Foreign

1998

1999

1998

1999

Currency

Jan. 23

Jan. 18

Jan. 19

Jan. 20+

Jan. 21

Jan. 22

Jan. 23*

Jan. 18

Jan. 19

Jan. 20+

Jan. 21

Jan. 22

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@

38.6200

42.5000

42.5000

42.5100

42.5100

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

38.6100

42.4900

42.4950

42.5000

42.5000

2.5893

2.3529

2.3529

2.3524

2.3524

Dollar

Selling

38.6300

42.5000

42.5050

42.5100

42.5100

Pound

{ Buying

63.6300

70.2225

70.0525

70.0625

70.1750

1.5707

1.4233

1.4263

1.4270

1.4236

Sterling

Selling

63.7000

70.2825

70.1125

70.1200

70.2350

Euro

{ Buying

50.4400 $

49.2875

49.1400

49.1650

49.3300

1.9798 $

2.0280

2.0339

2.0323

2.0270

Selling

50.5800 $

49.3225

49.1750

49.2150

49.3550

100 Yen

{ Buying

30.4375

37.3175

37.0625

37.5550

37.3550

328.39

267.86

269.73

266.23

267.71

Selling

30.4650

37.3425

37.0825

37.5725

37.3775

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

1-month

40.39

5.36

5.65

5.36

5.65

3-month

24.96

5.93

6.12

6.59

6.68

6-month

18.95

6.45

6.59

6.73

6.82

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.

@ : 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).

$ : These rates are as on January 4, 1999.

+ : Market closed.