Table 29 : Exchange Rate of the Rupee (Period Average)

Table 29 : Exchange Rate of the Rupee (Period Average)


Indicative	Dec-98	Jan-99	Feb-99	Mar-99	Apr-99	May-99	Jun-99	Jul-99	Aug-99
Selling Rates


Australian dollar	15.473	15.795	16.093	15.134	16.248	16.006	16.693	16.786	16.446
Belgian franc(100)	72.392	71.863	69.837	64.659	67.104	63.552	65.343	65.277	66.896
China yuan	3.051	3.055	3.072	2.929	3.089	2.945	-	-	-
French franc	4.449	4.419	4.294	4.183	4.126	4.100	4.018	4.014	4.113
Deutsche mark	14.925	14.819	14.402	14.028	13.838	13.751	13.475	13.462	13.793
Hongkong dollar	3.258	3.264	3.281	3.297	3.300	3.302	3.310	3.320	3.315
Indian rupee(100)	59.000	59.579	60.000	60.050	59.955	60.000	59.818	59.955	59.818
Italian lira(1000)	15.071	14.954	14.546	14.167	13.970	13.888	13.622	13.586	13.933
Japanese yen(100)	21.281	22.132	21.616	21.145	21.160	20.811	21.062	21.306	22.484
Kenya shilling(100)	40.996	41.002	40.781	39.946	39.035	37.261	35.057	35.284	34.614
New Zealand dollar	13.069	13.487	13.707	13.451	13.739	14.020	13.557	13.439	13.421
Singapore dollar	15.272	15.074	14.956	14.771	14.926	14.961	15.017	15.186	15.334
South African rand	4.293	4.235	4.172	4.117	4.187	4.150	4.224	4.223	4.203
Swiss franc	18.335	18.057	17.615	17.208	16.905	16.782	16.531	16.420	16.833
US dollar	24.917	24.970	25.093	25.218	25.259	25.286	25.375	25.434	25.420
Pound sterling	41.595	41.161	40.876	40.814	40.621	40.796	40.471	40.009	40.805
Euro¹	29.316	28.987	28.171	27.439	27.066	26.899	26.360	26.332	26.980

¹ Effective 1 January 1999, the Euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.
Notes:
(i) With effect from October 1998, the daily average exchange rate of the rupee is based on the average selling rates
for T.T.& D.D. of all commercial banks.
(ii) With effect from 10 June 1999, there are no dealings for the China yuan.