43.4000

43.4000

43.4000

2.3507

2.3041

2.3036

2.3036

2.3036

2.3041

Dollar

Selling

42.5450

43.4050

43.4150

43.4100

43.4100

43.4100

Pound

{ Buying

70.9100

69.7050

69.5700

69.2975

69.4525

69.3800

1.4099

1.4341

1.4368

1.4425

1.4389

1.4411

Sterling

Selling

70.9475

69.7550

69.6075

69.3350

69.4900

69.4075

Euro

{ Buying

50.4400 $

44.1425

43.8400

43.8000

43.6875

43.4525

1.9798 $

2.2651

2.2817

2.2827

2.2882

2.3014

Selling

50.5800 $

44.1725

43.8925

43.8300

43.7400

43.4700

100 Yen

{ Buying

35.8650

41.9600

42.3575

42.4875

42.2925

42.3550

278.56

238.16

236.58

235.21

235.24

236.03

Selling

35.9025

42.0025

42.4100

42.5375

42.3300

42.3925

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

1-month

4.80

3.32

3.32

3.18

3.04

2.76

3-month

6.11

4.33

4.24

3.96

3.87

3.59

6-month

7.57

4.61

4.56

4.38

4.15

4.01

@ :

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 as on January 4, 1999.

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

2. With the introduction of Euro effective January 1, 1999, the buying and selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.