Table 29 : Exchange Rate of the Rupee (Period Average)

Table 29 : Exchange Rate of the Rupee (Period Average)
Indicative	Nov-98	Dec-98	Jan-99	Feb-99	Mar-99	Apr-99	May-99	Jun-99	Jul-99
Selling Rates
Australian dollar	15.888	15.473	15.795	16.093	15.134	16.248	16.006	16.693	16.786
Belgian franc(100)	72.120	72.392	71.863	69.837	64.659	67.104	63.552	65.343	65.277
China yuan	3.064	3.051	3.055	3.072	2.929	3.089	2.945	-	-
French franc	4.434	4.449	4.419	4.294	4.183	4.126	4.100	4.018	4.014
Deutsche mark	14.870	14.925	14.819	14.402	14.028	13.838	13.751	13.475	13.462
Hongkong dollar	3.268	3.258	3.264	3.281	3.297	3.300	3.302	3.310	3.320
Indian rupee(100)	59.810	59.000	59.579	60.000	60.050	59.955	60.000	59.818	59.955
Italian lira(1000)	15.033	15.071	14.954	14.546	14.167	13.970	13.888	13.622	13.586
Japanese yen(100)	20.831	21.281	22.132	21.616	21.145	21.160	20.811	21.062	21.306
Kenya shilling(100)	42.507	40.996	41.002	40.781	39.946	39.035	37.261	35.057	35.284
New Zealand dollar	13.380	13.069	13.487	13.707	13.451	13.739	14.020	13.557	13.439
Singapore dollar	15.445	15.272	15.074	14.956	14.771	14.926	14.961	15.017	15.186
South African rand	4.499	4.293	4.235	4.172	4.117	4.187	4.150	4.224	4.223
Swiss franc	18.061	18.335	18.057	17.615	17.208	16.905	16.782	16.531	16.420
US dollar	24.984	24.917	24.970	25.093	25.218	25.259	25.286	25.375	25.434
Pound sterling	41.494	41.595	41.161	40.876	40.814	40.621	40.796	40.471	40.009
Euro*	29.256	29.316	28.987	28.171	27.439	27.066	26.899	26.360	26.332
*: 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 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.
(ii)  With effect from 10 June 1999, there are no dealings for the China yuan.