| Table 32: Exchange Rate of the Rupee
vis-à-vis Major Trading Partner Currencies |
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| Indicative
|
Average for |
Average for |
Appreciation/ |
| Selling Rates |
12 Months |
12 Months |
(Depreciation) |
| |
ended July - 00 |
ended July - 01 |
of Rupee |
| |
[1] |
[2] |
Between [1] &
[2] |
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Per Cent |
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| Australian dollar |
16.0779 |
14.9139 |
7.8 |
| Belgian franc (100) |
63.4747 |
61.5290 |
3.2 |
| French franc |
3.9024 |
3.7828 |
3.2
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| Deutsche mark |
13.0883 |
12.6867 |
3.2
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| Hong Kong dollar |
3.3500 |
3.6320 |
(7.8) |
| Indian rupee (100) |
59.8031 |
61.1707 |
(2.2) |
| Italian lira (1000) |
13.2210 |
12.8138 |
3.2
|
| Japanese yen (100) |
24.1526 |
24.2691 |
(0.5) |
| Kenya shilling (100) |
35.0966 |
36.2694 |
(3.2) |
| New Zealand dollar |
12.8528 |
11.7504 |
9.4
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| Singapore dollar |
15.3411 |
16.0217 |
(4.2) |
| South African rand |
4.0775 |
3.6743 |
11.0
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| Swiss franc |
16.0972 |
16.2508 |
(0.9) |
| US dollar |
25.7432 |
28.0161 |
(8.1) |
| Pound sterling |
40.8119 |
40.4148 |
1.0
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| Euro1 |
25.5988 |
24.8130 |
3.2
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| 1 Effective 1 January 1999, the euro (EUR) was introduced
replacing its precursor, the ECU, on a one-to-one basis. |
| Notes: |
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| (i) [1] is calculated on the basis of the
monthly average exchange rates for the period August 1999 to July 2000. |
| [2] is calculated on the basis of the
monthly average exchange rates for the period August 2000 to July 2001. |
| (ii) The daily average exchange rate of the
Rupee is based on the average selling rates for T.T. & D.D. of all
commercial banks |
| (iii) The appreciation/depreciation of the Rupee
is calculated as follows: |
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| (Previous period exchange rate -
Current period exchange rate) ÷ Current period exchange rate. |
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