| Table 29 : Exchange Rate of the Rupee (Period Average) | ||||||||||
| Indicative | Sep-98 | Oct-98 | Nov-98 | Dec-98 | Jan-99 | Feb-99 | Mar-99 | Apr-99 | May-99 | |
| Selling Rates | ||||||||||
| Australian dollar | 14.531 | 15.351 | 15.888 | 15.473 | 15.795 | 16.093 | 15.134 | 16.248 | 16.006 | |
| Belgian franc(100) | 70.991 | 73.385 | 72.120 | 72.392 | 71.863 | 69.837 | 64.659 | 67.104 | 63.552 | |
| China yuan | 3.011 | 3.032 | 3.064 | 3.051 | 3.055 | 3.072 | 2.929 | 3.089 | 2.945 | |
| French franc | 4.300 | 4.505 | 4.434 | 4.449 | 4.419 | 4.294 | 4.183 | 4.126 | 4.100 | |
| Deutsche mark | 14.421 | 15.107 | 14.870 | 14.925 | 14.819 | 14.402 | 14.028 | 13.838 | 13.751 | |
| Hongkong dollar | 3.218 | 3.241 | 3.268 | 3.258 | 3.264 | 3.281 | 3.297 | 3.300 | 3.302 | |
| Indian rupee(100) | 58.818 | 59.333 | 59.810 | 59.000 | 59.579 | 60.000 | 60.050 | 59.955 | 60.000 | |
| Italian lira(1000) | 14.818 | 15.298 | 15.033 | 15.071 | 14.954 | 14.546 | 14.167 | 13.970 | 13.888 | |
| Japanese yen(100) | 18.351 | 20.504 | 20.831 | 21.281 | 22.132 | 21.616 | 21.145 | 21.160 | 20.811 | |
| Kenya shilling(100) | 41.669 | 42.009 | 42.507 | 40.996 | 41.002 | 40.781 | 39.946 | 39.035 | 37.261 | |
| New Zealand dollar | 12.461 | 12.979 | 13.380 | 13.069 | 13.487 | 13.707 | 13.451 | 13.739 | 14.020 | |
| Singapore dollar | 14.451 | 15.317 | 15.445 | 15.272 | 15.074 | 14.956 | 14.771 | 14.926 | 14.961 | |
| South African rand | 4.089 | 4.345 | 4.499 | 4.293 | 4.235 | 4.172 | 4.117 | 4.187 | 4.150 | |
| Swiss franc | 17.515 | 18.525 | 18.061 | 18.335 | 18.057 | 17.615 | 17.208 | 16.905 | 16.782 | |
| US dollar | 24.614 | 24.791 | 24.984 | 24.917 | 24.970 | 25.093 | 25.218 | 25.259 | 25.286 | |
| Pound sterling | 41.310 | 41.953 | 41.494 | 41.595 | 41.161 | 40.876 | 40.814 | 40.621 | 40.796 | |
| Euro* | 28.504 | 29.764 | 29.256 | 29.316 | 28.987 | 28.171 | 27.439 | 27.066 | 26.899 | |
| *: 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 daily average exchange rate of the rupee is based on the average selling rates | ||||||||||
| for T.T.& D.D. of all commercial banks. | ||||||||||