Table 30 : Exchange Rate of the Rupee (Period Average)
Indicative	Jul-99	Aug-99	Sep-99	Oct-99	Nov-99	Dec-99	Jan-00	Feb-00	Mar-00
Selling Rates
Australian dollar	16.786	16.446	16.545	16.636	16.378	16.424	16.902	16.247	15.773
Belgian franc(100)	65.277	66.896	66.260	67.645	65.449	64.238	64.595	62.819	61.747
French franc	4.014	4.113	4.074	4.159	4.025	3.952	3.972	3.863	3.796
Deutsche mark	13.462	13.793	13.664	13.948	13.499	13.252	13.322	12.956	12.733
Hongkong dollar	3.320	3.315	3.316	3.318	3.322	3.334	3.337	3.351	3.354
Indian rupee(100)	59.955	59.818	59.000	59.000	59.810	60.000	60.000	60.000	60.000
Italian lira(1000)	13.586	13.933	13.801	14.089	13.635	13.386	13.457	13.088	12.862
Japanese yen(100)	21.306	22.484	23.786	24.063	24.418	25.016	24.457	23.611	24.251
Kenya shilling(100)	35.284	34.614	34.049	34.148	34.598	35.081	36.665	35.713	37.287
New Zealand dollar	13.439	13.421	13.324	13.141	13.130	13.057	13.223	12.701	12.695
Singapore dollar	15.186	15.334	15.186	15.374	15.469	15.477	15.513	15.338	15.229
South African rand	4.223	4.203	4.258	4.231	4.213	4.219	4.245	4.135	4.048
Swiss franc	16.420	16.833	16.627	17.119	16.447	16.191	16.179	15.741	15.517
US dollar	25.434	25.420	25.438	25.446	25.521	25.597	25.641	25.748	25.792
Pound sterling	40.009	40.805	41.247	42.148	41.356	41.265	42.015	41.235	40.730
Euro1	26.332	26.980	26.725	27.280	26.398	25.918	26.056	25.341	24.903
1 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.