6. Foreign Exchange Rates - Spot and Forward Premia - RBI - Reserve Bank of India
6. Foreign Exchange Rates - Spot and Forward Premia
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Foreign |
1998 |
1999 |
1998 |
1999 |
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Currency |
Aug. 14 |
Aug. 9 |
Aug. 10 |
Aug. 11 |
Aug. 12 |
Aug. 13 |
Aug. 14 |
Aug. 9 |
Aug. 10 |
Aug. 11 |
Aug. 12 |
Aug. 13 |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
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RBI's Reference Rate (Rs. per U.S. Dollar) |
Foreign Currency per Rs. 100@ |
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43.0800 |
43.5400 |
43.4500 |
43.4900 |
43.4700 |
43.4600 |
(Based on Middle Rates) |
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FEDAI Indicative Rates (Rs. per Foreign Currency) |
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U.S. |
{ Buying |
43.0600 |
43.5350 |
43.4450 |
43.4900 |
43.4500 |
43.4550 |
2.3213 |
2.2967 |
2.3015 |
2.2994 |
2.3004 |
2.3010 |
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Dollar |
Selling |
43.0800 |
43.5450 |
43.4500 |
43.5000 |
43.4600 |
43.4650 |
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Pound |
{ Buying |
69.8725 |
69.9900 |
69.7550 |
70.1750 |
69.9200 |
70.1550 |
1.4303 |
1.4282 |
1.4328 |
1.4239 |
1.4291 |
1.4252 |
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Sterling |
Selling |
69.9325 |
70.0200 |
69.8150 |
70.2350 |
69.9800 |
70.1825 |
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Euro |
{ Buying |
50.4400 $ |
46.5300 |
46.5900 |
46.5475 |
46.2875 |
46.4275 |
1.9798 $ |
2.1483 |
2.1439 |
2.1472 |
2.1583 |
2.1533 |
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Selling |
50.5800 $ |
46.5550 |
46.6225 |
46.5800 |
46.3150 |
46.4500 |
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100 Yen |
{ Buying |
29.6525 |
37.7900 |
37.8075 |
37.8900 |
37.5550 |
37.8175 |
337.15 |
264.57 |
264.06 |
263.74 |
266.01 |
264.38 |
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Selling |
29.6875 |
37.8100 |
37.8475 |
37.9275 |
37.5950 |
37.8425 |
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Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) |
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1-month |
6.69 |
4.13 |
4.42 |
5.52 |
5.80 |
4.97 |
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3-month |
7.61 |
4.32 |
4.42 |
4.97 |
5.34 |
4.51 |
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6-month |
8.12 |
4.69 |
4.88 |
5.43 |
5.52 |
4.88 |
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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. |
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$ : |
These rates are as on January 4, 1999. |
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Note : 1. The unified exchange rate system came into force on March 1, 1993. |
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2. With the introduction of Euro effective January 1, 1999, the buying and selling rates of Rupees per Deutsche Mark (FEDAI indicative |
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rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively. |