Foreign

1998

1999

1998

1999

Currency

Nov. 20

Nov. 15

Nov. 16

Nov. 17

Nov. 18

Nov. 19

Nov. 20

Nov. 15

Nov. 16

Nov.17

Nov. 18

Nov. 19

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 @

42.4000

43.3900

43.3800

43.4000

43.3900

43.3900

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.3950

43.3850

43.3700

43.4000

43.3850

43.3750

2.3585

2.3047

2.3052

2.3041

2.3047

2.3047

Dollar

Selling

42.4050

43.3950

43.3800

43.4100

43.3950

43.3850

Pound

{ Buying

70.5125

70.1025

70.4025

70.2375

70.4575

70.1675

1.4178

1.4264

1.4199

1.4235

1.4188

1.4245

Sterling

Selling

70.5700

70.1400

70.4400

70.2775

70.4950

70.2050

Euro

{ Buying

50.4400 $

44.8125

44.8275

44.8100

45.1150

44.7275

1.9798 $

2.2305

2.2297

2.2324

2.2151

2.2358

Selling

50.5800 $ 44.8350

44.8600

44.8425

45.1475

44.7700

100 Yen

{ Buying

35.5375

41.3625

41.2625

41.0050

40.9950

40.9575

282.08

241.47

242.22

243.96

243.79

243.99

Selling

35.5750

41.4000

41.2975

41.0275

41.0425

40.9950

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

1-month

4.25

3.87

3.60

3.87

3.87

4.15

3-month

6.13

4.61

4.52

4.61

4.61

4.70

6-month

7.41

4.84

4.79

4.75

4.79

4.84

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) nd Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.