Table 27 : Transactions on the Interbank Foreign Exchange Market
Weekly	Purchase of	Purchase of	Total Purchases		Opening
Position	US$ against	US$ against	US$	Rupee	Interbank
(Transaction	Rupee	Other Foreign	Equivalent	Equivalent	Min-Max
days only)		Currencies			Ask Rate1
	(US$ million)	(US$ million)	(US$ million)	(Rs million)	(Rs/US$)
December 1999
Week  I	1.55	0.77	2.34	59.48	25.4100 - 25.4300
Week  II	0.30	0.25	0.55	13.90	25.4300 - 25.4100
Week III	2.10	1.05	3.15	80.19	25.4000 - 25.4275
Week IV	0.20	0.21	0.41	10.48	25.3875 - 25.4200
Week V	1.25	0.09	1.34	34.03	25.3800 - 25.4200
Apr-99	0.15	3.17	3.32	82.60	25.0225 - 25.0900
May-99	0.58	1.80	2.38	59.66	25.0550 - 25.1725
Jun-99	2.60	0.85	4.08	103.40	25.1450 - 25.2100
Jul-99	0.15	0.10	0.27	6.91	25.2100 - 25.2550
Aug-99	6.38	1.18	7.56	190.75	25.2125 - 25.2575
Sep-99	4.75	1.05	5.98	151.55	25.2200 - 25.2825
Oct-99	2.70	3.96	6.98	176.66	25.2400 - 25.3050
Nov-99	4.80	0.53	5.33	134.49	25.3025 - 25.3800
Dec-99	5.40	2.37	7.79	198.08	25.3800 - 25.4300
1 With effect from 1-Oct-98, the Rs/US$ ask rate is based on the average of daily Rs/US$ ask rates of four major commercial banks.