Foreign

1998

1999

1998

1999

Currency

Mar. 12

Mar. 8

Mar. 9

Mar. 10

Mar. 11

Mar. 12

Mar. 12

Mar. 8

Mar. 9

Mar. 10

Mar. 11

Mar. 12

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 @

39.5100

42.5000

42.4700

42.4400

42.4500

42.4300

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

39.4900

42.4950

42.4600

42.4350

42.4400

42.4300

2.5310

2.3529

2.3546

2.3563

2.3557

2.3568

Dollar

Selling

39.5000

42.5050

42.4700

42.4450

42.4500

42.4400

Pound

{ Buying

65.0625

68.0900

68.3950

68.5925

69.0125

69.3050

1.5358

1.4677

1.4613

1.4575

1.4484

1.4429

Sterling

Selling

65.1000

68.1475

68.4525

68.6300

69.0700

69.3650

Euro

{ Buying

50.4400 $

46.0400

46.2975

46.1875

46.5050

46.7325

1.9798 $

2.1719

2.1588

2.1637

2.1494

2.1397

Selling

50.5800 $

46.0700

46.3275

46.2300

46.5375

46.7600

100 Yen

{ Buying

30.5650

34.9375

35.0175

35.0150

35.4225

35.3375

326.88

286.68

285.39

285.62

282.14

282.35

Selling

30.5975

34.9550

35.0550

35.0475

35.4600

35.3600

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

1-month

11.24

7.06

6.50

6.79

6.78

7.07

3-month

10.83

7.06

6.97

7.07

6.97

7.07

6-month

10.88

7.11

7.02

7.02

6.97

7.07

@ : 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.

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.

3.

The market was closed on March 13, 1998.