| Table 28 : Exchange Rate of the Rupee (End of Period) | ||||||||||
| Indicative | Sep-98 | Oct-98 | Nov-98 | Dec-98 | Jan-99 | Feb-99 | Mar-99 | Apr-99 | May-99 | |
| Selling Rates | ||||||||||
| Australian dollar | 14.750 | 15.680 | 15.860 | 15.400 | 15.790 | 15.740 | 15.950 | 16.710 | 16.500 | |
| Belgian franc(100) | 72.400 | 73.350 | 70.910 | 72.500 | 70.940 | 68.578 | 67.217 | 66.599 | 65.772 | |
| China yuan | 3.010 | 3.050 | 3.070 | 3.050 | 3.070 | 3.080 | 3.090 | 3.090 | 3.100 | |
| French franc | 4.386 | 4.508 | 4.359 | 4.427 | 4.362 | 4.216 | 4.134 | 4.094 | 4.045 | |
| Deutsche mark | 14.710 | 15.120 | 14.630 | 14.860 | 14.627 | 14.145 | 13.864 | 13.731 | 13.565 | |
| Hongkong dollar | 3.220 | 3.260 | 3.270 | 3.260 | 3.280 | 3.290 | 3.300 | 3.300 | 3.310 | |
| Indian rupee(100) | 59.000 | 60.000 | 59.000 | 59.000 | 60.000 | 60.000 | 60.000 | 60.000 | 60.000 | |
| Italian lira(1000) | 15.100 | 15.320 | 14.770 | 14.990 | 14.771 | 14.285 | 13.997 | 13.872 | 13.685 | |
| Japanese yen(100) | 18.260 | 21.670 | 20.290 | 21.800 | 21.620 | 20.890 | 21.100 | 21.250 | 20.940 | |
| Kenya shilling(100) | 41.620 | 42.400 | 42.230 | 40.970 | 41.160 | 39.940 | 39.460 | 37.800 | 36.470 | |
| New Zealand dollar | 12.430 | 13.300 | 13.260 | 13.200 | 13.490 | 13.290 | 13.500 | 14.160 | 13.620 | |
| Singapore dollar | 14.810 | 15.600 | 15.310 | 15.220 | 15.020 | 14.760 | 14.800 | 15.050 | 14.870 | |
| South African rand | 4.290 | 4.430 | 4.450 | 4.310 | 4.220 | 4.130 | 4.140 | 4.230 | 4.110 | |
| Swiss franc | 17.730 | 18.610 | 17.720 | 18.060 | 17.780 | 17.410 | 16.990 | 16.700 | 16.660 | |
| US dollar | 24.627 | 24.979 | 24.999 | 24.940 | 25.061 | 25.157 | 25.291 | 25.269 | 25.356 | |
| Pound sterling | 42.020 | 41.902 | 41.245 | 41.504 | 41.206 | 40.257 | 40.715 | 40.678 | 40.585 | |
| Euro* | 29.100 | 29.800 | 28.780 | 29.170 | 28.613 | 27.663 | 27.114 | 26.866 | 26.534 | |
| *: Effective 1 January 1999, the Euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis. | ||||||||||
| Notes: | ||||||||||
| (i) With effect from 8 September 1998, there are no dealings for the Malaysian ringgit on account of its | ||||||||||
| withdrawal from the international financial system. | ||||||||||
| (ii) With effect from October 1998, the end-of-period exchange rate of the rupee is based on the average end-of-period | ||||||||||
| selling rates for T.T.& D.D. of all commercial banks. | ||||||||||