19. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: January 11, 2003


(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

Dec.	9, 2002	523	105	19		4	69	24	813	1154	107	310	152	8

Dec.	10, 2002	372	293	21		3	34	9	694	988	119	341	154	3

Dec.	11, 2002	380	124	32		9	15	13	718	1176	125	275	99	2

Dec.	12, 2002	361	268	8		9	20	12	1048	1006	190	655	112	3

Dec.	13, 2002	400	135	20		20	54	14	718	1372	174	500	163	8

Sales

Dec.	9, 2002	545	78	51		4	50	25	851	886	127	326	158	8

Dec.	10, 2002	288	74	64		3	26	10	928	864	173	347	175	3

Dec.	11, 2002	301	86	50		8	15	19	767	1028	151	283	105	2

Dec.	12, 2002	384	35	48		6	7	34	1517	888	103	652	108	3

Dec.	13, 2002	343	83	57		20	41	16	732	1250	70	503	159	8

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