Weekly Statistical Supplement

(10 kb)
Date : Oct 03, 1998
6. Foreign Exchange Rates - Spot and Forward Premia
Foreign   1997     1998     1997     1998     Currency   Sept. 26 Sept. 21 Sept. 22 Sept. 23 Sept. 24 Sept. 25 Sept. 26* Sept. 21 Sept. 22 Sept. 23 Sept.24 Sept.25 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@         36.2200 42.5200 42.5100 42.5400 42.5300 42.5100             (Based on Middle Rates)         FEDAI Indicative Rates (Rs. per Foreign Currency)             U.S. Buying 36.2100 42.5100 42.5000 42.5400 42.5300 42.5000 2.7613 2.3518 2.3524 2.3507 2.3513 2.3524 Dollar Selling 36.2200 42.5200 42.5100 42.5500 42.5400 42.5100                                         Pound Buying 58.5725 71.4375 71.2725 71.5900 71.5275 72.0925 1.7065 1.3976 1.4023 1.3964 1.3979 1.3844 Sterling Selling 58.6250 71.4975 71.3325 71.6500 71.5875 72.1525                                         Deutsche Buying 20.5650 25.1725 25.0975 25.2975 25.2625 25.3725 4.8606 3.9599 3.9855 3.9517 3.9578 3.9394 Mark Selling 20.5825 25.1925 25.1075 25.3150 25.2725 25.3825                                         100 Yen Buying 29.8750 31.8750 31.5500 31.3000 31.1200 31.3775 334.53 315.15 316.77 319.19 321.33 318.56   Selling 29.9100 31.9075 31.5800 31.3200 31.1500 31.4075                                           Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)             1-month   6.63 5.93 5.93 7.05 6.77 6.77             3-month   6.29 6.87 6.96 7.71 7.24 7.15             6-month   6.02 7.53 7.76 8.32 7.85 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).