Foreign
Currency

1998

1999

1998

1999

May 22

May 17

May 18

May 19

May 20

May 21

May 22

May 17

May 18

May 19

May 20

May 21

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@

40.6300

42.7400

42.7300

42.7300

42.7600

42.7500

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

40.6200

42.7300

42.7300

42.7200

42.7550

42.7500

2.4612

2.3397

2.3403

2.3403

2.3386

2.3392

Dollar

Selling

40.6300

42.7400

42.7400

42.7300

42.7650

42.7600

Pound

{ Buying

66.1825

69.0525

69.2900

69.1250

68.9775

68.7075

1.5089

1.4483

1.4428

1.4466

1.4486

1.4553

Sterling

Selling

66.2475

69.1100

69.3275

69.1625

69.0350

68.7675

Euro

{ Buying

50.4400 $

45.5250

45.6825

45.4975

45.6250

45.3150

1.9798 $

2.1956

2.1874

2.1988

2.1916

2.2062

Selling

50.5800 $

45.5575

45.7350

45.5500

45.6425

45.3550

100 Yen

{ Buying

29.8725

34.6775

34.7925

34.5075

34.3025

34.5075

334.88

281.00

287.28

289.54

291.69

289.79

Selling

29.8900

34.7000

34.8150

34.5425

34.3375

34.5275

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

1-month

6.20

4.49

3.93

3.65

4.21

4.21

3-month

7.48

5.15

4.59

4.31

4.68

4.68

6-month

8.22

5.43

5.10

4.87

5.24

5.10

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.