Foreign
Currency

1998

1999

1998

1999

Mar. 6

Mar. 1

Mar. 2 +

Mar. 3

Mar. 4

Mar. 5

Mar. 6

Mar. 1

Mar. 2 +

Mar. 3

Mar. 4

Mar. 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 @

39.4800

42.5100

42.5500

42.5300

42.5300

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

39.4700

42.5100

42.5450

42.5300

42.5200

2.5329

2.3524

2.3502

2.3513

2.3513

Dollar

Selling

39.4800

42.5200

42.5550

42.5400

42.5400

Pound

{ Buying

64.4775

68.0875

68.6725

68.5675

68.4200

1.5492

1.4682

1.4559

1.4583

1.4611

Sterling

Selling

64.5350

68.1475

68.7300

68.5950

68.4575

Euro

{ Buying

50.4400 $

46.7475

46.4425

46.2425

46.0275

1,9798 $

2.1386

2.1513

2.1615

2.1712

Selling

50.5800 $

46.7800

46.4925

46.2700

46.0550

100 Yen

{ Buying

31.0425

35.6325

35.1150

34.7700

34.6250

321.75

280.58

284.69

287.49

288.71

Selling

31.0625

35.6550

35.1250

34.8050

34.6475

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

1-month

9.73

7.06

5.64

6.77

7.34

3-month

10.74

7.25

6.49

7.05

7.24

6-month

11.09

7.48

6.86

7.19

7.15

@

:

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.

+

:

Market closed.

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.