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Jul 29, 1999

Investment by Foreign Institutional Investors

The Reserve Bank of India on July 29, 1999 has notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Sonata Software Ltd., up to 30 per cent of their paid up capital through primary and stock exchanges, as the company has passed a resolution at its Board and General Body Meeting to this effect.P.V. Sadanandan Asstt. ManagerPress Release : 1999-2000/143 Monitoring of Investments in Companies FII Investmen

The Reserve Bank of India on July 29, 1999 has notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Sonata Software Ltd., up to 30 per cent of their paid up capital through primary and stock exchanges, as the company has passed a resolution at its Board and General Body Meeting to this effect.P.V. Sadanandan Asstt. ManagerPress Release : 1999-2000/143 Monitoring of Investments in Companies FII Investmen

Investment by Foreign Institutional Investors

The Reserve Bank of India on July 29, 1999 has notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Sonata Software Ltd., up to 30 per cent of their paid up capital through primary and stock exchanges, as the company has passed a resolution at its Board and General Body Meeting to this effect.P.V. Sadanandan Asstt. ManagerPress Release : 1999-2000/143 Monitoring of Investments in Companies FII Investmen

The Reserve Bank of India on July 29, 1999 has notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Sonata Software Ltd., up to 30 per cent of their paid up capital through primary and stock exchanges, as the company has passed a resolution at its Board and General Body Meeting to this effect.P.V. Sadanandan Asstt. ManagerPress Release : 1999-2000/143 Monitoring of Investments in Companies FII Investmen

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Jul 29, 1999

Investment by NRIs/OCBs/PIOs in the shares of Indian Companies

The Reserve Bank of India on July 29, 1999 has notified that Non-resident Indians (NRIs), Overseas Corporate Bodies (OCBs) and Persons of Indian Origin (PIOs) can now purchase equity shares and convertible debentures of the following companies up to 24 per cent of their paid up capital through stock exchanges under the portfolio investment scheme, as the companies have passed resolutions at their General Body Meetings to this effect.1. M/s. Sonata Software Ltd. 2. M/s

The Reserve Bank of India on July 29, 1999 has notified that Non-resident Indians (NRIs), Overseas Corporate Bodies (OCBs) and Persons of Indian Origin (PIOs) can now purchase equity shares and convertible debentures of the following companies up to 24 per cent of their paid up capital through stock exchanges under the portfolio investment scheme, as the companies have passed resolutions at their General Body Meetings to this effect.1. M/s. Sonata Software Ltd. 2. M/s

Investment by NRIs/OCBs/PIOs in the shares of Indian Companies

The Reserve Bank of India on July 29, 1999 has notified that Non-resident Indians (NRIs), Overseas Corporate Bodies (OCBs) and Persons of Indian Origin (PIOs) can now purchase equity shares and convertible debentures of the following companies up to 24 per cent of their paid up capital through stock exchanges under the portfolio investment scheme, as the companies have passed resolutions at their General Body Meetings to this effect.1. M/s. Sonata Software Ltd. 2. M/s

The Reserve Bank of India on July 29, 1999 has notified that Non-resident Indians (NRIs), Overseas Corporate Bodies (OCBs) and Persons of Indian Origin (PIOs) can now purchase equity shares and convertible debentures of the following companies up to 24 per cent of their paid up capital through stock exchanges under the portfolio investment scheme, as the companies have passed resolutions at their General Body Meetings to this effect.1. M/s. Sonata Software Ltd. 2. M/s

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Jul 28, 1999

RBI Reference Rate for US $

July 28, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.33 on 28.7.1999 as against Rs.43.29 on 27.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 28, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.33 on 28.7.1999 as against Rs.43.29 on 27.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 28, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.33 on 28.7.1999 as against Rs.43.29 on 27.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 28, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.33 on 28.7.1999 as against Rs.43.29 on 27.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 27, 1999

RBI Reference Rate for US $

July 27, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.29 on 27.7.1999 as against Rs.43.28 on 26.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 27, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.29 on 27.7.1999 as against Rs.43.28 on 26.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 27, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.29 on 27.7.1999 as against Rs.43.28 on 26.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 27, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.29 on 27.7.1999 as against Rs.43.28 on 26.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 26, 1999

