Weekly Statistical Supplement

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Date : Oct 31, 1998
6. Foreign Exchange Rates - Spot and Forward Premia
Foreign   1997     1998     1997     1998     Currency   Oct. 24 Oct. 19+ Oct. 20 Oct. 21+ Oct. 22+ Oct. 23 Oct. 24*  Oct. 19+ Oct . 20 Oct . 21+ Oct. 22+ Oct. 23 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@         36.2600 42.3000 42.2900 (Based on Middle Rates)         FEDAI Indicative Rates (Rs. per Foreign Currency)             U.S. Buying 36.2500 42.3000 42.2850 2.7582 2.3641 2.3646 Dollar Selling 36.2600 42.3100 42.2950                                         Pound Buying 59.0800 71.5800 71.5850 1.6918 1.3969 1.3953 Sterling Selling 59.1375 71.6400 71.6275                                         Deutsche Buying 20.4325 25.8625 25.7750 4.8927 3.8661 3.8786 Mark Selling 20.4450 25.8725 25.7875                                         100 Yen Buying 29.7750 36.7125 35.6675 335.67 272.46 280.81   Selling 29.8075 36.7375 35.6925                                           Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)             1-month   5.30 5.11 5.11             3-month   5.96 6.71 6.72             6-month   5.96 7.75 7.76             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). + : Market closed.