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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6. Foreign Exchange Rates - Spot and Forward Premia
Date: September 26, 1998
| Foreign currency | 1997 | 1998 | 1997 | 1998 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sept. 19 | Sept. 14 | Sept. 15 | Sept. 16 | Sept. 17 | Sept. 18 | Sept. 19* | Sept. 14 | Sept. 15 | Sept. 16 | Sept. 17 | Sept. 18 | ||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| RBI's Reference Rate (Rs. per U.S. Dollar) | Foreign Currency per Rs. 100@ | ||||||||||||
| 36.4000 | 42.4900 | 42.5100 | 42.4900 | 42.4700 | 42.5300 | (Based on Middle Rates) | |||||||
| FEDAI Indicative Rates (Rs. per Foreign Currency) | |||||||||||||
| U.S. | Buying | 36.3950 | 42.4800 | 42.5100 | 42.4900 | 42.4800 | 42.5250 | 2.7473 | 2.3535 | 2.3524 | 2.3535 | 2.3546 | 2.3513 |
| Dollar | Selling | 36.4050 | 42.4900 | 42.5200 | 42.5000 | 42.4900 | 42.5350 | ||||||
| Pound | Buying | 58.4675 | 70.9875 | 71.3225 | 71.0950 | 71.5200 | 71.4375 | 1.7098 | 1.4077 | 1.4006 | 1.4068 | 1.4000 | 1.3987 |
| Sterling | Selling | 58.5025 | 71.0475 | 71.3825 | 71.1525 | 71.5650 | 71.4975 | ||||||
| Deutsche | Buying | 20.4250 | 24.9100 | 25.0400 | 25.1000 | 25.2275 | 25.1175 | 4.8945 | 4.0107 | 3.9452 | 3.9855 | 3.9700 | 3.9810 |
| Mark | Selling | 20.4375 | 24.9300 | 25.0625 | 25.1200 | 25.2400 | 25.1375 | ||||||
| 100 Yen | Buying | 29.8925 | 32.1325 | 31.8750 | 31.6275 | 31.6100 | 32.1675 | 334.42 | 311.39 | 313.44 | 316.19 | 316.69 | 310.91 |
| Selling | 29.9125 | 32.1650 | 31.8975 | 31.6600 | 31.6400 | 32.2000 | |||||||
| Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) | |||||||||||||
| 1-month | 6.26 | 7.63 | 7.90 | 6.78 | 6.22 | 6.49 | |||||||
| 3-month | 6.26 | 8.10 | 8.37 | 7.72 | 7.53 | 7.62 | |||||||
| 6-month | 6.15 | 8.61 | 8.75 | 8.19 | 8.05 | 8.14 | |||||||
| Note : The unified exchange rate system came into force on March 1, 1993. @ : 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. * : These rates are based on Foreign Exchange Dealers' Association of India (FEDAI) indicative rates (middle rates). |
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