Foreign

1998

1999

1998

1999

Currency

Nov. 13

Nov. 8

Nov. 9+

Nov. 10+

Nov. 11

Nov. 12

Nov. 13

Nov. 8

Nov. 9+

Nov.10+

Nov. 11

Nov. 12

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@

42.3200

43.4100

43.4000

43.4000

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.3150

43.4100

43.3950

43.3900

2.3629

2.3036

2.3041

2.3041

Dollar

Selling

42.3250

43.4200

43.4050

43.4000

Pound

{ Buying

70.2775

70.4750

70.5775

70.3050

1.4225

1.4198

1.4164

1.4218

Sterling

Selling

70.3350

70.5150

70.6275

70.3650

Euro

{ Buying

50.4400 $

45.3425

45.2650

45.1225

1.9798 $

2.2076

2.2086

2.2150

Selling

50.5800 $

45.3650

45.3050

45.1525

100 Yen

{ Buying

34.7700

40.8875

41.2575

41.3675

287.22

244.61

242.22

241.57

Selling

34.8075

40.9225

41.3000

41.4075

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

1-month

3.69

4.15

3.87

3.87

3-month

5.86

4.70

4.52

4.52

6-month

7.14

4.93

4.75

4.79

@ : 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.

+ : Market closed.

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.