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6. Foreign Exchange Rates - Spot and Forward Premia
82015055

6. Foreign Exchange Rates - Spot and Forward Premia

Foreign

   

2003

   

2004

   

2003

   

2004

   

Currency

   

Apr. 10

Apr. 5

Apr. 6

Apr. 7

Apr. 8

Apr. 9+

Apr. 10

Apr. 5

Apr. 6

Apr. 7

Apr. 8

Apr. 9+

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

   

47.4100

43.6700

43.7800

43.5600

43.6200

   

(Based on Middle Rates)

 

Euro

   

51.1500

52.7800

52.6100

52.5300

53.1900

             
     

FEDAI Indicative Rates (Rs. per Foreign Currency)

             

U.S.

{

Buying

47.3950

43.6600

43.7600

43.5600

43.6100

 

2.1093

2.2899

2.2841

2.2957

2.2925

 

Dollar

Selling

47.4050

43.6700

43.7700

43.5700

43.6200

 

 

Pound

{

Buying

74.1675

79.7375

79.7450

79.9325

80.4175

 

1.3482

1.2545

1.2534

1.2505

1.2431

 

Sterling

Selling

74.2075

79.7775

79.7800

79.9725

80.4575

 

 

Euro

{

Buying

51.0775

52.7850

52.6300

52.5150

53.1550

 

1.9550

1.8947

1.9008

1.9037

1.8801

 
 

Selling

51.1075

52.8100

52.6600

52.5500

53.1900

 

 

100 Yen

{

Buying

39.5225

41.6475

41.1050

41.1675

41.2500

 

252.89

240.15

243.23

242.91

242.19

 
 

Selling

39.5575

41.6900

41.1375

41.1975

41.2800

 

 

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

1-month

   

2.02

1.54

1.18

1.65

1.22

             

3-month

   

2.36

0.76

0.59

0.93

0.61

             

6-month

   

2.45

0.56

0.44

0.62

0.46

             


@ : 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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