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Table 30 : Transactions on the Interbank Foreign Exchange Market |
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Weekly |
Purchase of |
Purchase of |
Total Purchases |
Opening |
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Position |
US$ against |
US$ against |
US$ |
Rupee |
Interbank |
|
(Transaction |
Rupee |
Other Foreign |
Equivalent |
Equivalent |
Min-Max |
|
days only) |
|
Currencies |
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|
Ask Rate* |
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|
(US$ million) |
(US$ million) |
(US$ million) |
(Rs million) |
(Rs/US$) |
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April 1999 |
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Week I |
0.00 |
0.02 |
0.02 |
0.40 |
25.0550-25.0775 |
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Week II |
0.00 |
0.40 |
0.40 |
9.80 |
25.0550-25.0675 |
|
Week III |
0.05 |
0.45 |
0.50 |
12.70 |
25.0225-25.0675 |
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Week IV |
0.10 |
0.20 |
0.30 |
6.60 |
25.0700-25.0900 |
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Week V |
0.00 |
2.10 |
2.10 |
53.10 |
25.0750-25.0775 |
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Aug-98 |
0.10 |
2.60 |
3.10 |
73.30 |
24.3250 - 24.5300 |
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Sep-98 |
0.40 |
2.80 |
3.60 |
88.90 |
24.3200 - 24.5000 |
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Oct-98 |
0.20 |
3.40 |
4.10 |
100.10 |
24.4225 - 24.8000 |
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Nov-98 |
1.00 |
6.40 |
7.90 |
192.50 |
24.7400 - 24.8500 |
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Dec-98 |
7.10 |
5.40 |
12.80 |
315.90 |
24.6475 - 24.7800 |
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Jan-99 |
2.20 |
4.00 |
6.20 |
154.60 |
24.6150 - 24.8650 |
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Feb-99 |
6.70 |
2.60 |
9.90 |
247.90 |
24.8625 - 24.9650 |
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Mar-99 |
2.20 |
4.80 |
6.90 |
174.90 |
24.9650 - 25.0350 |
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Apr-99 |
0.15 |
3.17 |
3.32 |
82.60 |
25.0225 - 25.0900 |
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*: With effect from 1-Oct-98, the Rs/US$ ask rate is based on the average of daily Rs/US$ ask rates of four major commercial banks. |
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Table 30 : Transactions on the Interbank Foreign Exchange Market |
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Weekly |
Purchase of |
Purchase of |
Total Purchases |
Opening |
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Position |
US$ against |
US$ against |
US$ |
Rupee |
Interbank |
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(Transaction |
Rupee |
Other Foreign |
Equivalent |
Equivalent |
Min-Max |
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days only) |
|
Currencies |
|
|
Ask Rate* |
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|
(US$ million) |
(US$ million) |
(US$ million) |
(Rs million) |
(Rs/US$) |
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April 1999 |
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Week I |
0.00 |
0.02 |
0.02 |
0.40 |
25.0550-25.0775 |
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Week II |
0.00 |
0.40 |
0.40 |
9.80 |
25.0550-25.0675 |
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Week III |
0.05 |
0.45 |
0.50 |
12.70 |
25.0225-25.0675 |
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Week IV |
0.10 |
0.20 |
0.30 |
6.60 |
25.0700-25.0900 |
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Week V |
0.00 |
2.10 |
2.10 |
53.10 |
25.0750-25.0775 |
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Aug-98 |
0.10 |
2.60 |
3.10 |
73.30 |
24.3250 - 24.5300 |
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Sep-98 |
0.40 |
2.80 |
3.60 |
88.90 |
24.3200 - 24.5000 |
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Oct-98 |
0.20 |
3.40 |
4.10 |
100.10 |
24.4225 - 24.8000 |
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Nov-98 |
1.00 |
6.40 |
7.90 |
192.50 |
24.7400 - 24.8500 |
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Dec-98 |
7.10 |
5.40 |
12.80 |
315.90 |
24.6475 - 24.7800 |
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Jan-99 |
2.20 |
4.00 |
6.20 |
154.60 |
24.6150 - 24.8650 |
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Feb-99 |
6.70 |
2.60 |
9.90 |
247.90 |
24.8625 - 24.9650 |
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Mar-99 |
2.20 |
4.80 |
6.90 |
174.90 |
24.9650 - 25.0350 |
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Apr-99 |
0.15 |
3.17 |
3.32 |
82.60 |
25.0225 - 25.0900 |
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*: With effect from 1-Oct-98, the Rs/US$ ask rate is based on the average of daily Rs/US$ ask rates of four major commercial banks. |
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Last Updated on 5/19/99
By bom