Foreign

1998

1999

1998

1999

Currency

May 8

May 3

May 4

May 5

May 6

May 7

May 8

May 3

May 4

May 5

May 6

May 7

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@

39.7800

42.7800

42.7500

42.7300

42.7300

42.7500

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

39.7750

42.7800

42.7450

42.7250

42.7200

42.7400

2.5138

2.3375

2.3392

2.3403

2.3403

2.3392

Dollar

Selling

39.7850

42.7900

42.7550

42.7350

42.7300

42.7500

Pound

{ Buying

65.5300

68.8550

68.8800

69.5300

69.7825

69.9950

1.5138

1.4521

1.4512

1.4371

1.4325

1.4282

Sterling

Selling

65.5850

68.8925

68.9175

69.5900

69.8425

70.0550

Euro

{ Buying

50.4400 $

45.2525

45.2450

45.4975

45.9150

46.0525

1.9798 $

2.2087

2.2102

2.1971

2.1769

2.1703

Selling

50.5800 $

45.3050

45.3000

45.5300

45.9700

46.0800

100 Yen

{ Buying

29.9250

35.7300

35.5025

35.3225

35.4650

35.4800

334.08

279.59

281.25

283.06

281.88

282.07

Selling

29.9425

35.7675

35.5400

35.3450

35.4875

35.5025

Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)

1-month

3.77

5.05

4.49

5.05

5.05

5.05

3-month

5.03

5.42

5.33

5.34

5.34

5.43

6-month

6.69

6.03

5.94

5.99

5.94

5.94

@ : 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 as on January 4, 1999.

Note: 1.

The unified exchange rate system came into force on March 1, 1993.

2.

With the introduction of Euro effective January 1, 1999, the buying and selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.