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Foreign | | 1998 | | | 1999 | | | 1998 | | | 1999 | | |
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Currency | | Dec. 31 | Dec. 27 | Dec. 28 | Dec. 29 | Dec. 30 | Dec. 31 | Dec. 31 | Dec. 27 | Dec. 28 | Dec. 29 | Dec. 30 | Dec. 31 |
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1 | | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
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| | | RBI's Reference Rate (Rs. per U.S. Dollar) | | | Foreign Currency per Rs. 100@ | |
| | | 42.4800 | 43.5000 | 43.5000 | 43.5300 | 43.5200 | 43.4900 | | (Based on Middle Rates) | | |
| | FEDAI Indicative Rates (Rs. per Foreign Currency) | | | | | | | |
U.S. | | { Buying | 42.4850 | 43.5000 | 43.4950 | 43.5250 | 43.5150 | 43.5000 | 2.3540 | 2.2989 | 2.2989 | 2.2973 | 2.2978 | 2.2994 |
Dollar | | Selling | 42.4950 | 43.5100 | 43.5050 | 43.5350 | 43.5250 | 43.5100 | | | | | | |
Pound | | { Buying | 70.6875 | 70.3400 | 70.2650 | 70.3800 | 70.4425 | 70.2525 | 1.4144 | 1.4212 | 1.4226 | 1.4203 | 1.4190 | 1.4233 |
Sterling | | Selling | 70.7450 | 70.4000 | 70.3250 | 70.4175 | 70.5025 | 70.3125 | | | | | | |
Euro | | { Buying | 50.4400 | $ 44.0950 | 44.0525 | 43.8725 | 43.7925 | 43.8225 | 1.9798 $ | 2.2667 | 2.2687 | 2.2778 | 2.2824 | 2.2814 |
| | Selling | 50.5800 | $ 44.1375 | 44.0825 | 43.9275 | 43.8200 | 43.8525 | | | | | | |
100 Yen | | { Buying | 37.4475 | 42.3350 | 42.4725 | 42.5250 | 42.5875 | 42.4550 | 266.89 | 236.09 | 235.35 | 235.07 | 234.67 | 235.48 |
| | Selling | 37.5075 | 42.3875 | 42.5025 | 42.5550 | 42.6375 | 42.5075 | | | | | | |
Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) | | | | | | | |
1-month | | | 4.80 | 3.31 | 3.31 | 2.62 | 3.31 | 3.04 | | | | | | |
3-month | | | 5.65 | 3.86 | 3.77 | 3.68 | 3.77 | 3.68 | | | | | | |
6-month | | | 7.11 | 4.05 | 4.00 | 3.95 | 4.04 | 4.00 | | | | | | |
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@ | : 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| and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively. |
3. | The market was closed on January 1, 1999. . |