Foreign

1998

1999

1998

1999

Currency

Mar. 27

Mar. 22

Mar. 23

Mar. 24

Mar. 25 +

Mar. 26

Mar. 27

Mar. 22

Mar. 23

Mar. 24

Mar. 25 +

Mar. 26

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 @

39.5000

42.3900

42.3900

42.4000

42.4000

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

39.4950

42.3900

42.3900

42.4000

42.3950

2.5316

2.3590

2.3590

2.3585

2.3585

Dollar

Selling

39.5050

42.4000

42.4000

42.4100

42.4050

Pound

{ Buying

66.4825

69.0200

68.9675

69.3675

68.8925

1.5034

1.4507

1.4493

1.4412

1.4502

Sterling

Selling

66.5400

69.0775

69.0275

69.4250

68.9500

Euro

{ Buying

50.4400 $

46.1700

46.1925

46.2550

45.9950

1.9798 $

2.1711

2.1634

2.1608

2.1722

Selling

50.5800 $

46.2200

46.2200

46.3025

46.0225

100 Yen

{ Buying

30.5325

36.1325

35.7425

36.0625

35.6525

327.12

277.33

279.43

277.39

280.07

Selling

30.5650

36.1725

35.7650

36.0875

35.6925

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

1-month

7.59

6.79

6.79

7.08

7.36

3-month

6.48

6.79

6.70

7.08

7.08

6-month

7.34

6.94

6.79

7.08

7.08

@

: 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rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.