Foreign

1998

1999

1998

1999

Currency

Aug. 7

Aug. 2

Aug. 3

Aug. 4

Aug. 5

Aug. 6

Aug. 7

Aug. 2

Aug. 3

Aug. 4

Aug. 5

Aug. 6

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@

42.5500

43.3200

43.3800

43.3600

43.4000

43.4500

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5400

43.3150

43.3700

43.3600

43.3700

43.4400

2.3502

2.3084

2.3052

2.3063

2.3041

2.3015

Dollar

Selling

42.5600

43.3250

43.3800

43.3700

43.3800

43.4500

Pound

{ Buying

69.4975

69.9525

70.0425

70.3900

70.0600

70.1525

1.4384

1.4285

1.4265

1.4204

1.4259

1.4250

Sterling

Selling

69.5775

70.0125

70.1025

70.4500

70.1200

70.1900

Euro

{ Buying

50.4400 $

46.2000

46.1750

46.6075

46.6400

46.6775

1.9798 $

1.1647

2.1647

2.1441

2.1419

2.1428

Selling

50.5800 $

46.2400

46.2050

46.6625

46.6600

46.7050

100 Yen

{ Buying

29.3600

37.8550

37.5150

37.6475

37.8025

37.9500

340.73

264.01

266.30

265.49

264.32

263.46

Selling

29.3850

37.8950

37.5550

37.6875

37.8400

37.9750

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

1-month

3.95

3.60

3.87

3.87

3.87

4.14

3-month

5.83

4.06

4.15

4.15

4.15

4.33

6-month

7.47

4.34

4.43

4.47

4.47

4.56

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.