RBI Reference Rate for US $

July 26, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.28 on 26.7.1999 as against Rs.43.26 on 23.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 26, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.28 on 26.7.1999 as against Rs.43.26 on 23.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 26, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.28 on 26.7.1999 as against Rs.43.26 on 23.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 26, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.28 on 26.7.1999 as against Rs.43.26 on 23.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 23, 1999

RBI Reference Rate for US $

July 23, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 23.7.1999 as against Rs.43.26 on 22.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 23, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 23.7.1999 as against Rs.43.26 on 22.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 23, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 23.7.1999 as against Rs.43.26 on 22.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 23, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 23.7.1999 as against Rs.43.26 on 22.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 22, 1999

RBI Reference Rate for US $

July 22, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 22.7.1999 as against Rs.43.26 on 21.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 22, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 22.7.1999 as against Rs.43.26 on 21.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 22, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 22.7.1999 as against Rs.43.26 on 21.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 22, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 22.7.1999 as against Rs.43.26 on 21.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 22, 1999

Reserve Bank of India - Foreign Exchange Data from 05/07/1999 to 09/07/1999

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 05/07/199931872 21 1373621659556 65 2941184306/07/199915973 37 1213113496701 111 3071532607/07/199922343 10 1343514364569 71 3311401408/07/199920173 11 1472330548801 68 3591302309/07/199918549 27 1653625377507 24 37812427 SALES 05/07/1999295130 23 343523677540 95 2951584406/07

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 05/07/199931872 21 1373621659556 65 2941184306/07/199915973 37 1213113496701 111 3071532607/07/199922343 10 1343514364569 71 3311401408/07/199920173 11 1472330548801 68 3591302309/07/199918549 27 1653625377507 24 37812427 SALES 05/07/1999295130 23 343523677540 95 2951584406/07

Reserve Bank of India - Foreign Exchange Data from 05/07/1999 to 09/07/1999

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 05/07/199931872 21 1373621659556 65 2941184306/07/199915973 37 1213113496701 111 3071532607/07/199922343 10 1343514364569 71 3311401408/07/199920173 11 1472330548801 68 3591302309/07/199918549 27 1653625377507 24 37812427 SALES 05/07/1999295130 23 343523677540 95 2951584406/07

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 05/07/199931872 21 1373621659556 65 2941184306/07/199915973 37 1213113496701 111 3071532607/07/199922343 10 1343514364569 71 3311401408/07/199920173 11 1472330548801 68 3591302309/07/199918549 27 1653625377507 24 37812427 SALES 05/07/1999295130 23 343523677540 95 2951584406/07

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Jul 21, 1999

RBI Reference Rate for US $

July 21, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 21.7.1999 as against Rs.43.20 on 20.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 21, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 21.7.1999 as against Rs.43.20 on 20.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 21, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 21.7.1999 as against Rs.43.20 on 20.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 21, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.26 on 21.7.1999 as against Rs.43.20 on 20.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 20, 1999

RBI Reference Rate for US $

July 20, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.20 on 20.7.1999 as against Rs.43.22 on 19.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 20, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.20 on 20.7.1999 as against Rs.43.22 on 19.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 20, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.20 on 20.7.1999 as against Rs.43.22 on 19.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 20, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.20 on 20.7.1999 as against Rs.43.22 on 19.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 19, 1999

RBI Reference Rate for US $

July 19, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.22 on 19.7.1999 as against Rs.43.25 on 16.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 19, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.22 on 19.7.1999 as against Rs.43.25 on 16.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 19, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.22 on 19.7.1999 as against Rs.43.25 on 16.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 19, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.22 on 19.7.1999 as against Rs.43.25 on 16.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 16, 1999

RBI Reference Rate for US $

July 16, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.25 on 16.7.1999 as against Rs.43.27 on 15.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 16, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.25 on 16.7.1999 as against Rs.43.27 on 15.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 16, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.25 on 16.7.1999 as against Rs.43.27 on 15.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 16, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.25 on 16.7.1999 as against Rs.43.27 on 15.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 16, 1999

