19. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: July 24, 2004

(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-
PositionDate				lation			lation
1		2	3	4	5	6	7	8	9	10	11	12	13

Purchases
Jun.	28, 2004	691	373	226	34	104	39	1022	1591	272	692	566	50
Jun.	29, 2004	603	597	215	71	94	117	1610	2000	112	674	292	9
Jun.	30, 2004	655	172	141	33	60	65	1205	948	59	658	193	7
Jul.	1, 2004	599	188	66	31	62	67	1315	1758	212	588	261	21
Jul.	2, 2004	501	223	110	38	41	60	1311	1843	63	472	201	8
Sales
Jun.	28, 2004	825	293	227	43	25	121	976	1463	292	746	536	20
Jun.	29, 2004	669	350	421	70	76	124	1521	1709	103	674	300	9
Jun.	30, 2004	440	199	285	29	61	56	1191	959	43	655	185	2
Jul.	1, 2004	484	246	156	33	72	81	1343	1848	209	644	240	30
Jul.	2, 2004	591	214	219	36	35	61	1197	1867	143	495	187	13
FCY : Foreign Currency. INR : Indian Rupees. +:Market closed. Note : Data relate to sales and purchases of foreign exchange on account of merchant and inter-bank transactions.