Foreign

1998

1999

1998

1999

Currency

Aug. 21

Aug. 16

Aug. 17

Aug. 18

Aug. 19

Aug. 20

Aug. 21

Aug. 16

Aug. 17

Aug. 18

Aug. 19

Aug. 20

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@

42.5700

43.4200

43.4200

43.4200

43.4700

43.5500

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5600

43.4300

43.4100

43.4150

43.4600

43.5450

2.3491

2.3031

2.3031

2.3031

2.3004

2.2962

Dollar

Selling

42.5800

43.4400

43.4200

43.4250

43.4700

43.5550

Pound

{ Buying

69.3425

69.8800

69.4825

69.7450

69.5375

70.5000

1.4416

1.4327

1.4379

1.4336

1.4376

1.4186

Sterling

Selling

69.4175

69.9175

69.5200

69.7850

69.5725

70.5600

Euro

{ Buying

50.4400 $

46.0000

45.8750

45.6250

45.5950

46.3800

1.9798 $

2.1759

2.1799

2.1909

2.1921

2.1557

Selling

50.5800 $

46.0325

45.8950

45.6525

45.6300

46.4125

100 Yen

{ Buying

29.7925

37.8100

37.8025

38.1200

38.9875

38.9625

335.22

264.45

264.41

262.15

256.63

256.88

Selling

29.8275

37.8375

37.8350

38.1625

39.0150

38.9825

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

1-month

18.89

4.97

4.97

4.97

5.24

5.24

3-month

13.06

4.51

4.51

4.42

4.78

4.87

6-month

11.93

4.79

4.84

4.70

4.88

4.96

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.