Table 28: 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$)
June 2001
Week  I	0.00	0.00	0.00	0.00	28.9400
Week  II	0.00	0.00	0.00	0.00	28.9500 - 28.9725
Week III	0.00	0.00	0.00	0.00	28.9725 - 29.1250
Week IV	0.01	0.42	0.43	12.55	29.1250 - 29.2125
Week V	0.00	0.11	0.11	3.08	29.2075 - 29.2925
Jun-00	0.00	0.004	0.004	0.11	25.8500 - 26.0625
Jul-00	2.60	0.27	2.87	75.01	26.0650 - 26.1525
Aug-00	0.00	1.35	1.35	35.45	26.1050 - 26.2675
Sep-00	0.00	1.15	1.15	30.19	26.2725 - 26.3375
Oct-00	0.00	0.002	0.002	0.06	26.3400 - 27.3200
Nov-00	0.00	1.64	1.64	45.43	27.3200 - 27.8875
Dec-00	0.00	1.83	1.83	57.29	27.9700 - 28.0125
Jan-01	0.20	3.54	3.74	104.59	27.9650 - 28.0500
Feb-01	0.00	0.56	0.56	15.69	28.0375 - 28.2700
Mar-01	1.40	0.00	1.40	39.58	28.2525 - 28.3425
Apr-01	0.00	0.58	0.58	16.48	28.3450 - 28.5700
May-01	0.00	0.36	0.36	10.50	28.5700 - 28.9100
Jun-01	0.00	0.53	0.54	15.63	28.9400 - 29.2925
1 With effect from 23-Oct-00, the Rs/US$ ask rate is based on the average of daily wholesale Rs/US$ ask rates of four major commercial banks.