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$)
January 2001
Week  I	0.00	0.94	0.94	26.19	27.9650 - 27.9700
Week  II	0.00	0.00	0.00	0.00	27.9700 - 27.9800
Week III	0.20	0.49	0.69	19.28	27.9775 - 27.9800
Week IV	0.00	2.11	2.11	59.12	27.9875 - 27.9950
Week V	0.00	0.00	0.00	0.00	28.0100 - 28.0500
Jan-00	3.60	5.89	9.49	241.46	25.4000 - 25.5375
Feb-00	0.00	1.14	1.19	30.41	25.4875 - 25.6075
Mar-00	1.40	0.19	1.59	40.71	25.5325 - 25.6150
Apr-00	0.60	0.63	1.23	31.46	25.5300 - 25.6500
May-00	0.00	1.95	1.95	50.15	25.6425 - 25.9000
Jun-00	0.00	0.004	0.004	0.11	25.8500 - 26.0625
Jul-00	2.60	0.27	2.87	75.01	26.0650 - 26.1525
Aug-00	0.00	1.35	1.35	35.45	26.1050 - 26.2675
Sep-00	0.00	1.15	1.15	30.19	26.2725 - 26.3375
Oct-00	0.00	0.002	0.002	0.06	26.3400 - 27.3200
Nov-00	0.00	1.64	1.64	45.43	27.3200 - 27.8875
Dec-00	0.00	1.83	1.83	57.29	27.9700 - 28.0125
Jan-01	0.20	3.54	3.74	104.59	27.9650 - 28.0500
1 With effect from 23-Oct-00, the Rs/US$ ask rate is based on the average of daily wholesale Rs/US$ ask rates of four major commercial banks.