Page 62 - May 2017

Table 54d: Exchange Rate of the Rupee vis-à-vis Major Trading Partner Currencies:
May 2016 and May 2017

Indicative Average for Average for Appreciation/
Selling Rates 12 Months 12 Months (Depreciation)
ended May 2016 ended May 2017
of Rupee
[1] [2] between [1] & [2]

Per cent

Australian dollar 26.7856 27.4461 (2.4)
Hong Kong dollar 4.6883 4.7064 (0.4)
Indian rupee (100) 55.4508 55.0146 0.8
Japanese yen (100) 30.8229 33.6905 (8.5)
Kenya shilling (100) 35.9119 35.7994 0.3
New Zealand dollar 24.2896 25.9609 (6.4)
Singapore dollar 26.2512 26.3419 (0.3)
South African rand 2.5877 2.6605 (2.7)
Swiss franc 37.2321 36.7899 1.2
US dollar 36.1859 36.3416 (0.4)
Pound sterling 54.1241 46.5673 16.2
Euro 40.1665 39.6245 1.4

Notes: (i) [1] is calculated on the basis of the daily average exchange rates for the period June 2015 to May 2016.
[2] is calculated on the basis of the daily average exchange rates for the period June 2016 to May 2017.

(ii) The daily average exchange rate of the Rupee is based on the average indicative selling rates for T.T. & D.D. of banks.
(iii) The appreciation/depreciation of the Rupee is calculated as follows:

(Previous period exchange rate - Current period exchange rate) ÷ Current period exchange rate.

Source: Financial Markets Operations Division.