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16c. Turnover in Foreign Exchange Market
81858402

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                        
Nov. 30, 1998 293   77   117 30   46   51 634 587   74 313 89 28
Dec. 1, 1998 217   38   42 49   28   23 451 545   117 540 93 42
Dec. 2, 1998 218   42 33 8 42   21 423 700 115    460 101 28
Dec. 3, 1998 226   43   23 23 84   65 402 513   74 793 140 33
Dec. 4, 1998 207   58 27 14   47   43 401 415   28 468 107 33
                         
Sales                        
Nov. 30, 1998 320 216   75 11   44 50 551 612   103 312 92 28
Dec. 1, 1998 243 118   18 16   25   22 482 493   146 546 98 41
Dec. 2, 1998 224 57   13 4   38 20 437 650 114    468 126 29
Dec. 3, 1998 257 76   20 14   75 68 372 444 67 773 140 34
Dec. 4, 1998 232 64   8 2   46 41 407 411   38 477 98 33

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

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