Investment by NRIs/OCBs/PIO

The Reserve Bank of India on July 16, 1999 has notified that no further purchases of shares of M/s. Seirra Optima Ltd., should made by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIO) under the portfolio investment scheme. The Reserve Bank has stated that M/s. Seirra Optima Ltd., has reached the overall ceiling of ten per cent of its paid up equity capital.Rumpambara Padhi ManagerPress Release : 1999-2000/83

The Reserve Bank of India on July 16, 1999 has notified that no further purchases of shares of M/s. Seirra Optima Ltd., should made by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIO) under the portfolio investment scheme. The Reserve Bank has stated that M/s. Seirra Optima Ltd., has reached the overall ceiling of ten per cent of its paid up equity capital.Rumpambara Padhi ManagerPress Release : 1999-2000/83

Investment by NRIs/OCBs/PIO

The Reserve Bank of India on July 16, 1999 has notified that no further purchases of shares of M/s. Seirra Optima Ltd., should made by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIO) under the portfolio investment scheme. The Reserve Bank has stated that M/s. Seirra Optima Ltd., has reached the overall ceiling of ten per cent of its paid up equity capital.Rumpambara Padhi ManagerPress Release : 1999-2000/83

The Reserve Bank of India on July 16, 1999 has notified that no further purchases of shares of M/s. Seirra Optima Ltd., should made by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIO) under the portfolio investment scheme. The Reserve Bank has stated that M/s. Seirra Optima Ltd., has reached the overall ceiling of ten per cent of its paid up equity capital.Rumpambara Padhi ManagerPress Release : 1999-2000/83

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Jul 15, 1999

RBI Reference Rate for US $

July 15, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.27 on 15.7.1999 as against Rs.43.24 on 14.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 15, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.27 on 15.7.1999 as against Rs.43.24 on 14.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 15, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.27 on 15.7.1999 as against Rs.43.24 on 14.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 15, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.27 on 15.7.1999 as against Rs.43.24 on 14.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 15, 1999

Reserve Bank of India - Foreign Exchange Data from 28/06/1999 to 02/07/1999

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 28/06/199927978 53 2 1911436722 84 36529459 29/06/199930553 94 4 2710463848 17 17615924 30/06/199916027 5 2 1013276365 34 2231356 01/07/199917337 6 20 3119348721 120 32511662 02/07/199915748 29 3 2715315660 40 20417013 SALES 28/06/1999353122 30 2 1815396723 102 39728261 29/06/

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 28/06/199927978 53 2 1911436722 84 36529459 29/06/199930553 94 4 2710463848 17 17615924 30/06/199916027 5 2 1013276365 34 2231356 01/07/199917337 6 20 3119348721 120 32511662 02/07/199915748 29 3 2715315660 40 20417013 SALES 28/06/1999353122 30 2 1815396723 102 39728261 29/06/

Reserve Bank of India - Foreign Exchange Data from 28/06/1999 to 02/07/1999

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 28/06/199927978 53 2 1911436722 84 36529459 29/06/199930553 94 4 2710463848 17 17615924 30/06/199916027 5 2 1013276365 34 2231356 01/07/199917337 6 20 3119348721 120 32511662 02/07/199915748 29 3 2715315660 40 20417013 SALES 28/06/1999353122 30 2 1815396723 102 39728261 29/06/

All Figures Are in USD MillionsPURCHASES MERCHANT INTER BANKPosition FCY/INR FCY/FCYFCY/INRFCY/FCYDateSPOTFORWARDFORWARDSPOTFORWARDFORWARDSPOTSWAPFORWARDSPOTSWAPFORWARD CANCELLATION CANCELLATION 28/06/199927978 53 2 1911436722 84 36529459 29/06/199930553 94 4 2710463848 17 17615924 30/06/199916027 5 2 1013276365 34 2231356 01/07/199917337 6 20 3119348721 120 32511662 02/07/199915748 29 3 2715315660 40 20417013 SALES 28/06/1999353122 30 2 1815396723 102 39728261 29/06/

