Foreign

1998

1999

1998

1999

Currency

Jun. 5

May 31

Jun. 1

Jun. 2

Jun. 3

Jun. 4

Jun. 5

May 31

Jun. 1

Jun. 2

Jun. 3

Jun. 4

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 @

41.8000

42.8400

42.8700

42.9400

42.9300

42.9400

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

41.7900

42.8400

42.8650

42.9400

42.9250

42.9300

2.3923

2.3343

2.3326

2.3288

2.3294

2.3288

Dollar

Selling

41.8000

42.8500

42.8750

42.9500

42.9350

42.9400

Pound

{ Buying

68.3475

68.6375

68.5875

69.1725

68.8550

68.8600

1.4616

1.4559

1.4572

1.4451

1.4516

1.4518

Sterling

Selling

68.3850

68.6975

69.6475

69.2300

68.8925

68.9175

Euro

{ Buying

50.4400 $

44.8075

44.7075

44.9025

44.4025

44.2825

1.9798 $

2.2303

2.2349

2.2272

2.2535

2.2577

Selling

50.5800 $

44.8425

44.7400

44.9250

44.4300

44.3050

100 Yen

{ Buying

29.9775

35.2825

35.3850

35.6225

35.2550

35.2875

333.25

283.28

282.54

280.50

283.52

283.19

Selling

30.0075

35.3050

35.4075

35.6600

35.2900

35.3250

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

1-month

6.32

4.76

4.76

4.47

4.75

4.47

3-month

8.33

4.86

5.23

5.12

5.22

5.03

6-month

9.00

5.32

5.46

5.45

5.45

5.31

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.