Table 30 : Exchange Rate of the Rupee (Period Average)
Indicative	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99	Nov-99	Dec-99	Jan-00	Feb-00
Selling Rates
Australian dollar	16.693	16.786	16.446	16.545	16.636	16.378	16.424	16.902	16.247
Belgian franc(100)	65.343	65.277	66.896	66.260	67.645	65.449	64.238	64.595	62.819
French franc	4.018	4.014	4.113	4.074	4.159	4.025	3.952	3.972	3.863
Deutsche mark	13.475	13.462	13.793	13.664	13.948	13.499	13.252	13.322	12.956
Hongkong dollar	3.310	3.320	3.315	3.316	3.318	3.322	3.334	3.337	3.351
Indian rupee(100)	59.818	59.955	59.818	59.000	59.000	59.810	60.000	60.000	60.000
Italian lira(1000)	13.622	13.586	13.933	13.801	14.089	13.635	13.386	13.457	13.088
Japanese yen(100)	21.062	21.306	22.484	23.786	24.063	24.418	25.016	24.457	23.611
Kenya shilling(100)	35.057	35.284	34.614	34.049	34.148	34.598	35.081	36.665	35.713
New Zealand dollar	13.557	13.439	13.421	13.324	13.141	13.130	13.057	13.223	12.701
Singapore dollar	15.017	15.186	15.334	15.186	15.374	15.469	15.477	15.513	15.338
South African rand	4.224	4.223	4.203	4.258	4.231	4.213	4.219	4.245	4.135
Swiss franc	16.531	16.420	16.833	16.627	17.119	16.447	16.191	16.179	15.741
US dollar	25.375	25.434	25.420	25.438	25.446	25.521	25.597	25.641	25.748
Pound sterling	40.471	40.009	40.805	41.247	42.148	41.356	41.265	42.015	41.235
Euro1	26.360	26.332	26.980	26.725	27.280	26.398	25.918	26.056	25.341
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 daily average exchange rate of the rupee is based on the average selling rates
for T.T.& D.D. of all commercial banks.