Weekly Statistical Supplement

(5 kb)
Date : Nov 07, 1998
6. Foreign Exchange Rates - Spot and Forward Premia
Foreign   1997     1998     1997     1998     Currency   Oct. 31 Oct. 26 Oct. 27 Oct. 28 Oct. 29 Oct. 30 Oct. 31*  Oct. 26 Oct . 27 Oct . 28 Oct. 29 Oct. 30 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 42.2700 42.2600 42.2700 42.2900 42.3700 (Based on Middle Rates)         FEDAI Indicative Rates (Rs. per Foreign Currency)             U.S. Buying 36.3950 42.2700 42.2600 42.2600 42.2800 42.2500 2.7473 2.3657 2.3663 2.3657 2.3646 2.3602 Dollar Selling 36.4050 42.2800 42.2700 42.2700 42.2900 42.3700                                         Pound Buying 60.6450 71.0175 70.4675 70.7600 70.9025 71.0300 1.6485 1.4066 1.4184 1.4127 1.4098 1.4076 Sterling Selling 60.6800 71.0550 70.5275 70.7975 70.9425 71.0850                                         Deutsche Buying 21.1050 25.6625 25.4375 25.5975 25.5850 25.6200 4.7365 3.8928 3.9305 3.9057 3.9070 3.9036 Mark Selling 21.1200 25.6825 25.4475 25.6100 25.6000 25.6400                                         100 Yen Buying 30.2225 35.5200 35.3925 35.8750 36.2300 36.6200 330.69 281.37 282.43 278.69 276.22 272.78   Selling 30.2575 35.5600 35.4175 35.8925 36.2700 36.6675                                           Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)             1-month   5.60 5.11 4.54 4.54 5.11 4.81             3-month   6.04 6.81 6.15 6.34 6.90 6.61             6-month   6.43 7.62 7.10 7.14 7.42 7.22             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).