Foreign

1998

1999

1998

1999

Currency

May 15

May 10

May 11

May 12

May 13

May 14

May 15

May 10

May 11

May 12

May 13

May 14

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@

40.7600

42.7300

42.7200

42.7500

42.7500

42.7600

(Based on Middle Rates)

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{

Buying

40.7200

42.7250

42.7200

42.7400

42.7450

42.7550

2.4534

2.3403

2.3408

2.3392

2.3392

2.3386

Dollar

Selling

40.7500

42.7350

42.7300

42.7500

42.7550

42.7650

Pound

{

Buying

66.4725

69.6250

69.4500

69.3450

69.1950

69.1525

1.5015

1.4369

1.4400

1.4419

1.4446

1.4483

Sterling

Selling

66.5650

69.6625

69.5100

69.3750

69.2325

69.1800

Euro

{

Buying

50.4400

$

45.8275

46.1075

45.8375

45.5950

45.5800

1.9798 $

2.1816

2.1691

2.1803

2.1946

2.1937

Selling

50.5800

$

45.8450

46.1350

45.8700

45.6275

45.6100

100 Yen

{

Buying

30.3525

35.4025

35.3825

35.3700

35.2500

35.0175

329.04

282.47

282.69

282.42

283.86

285.47

Selling

30.3975

35.4200

35.4000

35.4075

35.2725

35.0400

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

1-month

8.24

5.34

5.34

4.77

4.77

4.49

3-month

8.44

5.34

5.34

5.33

5.24

5.14

6-month

8.83

5.85

5.85

5.75

5.57

5.47

@

:

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selling rates of Rupees per Deutsche Mark (FEDAI indicative rates) and Deutsche Mark per Rs. 100 (middle rates) have been replaced by Rupees per Euro and Euro per Rs. 100, respectively.