Foreign

1998

1999

1998

1999

Currency

Jul. 24

Jul. 19

Jul. 20

Jul. 21

Jul. 22

Jul. 23

Jul. 24

Jul. 19

Jul. 20

Jul. 21

Jul. 22

Jul. 23

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@

42.5300

43.2200

43.2000

43.2600

43.2600

43.2600

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5200

43.2150

43.1900

43.2500

43.2500

43.2550

2.3513

2.3127

2.3148

2.3116

2.3116

2.3116

Dollar

Selling

42.5400

43.2250

43.2000

43.2600

43.2600

43.2650

Pound

{ Buying

70.1750

67.2950

68.1075

68.0150

68.1625

68.3700

1.4246

1.4849

1.4676

1.4707

1.4661

1.4614

Sterling

Selling

70.2500

67.3525

68.1525

68.0425

68.2200

68.4275

Euro

{ Buying

50.4400 $

43.7950

44.4975

45.0800

45.4000

45.4525

1.9798 $

2.2797

2.2463

2.2124

2.2015

2.1996

Selling

50.5800 $

43.8350

44.5225

45.1125

45.4450

45.4725

100 Yen

{ Buying

30.0825

35.8900

36.5150

36.4050

36.4650

36.9100

332.41

278.37

273.66

274.62

274.16

270.69

Selling

30.1175

35.9125

36.5550

36.4225

36.5025

36.9350

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

1-month

4.51

3.89

3.89

3.61

3.88

3.61

3-month

6.40

3.98

4.07

3.98

3.98

3.88

6-month

7.62

4.30

4.26

4.30

4.25

4.25

@ :

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rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.