Weekly Statistical Supplement

(5 kb)
Date : Nov 14, 1998
6. Foreign Exchange Rates - Spot and Forward Premia
Foreign   1997     1998     1997     1998     Currency   Nov. 7 Nov. 2 Nov. 3 Nov. 4+ Nov. 5 Nov. 6 Nov. 7* Nov. 2 Nov. 3 Nov. 4+ Nov. 5 Nov. 6 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@         36.5500 42.3000 42.2900 42.3500 42.3300 (Based on Middle Rates)         FEDAI Indicative Rates (Rs. per Foreign Currency)             U.S. Buying 36.5400 42.2900 42.2900 42.3450 42.3150 2.7364 2.3641 2.3646 2.3613 2.3624 Dollar Selling 36.5500 42.3000 42.3000 42.3550 42.3250                                         Pound Buying 61.6550 70.8750 70.1550 70.1750 70.3475 1.6212 1.4106 1.4236 1.4243 1.4206 Sterling Selling 61.7075 70.9025 70.2150 70.2325 70.4075                                         Deutsche Buying 21.2475 25.6150 25.4875 25.3850 25.4600 4.7051 3.9019 3.9177 3.9387 3.9245 Mark Selling 21.2600 25.6375 25.5100 25.4000 25.4750                                         100 Yen Buying 29.5400 36.4800 36.6225 35.9150 35.8275 338.41 274.01 272.98 278.28 278.94   Selling 29.5600 36.5025 36.6775 35.9400 35.8650                                           Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)             1-month   6.57 3.97 3.97 4.25 4.25             3-month   6.79 5.96 6.05 6.14 6.33             6-month   7.06 6.95 7.05 7.18 7.32             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