| Table 26 : 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 Rate* | ||||||
| (US$ million) | (US$ million) | (US$ million) | (Rs million) | (Rs/US$) | ||||
| July 1999 | ||||||||
| Week I | 0.00 | 0.02 | 0.02 | 4.10 | 25.2175 - 25.2500 | |||
| Week II | 0.00 | 0.01 | 0.03 | 0.76 | 25.2400 - 25.2500 | |||
| Week III | 0.00 | 0.03 | 0.03 | 0.80 | 25.2425 - 25.2550 | |||
| Week IV | 0.00 | 0.03 | 0.03 | 0.82 | 25.2100 - 25.2500 | |||
| Week V | 0.15 | 0.01 | 0.16 | 0.43 | 25.2275 - 25.2550 | |||
| Nov-98 | 1.00 | 6.40 | 7.90 | 192.50 | 24.7400 - 24.8500 | |||
| Dec-98 | 7.10 | 5.40 | 12.80 | 315.90 | 24.6475 - 24.7800 | |||
| Jan-99 | 2.20 | 4.00 | 6.20 | 154.60 | 24.6150 - 24.8650 | |||
| Feb-99 | 6.70 | 2.60 | 9.90 | 247.90 | 24.8625 - 24.9650 | |||
| Mar-99 | 2.20 | 4.80 | 6.90 | 174.90 | 24.9650 - 25.0350 | |||
| Apr-99 | 0.15 | 3.17 | 3.32 | 82.60 | 25.0225 - 25.0900 | |||
| May-99 | 0.58 | 1.80 | 2.38 | 59.66 | 25.0550 - 25.1725 | |||
| Jun-99 | 2.60 | 0.85 | 4.08 | 103.40 | 25.1450 - 25.2100 | |||
| Jul-99 | 0.15 | 0.10 | 0.27 | 6.91 | 25.2100 - 25.2550 | |||
| *: With effect from 1-Oct-98, the Rs/US$ ask rate is based on the average of daily Rs/US$ ask rates of four major commercial banks. | ||||||||