Press Releases - ربی - Reserve Bank of India

October 30, 1998 The Reserve Bank of India’s Reference Rate for the US dollar today is Rs.42.37 on 30.10.1998 as against Rs.42.29 on 29.10.1998. 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

October 29, 1998 The Reserve Bank of India’s Reference Rate for the US dollar today is Rs.42.29 on 29.10.1998 as against Rs.42.27 on 28.10.1998. 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

October 28, 1998 The Reserve Bank of India’s Reference Rate for the US dollar today is Rs.42.27 on 28.10.1998 as against Rs.42.26 on 27.10.1998. 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

October 27, 1998 The Reserve Bank of India’s Reference Rate for the US dollar today is Rs.42.26 on 27.10.1998 as against Rs.42.27 on 26.10.1998. 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

October 26, 1998 The Reserve Bank of India’s Reference Rate for the US dollar today is Rs.42.27 on 26.10.1998 as against Rs.42.29 on 23.10.1998. 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

All Figures Are in USD Millions PURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCY Date SPOT FORWARD FORWARD CANCELLATION SPOT FORWARD FORWARD CANCELLATION SPOT SWAP FORWARD SPOT SWAP FORWARD 12/10/1998 201 78 21 37 167 86 342 298 38 1009 258 20 13/10/1998 145 72 28 84 143 78 347 515 61 1018 261 32 14/10/1998 217 51 31 106 76 132 379 437 81 1051 292 19 15/10/1998 230 81 139 88 145 116 470 671 125 1147 196 25 16/10/1998 222 64 53 52 208 97 383 588 1

October 23, 1998 The Reserve Bank of India’s Reference Rate for the US dollar today is Rs.42.29 on 23.10.1998 as against Rs.42.30 on 20.10.1998. 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

October 20, 1998 The Reserve Bank of India’s Reference Rate for the US dollar today is Rs.42.30 on 20.10.1998 as against Rs.42.30 on 16.10.1998. 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

All Figures Are in USD Millions PURCHASES MERCHANT INTER BANK Position FCY/INR FCY/FCY FCY/INR FCY/FCY Date SPOT FORWARD FORWARD CANCELLATION SPOT FORWARD FORWARD CANCELLATION SPOT SWAP FORWARD SPOT SWAP FORWARD 28/09/1998 340 71 80 176 109 193 371 629 128 1193 281 52 29/09/1998 179 66 96 234 86 221 317 480 125 1063 226 50 05/10/1998 357 51 61 34 149 50 811 651 80 985 283 107 06/10/1998 295 65 29 102 94 109 564 741 73 1081 154 86 07/10/1998 257 61 32 190 100 243 946 8

October 16, 1998 The Reserve Bank of India’s Reference Rate for the US dollar today is Rs.42.30 on 16.10.1998 as against Rs.42.29 on 15.10.1998. 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