19. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: November 23, 2002


(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.	21, 2002		263	64	8	4	11	11	456	585	60	400	130	1

Oct.	22, 2002		395	92	16	37	11	9	463	693	63	471	172	2

Oct.	23, 2002		370	101	43	9	66	16	546	827	71	454	228	5

Oct.	24, 2002		347	138	23	12	18	29	714	784	38	394	125	1

Oct.	25, 2002		320	150	66	15	18	18	455	779	29	325	118	2

	Sales

Oct.	21, 2002		294	99	35	2	11	7	412	572	58	403	133	2

Oct.	22, 2002		409	100	65	33	6	9	446	599	33	493	187	2

Oct.	23, 2002		379	77	57	11	60	10	525	733	56	461	162	6

Oct.	24, 2002		333	86	78	20	19	29	681	726	48	401	88	1

Oct.	25, 2002		345	173	86	43	49	17	435	658	53	328	124	1

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