Foreign

1998

1999

1998

1999

Currency

Feb. 6

Feb. 1

Feb. 2

Feb. 3

Feb. 4

Feb. 5

Feb. 6

Feb. 1

Feb. 2

Feb. 3

Feb. 4

Feb. 5

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 @

38.7500

42.5000

42.5000

42.4800

42.4600

42.4700

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

38.7300

42.4950

42.4950

42.4800

42.4600

42.4650

2.5806

2.3529

2.3529

2.3540

2.3552

2.3546

Dollar

Selling

38.7500

42.5050

42.5050

42.4900

42.4700

42.4750

Pound

{ Buying

63.8275

69.8625

69.8325

69.4550

69.4725

69.7900

1.5639

1.4308

1.4314

1.4393

1.4380

1.4321

Sterling

Selling

63.9000

69.9200

69.8900

69.5125

69.5100

69.8500

Euro

{ Buying

50.4400 $

48.2025

48.1250

48.1800

48.0225

48.2200

1.9798 $

2.0730

2.0770

2.0754

2.0815

2.0737

Selling

50.5800 $

48.2775

48.1800

48.2050

48.0750

48.2725

100 Yen

{ Buying

31.1825

36.7275

37.3575

37.7900

37.3250

37.9500

320.41

272.12

267.33

264.55

267.84

263.46

Selling

31.2125

36.7700

37.3825

37.8325

37.3500

37.9750

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

1-month

15.17

5.08

5.65

5.65

5.37

5.09

3-month

17.86

6.49

6.68

6.59

6.50

6.22

6-month

15.48

6.78

6.87

6.78

6.69

6.59

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(FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro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 as on January 4, 1999.