| 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$) | ||
| January 2000 | ||||||
| Week I | 0.80 | 0.51 | 1.31 | 33.30 | 25.4000 - 25.4200 | |
| Week II | 2.00 | 1.25 | 3.25 | 82.74 | 25.4225 - 25.4325 | |
| Week III | 0.80 | 3.09 | 3.89 | 99.13 | 25.4500 - 25.4600 | |
| Week IV | 0.00 | 1.02 | 1.02 | 25.89 | 25.4700 - 25.5175 | |
| Week V | 0.00 | 0.02 | 0.02 | 0.40 | 25.5375 | |
| May-99 | 0.58 | 1.80 | 2.38 | 59.66 | 25.0550 - 25.1725 | |
| Jun-99 | 2.60 | 0.85 | 4.08 | 103.40 | 25.1450 - 25.2100 | |
| Jul-99 | 0.15 | 0.10 | 0.27 | 6.91 | 25.2100 - 25.2550 | |
| Aug-99 | 6.38 | 1.18 | 7.56 | 190.75 | 25.2125 - 25.2575 | |
| Sep-99 | 4.75 | 1.05 | 5.98 | 151.55 | 25.2200 - 25.2825 | |
| Oct-99 | 2.70 | 3.96 | 6.98 | 176.66 | 25.2400 - 25.3050 | |
| Nov-99 | 4.80 | 0.53 | 5.33 | 134.49 | 25.3025 - 25.3800 | |
| Dec-99 | 5.40 | 2.37 | 7.79 | 198.08 | 25.3800 - 25.4300 | |
| Jan-00 | 3.60 | 5.89 | 9.49 | 241.46 | 25.4000 - 25.5375 | |
| 1 With effect from 1-Oct-98, the Rs/US$ ask rate is based on the average of daily Rs/US$ ask rates of four major commercial banks. | ||||||