| 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$) | |||
| March 2001 | |||||||
| Week I | 0.50 | 0.00 | 0.50 | 14.14 | 28.2700 - 28.2825 | ||
| Week II | 0.70 | 0.00 | 0.70 | 19.78 | 28.2525 - 28.2700 | ||
| Week III | 0.00 | 0.00 | 0.00 | 0.00 | 28.2625 - 28.3025 | ||
| Week IV | 0.20 | 0.00 | 0.20 | 5.66 | 28.2775 - 28.3125 | ||
| Week V | 0.00 | 0.00 | 0.00 | 0.00 | 28.3075 - 28.3425 | ||
| Mar-00 | 1.40 | 0.19 | 1.59 | 40.71 | 25.5325 - 25.6150 | ||
| Apr-00 | 0.60 | 0.63 | 1.23 | 31.46 | 25.5300 - 25.6500 | ||
| May-00 | 0.00 | 1.95 | 1.95 | 50.15 | 25.6425 - 25.9000 | ||
| Jun-00 | 0.00 | 0.004 | 0.004 | 0.11 | 25.8500 - 26.0625 | ||
| Jul-00 | 2.60 | 0.27 | 2.87 | 75.01 | 26.0650 - 26.1525 | ||
| Aug-00 | 0.00 | 1.35 | 1.35 | 35.45 | 26.1050 - 26.2675 | ||
| Sep-00 | 0.00 | 1.15 | 1.15 | 30.19 | 26.2725 - 26.3375 | ||
| Oct-00 | 0.00 | 0.002 | 0.002 | 0.06 | 26.3400 - 27.3200 | ||
| Nov-00 | 0.00 | 1.64 | 1.64 | 45.43 | 27.3200 - 27.8875 | ||
| Dec-00 | 0.00 | 1.83 | 1.83 | 57.29 | 27.9700 - 28.0125 | ||
| Jan-01 | 0.20 | 3.54 | 3.74 | 104.59 | 27.9650 - 28.0500 | ||
| Feb-01 | 0.00 | 0.56 | 0.56 | 15.69 | 28.0375 - 28.2700 | ||
| Mar-01 | 1.40 | 0.00 | 1.40 | 39.58 | 28.2525 - 28.3425 | ||
| 1 With effect from 23-Oct-00, the Rs/US$ ask rate is based on the average of daily wholesale Rs/US$ ask rates of four major commercial banks. | |||||||