Table 32: Exchange Rate of the Rupee vis-à-vis Major Trading Partner Currencies
Indicative	Average for	Average for	Appreciation/
Selling Rates	12 Months	12 Months	(Depreciation)
	ended June - 00	ended June - 01	of Rupee
	[1]	[2]	Between [1] & [2]
			Per Cent
Australian dollar	16.1827	14.9535	8.2
Belgian franc (100)	63.7913	61.3976	3.9
French franc	3.9226	3.7746	3.9
Deutsche mark	13.1558	12.6594	3.9
Hong Kong dollar	3.3419	3.5970	(7.1)
Indian rupee (100)	59.8000	60.9061	(1.8)
Italian lira (1000)	13.2887	12.7861	3.9
Japanese yen (100)	23.8813	24.3336	(1.9)
Kenya shilling (100)	35.1325	36.0084	(2.4)
New Zealand dollar	12.9592	11.8064	9.8
Singapore dollar	15.3296	15.9325	(3.8)
South African rand	4.1068	3.6942	11.2
Swiss franc	16.1356	16.1814	(0.3)
US dollar	25.6690	27.7390	(7.5)
Pound sterling	40.8352	40.2372	1.5
Euro1	25.7311	24.7595	3.9
1 Effective 1 January 1999, the euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.
Notes:
(i)  [1] is calculated on the basis of the monthly average exchange rates for the period July 1999 to June 2000.
[2] is calculated on the basis of the monthly average exchange rates for the period July 2000 to June 2001.
(ii)  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.
(iii)  The appreciation/depreciation of the Rupee is calculated as follows:
(Previous period exchange rate - Current period exchange rate) ÷ Current period exchange rate.