Foreign

1998

1999

1998

1999

Currency

Dec. 24

Dec. 20

Dec. 21

Dec. 22

Dec. 23

Dec. 24

Dec. 24

Dec. 20

Dec. 21

Dec. 22

Dec. 23

Dec. 24

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

43.4900

43.5000

43.5000

43.5200

43.5100

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5350

43.4850

43.4900

43.5000

43.5150

43.5000

2.3507

2.2994

2.2989

2.2989

2.2978

2.2983

Dollar

Selling

42.5450

43.4950

43.5000

43.5100

43.5250

43.5100

Pound

{ Buying

71.1825

69.8575

70.1050

70.1350

69.9775

70.2750

1.4042

1.4310

1.4258

1.4258

1.4280

1.4225

Sterling

Selling

71.2425

69.8975

70.1575

70.1725

70.0150

70.3025

Euro

{ Buying

50.4400

$ 43.8975

44.0425

43.8650

43.8725

44.0400

1.9798 $

2.2771

2.2699

2.2765

2.2753

2.2698

Selling

50.5800

$ 43.9300

44.0750

43.8675

43.9250

44.0725

100 Yen

{ Buying

36.5650

42.1975

42.4175

42.6250

42.8725

42.2775

273.33

236.84

235.59

234.41

233.10

236.30

Selling

36.5875

42.2400

42.4600

42.6650

42.9250

42.3300

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

1-month

5.36

3.86

3.86

3.86

3.58

3.31

3-month

6.11

3.95

4.05

4.05

3.95

3.77

6-month

7.38

4.14

4.09

4.14

4.09

3.95

@ : 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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.