| 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 May - 00 |
ended May - 01 |
of Rupee |
| |
[1] |
[2] |
Between [1] &
[2] |
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Per Cent |
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| Australian dollar |
16.2773 |
14.9917 |
8.6 |
| Belgian franc (100) |
64.1155 |
61.3836 |
4.5 |
| French franc |
3.9423 |
3.7736 |
4.5
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| Deutsche mark |
13.2215 |
12.6565 |
4.5
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| Hong Kong dollar |
3.3339 |
3.5639 |
(6.5) |
| Indian rupee (100) |
59.7843 |
60.6463 |
(1.4) |
| Italian lira (1000) |
13.3553 |
12.7831 |
4.5
|
| Japanese yen (100) |
23.5646 |
24.3987 |
(3.4) |
| Kenya shilling (100) |
35.2003 |
35.7107 |
(1.4) |
| New Zealand dollar |
13.0644 |
11.8252 |
10.5
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| Singapore dollar |
15.3002 |
15.8536 |
(3.5) |
| South African rand |
4.1403 |
3.7091 |
11.6
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| Swiss franc |
16.1871 |
16.1429 |
0.3
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| US dollar |
25.5984 |
27.4766 |
(6.8) |
| Pound sterling |
40.9183 |
40.1094 |
2.0
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| Euro1 |
25.8599 |
24.7539 |
4.5
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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 June 1999 to May 2000. |
| [2] is calculated on the basis of the
monthly average exchange rates for the period June 2000 to May 2001. |
| (ii) 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. |
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| (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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