6. Foreign Exchange Rates - Spot and Forward Premia

RbiAnnouncementWeb

ਤਾਰੀਖ: ਦਸੰਬਰ 19, 1998


*Foreign*		1997			1998			1997			1998
*Currency*		Dec. 12	Dec. 7	Dec. 8	Dec. 9	Dec. 10	Dec. 11	Dec. 12*	Dec. 7	Dec. 8	Dec. 9	Dec. 10	Dec. 11

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@
		39.7300	42.5700	42.5900	42.5800	42.5800	42.5900	(Based on Middle Rates)
		FEDAI Indicative Rates (Rs. per Foreign Currency)
U.S.	Buying	39.7200	42.5550	42.5800	42.5750	42.5750	42.5900	2.5170	2.3491	2.3480	2.3485	2.3485	2.3480
Dollar	Selling	39.7400	42.5650	42.5900	42.5850	42.5850	42.6000

Pound	Buying	65.7950	70.5975	70.2100	70.5050	70.5350	71.1250	1.5190	1.4157	1.4238	1.4179	1.4169	1.4042
Sterling	Selling	65.8700	70.6575	70.2700	70.5500	70.5925	71.1850

Deutsche	Buying	22.5075	25.3600	25.3450	25.5175	25.5625	25.8125	4.4412	3.9397	3.9427	3.9177	3.9099	3.8753
Mark	Selling	22.5250	25.3825	25.3600	25.5300	25.5775	25.8350

100 Yen	Buying	30.5700	35.7875	35.3800	35.8275	35.2225	36.3975	326.97	279.25	282.23	278.92	275.87	274.88
	Selling	30.5975	35.8100	35.4175	35.8675	35.2450	36.4225

	Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)
1-month		11.78	4.79	4.51	4.79	4.79	4.79
3-month		10.87	6.11	6.01	6.11	6.20	6.10
6-month		9.82	7.56	7.51	7.52	7.52	7.51

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).