19. Turnover in Foreign Exchange Market

RbiAnnouncementWeb

Date: September 18, 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
Aug.	23, 2004	812	228	210	25	57	47	1,137	998	53	428	154	3
Aug.	24, 2004	177	37	44	29	118	45	337	242	42	505	147	5
Aug.	25, 2004	718	296	158	53	62	81	1,089	1,724	71	644	202	6
Aug.	26, 2004	579	192	154	28	38	48	738	1,276	58	535	164	39
Aug.	27, 2004	548	197	270	28	47	75	1,140	1,520	87	542	327	46
Sales
Aug.	23, 2004	827	316	230	13	47	44	1,043	1,009	98	461	150	1
Aug.	24, 2004	241	66	47	15	72	60	306	231	50	557	140	3
Aug.	25, 2004	727	194	212	30	77	102	1,114	1,640	115	675	238	15
Aug.	26, 2004	565	175	243	19	48	48	669	1,018	67	520	193	35
Aug.	27, 2004	612	366	254	19	51	84	998	1,226	128	514	350	44
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.