Foreign

1998

1999

1998

1999

Currency

Jul. 17

Jul. 12

Jul. 13

Jul. 14

Jul. 15

Jul. 16

Jul. 17

Jul. 12

Jul. 13

Jul. 14

Jul. 15

   Jul. 16

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@

42.5600

43.2400

43.2300

43.2400

43.2700

43.2500

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{ Buying

42.5400

43.2300

43.2200

43.2350

43.2650

43.2400

2.3496

2.3127

2.3132

2.3127

2.3111

2.3121

Dollar

Selling

42.5600

43.2400

43.2300

43.2450

43.2750

43.2500

Pound

{ Buying

69.7050

67.0150

67.2325

67.2125

67.7325

67.7700

1.4330

1.4916

1.4870

1.4874

1.4768

1.4746

Sterling

Selling

69.7825

67.0750

67.2925

67.2725

67.7675

67.8075

Euro

{ Buying

50.4400 $

44.0075

43.7550

43.8350

44.2425

44.0925

1.9798 $

2.2731

2.2869

2.2794

2.2603

2.2659

Selling

50.5800 $

44.0350

43.7750

43.8675

44.2750

44.1150

100 Yen

{ Buying

30.5775

35.4175

35.3775

35.6750

35.8700

35.7550

327.12

282.30

282.62

280.15

278.73

279.48

Selling

30.6025

35.4350

35.4150

35.7125

35.9050

35.8050

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

1-month

4.51

3.89

4.16

4.44

4.44

4.16

3-month

6.95

4.35

4.35

4.44

4.44

4.25

6-month

7.61

4.58

4.63

4.67

4.71

4.58

@ :

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.