Table 29 : Exchange Rate of the Rupee (End of Period)
 
Indicative Jun-99 Jul-99 Aug-99 Sep-99 Oct-99 Nov-99 Dec-99 Jan-00 Feb-00
Selling Rates                  
                   
                   
Australian dollar 16.830 16.590 16.260 16.660 16.480 16.350 16.740 16.480 15.920
Belgian franc(100) 65.004 67.533 66.190 67.096 66.735 64.059 64.020 62.644 62.106
French franc 3.998 4.152 4.070 4.126 4.092 3.940 3.937 3.852 3.819
Deutsche mark 13.403 13.925 13.651 13.837 13.722 13.213 13.203 12.921 12.809
Hongkong dollar 3.310 3.320 3.320 3.310 3.320 3.330 3.340 3.350 3.350
Indian rupee(100) 59.000 60.000 59.000 59.000 59.000 60.000 60.000 60.000 60.000
Italian lira(1000) 13.541 14.065 13.788 13.979 13.861 13.345 13.337 13.050 12.938
Japanese yen(100) 21.100 22.110 23.030 23.890 24.340 25.160 25.180 24.150 23.420
Kenya shilling(100) 35.310 34.700 34.270 33.440 34.350 34.740 35.590 35.930 35.640
New Zealand dollar 13.520 13.480 13.170 13.230 13.090 13.140 13.370 12.790 12.580
Singapore dollar 15.120 15.260 15.300 15.130 15.450 15.390 15.580 15.280 15.230
South African rand 4.270 4.180 4.240 4.290 4.200 4.190 4.220 4.110 4.110
Swiss franc 16.390 17.080 16.680 16.920 16.730 16.120 16.080 15.700 15.060
US dollar 25.389 25.416 25.437 25.431 25.492 25.568 25.625 25.731 25.784
Pound sterling 39.970 40.993 40.456 41.782 41.729 40.982 41.472 41.682 41.163
Euro1 26.224 27.239 26.697 27.065 26.836 25.841 25.825 25.269 25.054
                   
1 Effective 1 January 1999, the Euro (EUR) was introduced replacing its precursor, the ECU, on a one-to-one basis.
Note:
  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.