Press Releases - RBI - Reserve Bank of India

January 13, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.50 on 13.01.1999 as against Rs.42.50 on 12.01.1999. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM/EURO and Yen against Rs.100 are : Date Currency

January 12, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.50 on 12.01.1999 as against Rs.42.52 on 11.01.1999 . The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM and Yen against Rs.100 are : Date Currency per

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCY DateSPOTFORWARDFORWARDCANCELLATIONSPOTFORWARDFORWARDCANCELLATIONSPOTSWAPFORWARDSPOTSWAPFORWARD 28/12/199829977144162412439608922121102829/12/19982904310013147702677831453132633430/12/199833236881026193605541031181904531/12/19981614123111428722414219220547201/01/1999861715672137129442134SALES 28/12/19983132086662512418485822981131729/12/19983001201151459925783915527126

January 11, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.52 on 11.01.1999 as against Rs.42.52 on 08.01.1999. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM/EURO and Yen against Rs.100 are : Date Currency

January 8, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.52 on 08.01.1999 as against Rs.42.52 on 07.01.1999. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM/EURO and Yen against Rs.100 are : Date Currency p

On 1st January 1999, which was also the first Friday of the new year, India's total Foreign Exchange Reserves reached the level of US$ 30,012 million. The increase in Foreign Exchange Reserves as compared with end-December 1997 was US$ 2,657 million. According to the weekly Statistical supplement of the Reserve Bank of India, to be released tomorrow, the increase in reserves on 1st January over the previous week was US$ 45 million, after allowing for a reduction of US

January 7, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.52 on 07.01.1999 as against Rs.42.51 on 06.01.1999. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM/EURO and Yen against Rs.100 are : Date Currency p

January 6, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.51 on 06.01.1999 as against Rs.42.56 on 05.01.1999. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM/EURO and Yen against Rs.100 are : Date Currency p

January 5, 1999 The Reserve Bank of India’s Reference Rate for the US dollar is Rs.42.56 on 05.01.1999 as against Rs.42.51 on 04.01.1999. The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-rupee rate will be based on this rate. Based on the RBI Reference Rate for US dollar and middle rates of the cross currency quotes at 12.00 noon, the exchange rates of US dollar, Pound Sterling, DEM/EURO and Yen against Rs.100 are : Date Currency p

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCY DateSPOTFORWARDFORWARDCANCELLATIONSPOTFORWARDFORWARDCANCELLATIONSPOTSWAPFORWARDSPOTSWAPFORWARD 21/12/1998268452745331461724373171532422/12/1998207916310595250757813744414310923/12/19982005651202030335584612461339624/12/199826746646203229551211617410734SALES 21/12/1998288811145333412450343691252722/12/1998247148218565449160414048014711423/12/199821911525121929270539622