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Jul 14, 1999

RBI Reference Rate for US $

July 14, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.24 on 14.7.1999 as against Rs.43.23 on 13.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 14, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.24 on 14.7.1999 as against Rs.43.23 on 13.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 14, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.24 on 14.7.1999 as against Rs.43.23 on 13.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 14, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.24 on 14.7.1999 as against Rs.43.23 on 13.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 13, 1999

RBI Reference Rate for US $

July 13, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.23 on 13.7.1999 as against Rs.43.24 on 12.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 13, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.23 on 13.7.1999 as against Rs.43.24 on 12.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

RBI Reference Rate for US $

July 13, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.23 on 13.7.1999 as against Rs.43.24 on 12.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

July 13, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.23 on 13.7.1999 as against Rs.43.24 on 12.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 1

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Jul 12, 1999

RBI Reference Rate for US $

July 12, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.24 on 12.7.1999 as against Rs.43.39 on 9.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 10

July 12, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.24 on 12.7.1999 as against Rs.43.39 on 9.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 10

RBI Reference Rate for US $

July 12, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.24 on 12.7.1999 as against Rs.43.39 on 9.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 10

July 12, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.24 on 12.7.1999 as against Rs.43.39 on 9.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 10

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Jul 12, 1999

Investment by Foreign Institutional Investors

The Reserve Bank of India on July 12, 1999 has notified that no further purchases of shares of M/s. Satyam Computer Services Ltd., should be made on behalf of Foreign Institutional Investors (FIIs). The Reserve Bank has stated that M/s. Satyam Computer Services Ltd., has reached the overall ceiling of 30 per cent of its paid up capital. Chhaya Raje ManagerPress Release : 1999-2000/59 Monitoring of Investments in Companies FII Investment NRIs/OCBs/PIOs Investment Not a

The Reserve Bank of India on July 12, 1999 has notified that no further purchases of shares of M/s. Satyam Computer Services Ltd., should be made on behalf of Foreign Institutional Investors (FIIs). The Reserve Bank has stated that M/s. Satyam Computer Services Ltd., has reached the overall ceiling of 30 per cent of its paid up capital. Chhaya Raje ManagerPress Release : 1999-2000/59 Monitoring of Investments in Companies FII Investment NRIs/OCBs/PIOs Investment Not a

Investment by Foreign Institutional Investors

The Reserve Bank of India on July 12, 1999 has notified that no further purchases of shares of M/s. Satyam Computer Services Ltd., should be made on behalf of Foreign Institutional Investors (FIIs). The Reserve Bank has stated that M/s. Satyam Computer Services Ltd., has reached the overall ceiling of 30 per cent of its paid up capital. Chhaya Raje ManagerPress Release : 1999-2000/59 Monitoring of Investments in Companies FII Investment NRIs/OCBs/PIOs Investment Not a

The Reserve Bank of India on July 12, 1999 has notified that no further purchases of shares of M/s. Satyam Computer Services Ltd., should be made on behalf of Foreign Institutional Investors (FIIs). The Reserve Bank has stated that M/s. Satyam Computer Services Ltd., has reached the overall ceiling of 30 per cent of its paid up capital. Chhaya Raje ManagerPress Release : 1999-2000/59 Monitoring of Investments in Companies FII Investment NRIs/OCBs/PIOs Investment Not a

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Jul 09, 1999

RBI Reference Rate for US $

July 9, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.39 on 9.7.1999 as against Rs.43.36 on 8.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 100

July 9, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.39 on 9.7.1999 as against Rs.43.36 on 8.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 100

RBI Reference Rate for US $

July 9, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.39 on 9.7.1999 as against Rs.43.36 on 8.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 100

July 9, 1999 The Reserve Bank of Indias Reference Rate for the US dollar is Rs.43.39 on 9.7.1999 as against Rs.43.36 on 8.7.1999. 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, EURO and Yen against Rs.100 are : Date Currency per Rs. 100

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