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6. Foreign Exchange Rates - Spot and Forward Premia
82023973

6. Foreign Exchange Rates - Spot and Forward Premia

Foreign

   

2003

   

2004

   

2003

   

2004

   

Currency

   

Mar. 14+

Mar. 8

Mar. 9

Mar. 10

Mar. 11

Mar. 12

Mar. 14+

Mar. 8

Mar. 9

Mar. 10

Mar. 11

Mar. 12

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

     

45.2500

45.2100

45.2300

45.2500

45.2700

 

(Based on Middle Rates)

 

Euro

     

56.0400

56.2700

55.6400

55.2600

55.5200

           
     

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{

Buying

45.2450

45.2100

45.2200

45.2450

45.2600

 

2.2099

2.2119

2.2109

2.2099

2.2090

Dollar

Selling

45.2550

45.2200

45.2300

45.2550

45.2700

           

Pound

{

Buying

83.6025

83.9100

82.5950

81.5050

81.2325

 

1.1956

1.1917

1.2104

1.2268

1.2305

Sterling

Selling

83.6450

83.9500

82.6350

81.5450

81.2725

           

Euro

{

Buying

56.0125

56.2725

55.6350

55.2250

55.5025

 

1.7844

1.7771

1.7973

1.8096

1.8012

 

Selling

56.0475

56.3075

55.6600

55.2600

55.5375

           

100 Yen

{

Buying

40.3475

40.6125

40.6000

40.8500

40.7050

 

247.79

246.15

246.24

244.61

245.56

 

Selling

40.3750

40.6500

40.6275

40.8625

40.7325

           
   

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

1-month

 

0.35

0.61

0.64

0.66

0.53

 

3-month

 

0.30

0.42

0.45

0.44

0.39

 

6-month

 

0.33

0.39

0.40

0.38

0.37

 

@ : 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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