Weekly Statistical Supplement

(5 kb)
Date : Oct 10, 1998
6. Foreign Exchange Rates - Spot and Forward Premia
Foreign   1997     1998     1997     1998     Currency   Oct.3 Sept.28 Sept.29 Sept.30++ Oct.1+ Oct.2+ Oct.3* Sept.28 Sept.29 Sept.30++ Oct.1+ Oct.2+ 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@         36.1700 42.5300 42.4900       (Based on Middle Rates)         FEDAI Indicative Rates (Rs. per Foreign Currency)             U.S. Buying 36.1700 42.5300 42.4850       2.7643 2.3513 2.3535       Dollar Selling 36.1800 42.5400 42.4950                                               Pound Buying 58.3425 72.2125 72.5725       1.7135 1.3851 1.3785       Sterling Selling 58.3775 72.2700 72.6325                                               Deutsche Buying 20.3625 25.3075 25.3375       4.9098 3.9507 3.9465       Mark Selling 20.3725 25.3225 25.3500                                               100 Yen Buying 29.6600 31.3400 31.5050       337.04 319.16 317.49         Selling 29.6800 31.3600 31.5200                                                 Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)             1-month   4.64 5.93 5.65                   3-month   4.98 6.68 6.50                   6-month   5.25 7.52 7.39                   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). ++ : Half yearly closing of Banks + : Market closed