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16c. Turnover in Foreign Exchange Market
82652171

16c. Turnover in Foreign Exchange Market

                      (US$ Million)

  Merchant
Inter-bank
  FCY/INR
FCY/FCY
FCY/INR
FCY/FCY
  Spot Forward Forward Spot Forward Forward Spot Swap Forward Spot Swap Forward
      Cancel-     Cancel-            
Position Date     lation     lation            

1 2 3 4 5 6 7 8 9 10 11 12 13

Purchases                        
Oct. 19, 1998+                    
Oct. 20, 1998 266   61     32   35    127 130 324 489 101   765 226  51
Oct. 21, 1998+                
Oct.&nbsp22, 1998+              
Oct.&nbsp23, 1998 270   79    59   65   206   99 546 791  90 913 359 85
                         
Sales                        
Oct. 19, 1998+            
Oct. 20, 1998 315   86   13 30   126 149 277 407 107   801 238 48
Oct.&nbsp21, 1998+               
Oct. 22, 1998+      
Oct. 23, 1998 293   86   27 41   175 104 487 744 85 899 366 72

FCY : Foreign Currency                        INR : Indian Rupees.               + : Market closed.
Note : Data relate to sales and purchases of foreign exchange on account of merchant and inter-bank transactions.

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