Table 29 : Exchange Rate of the Rupee (Period Average)
Indicative	Feb-99	Mar-99	Apr-99	May-99	Jun-99	Jul-99	Aug-99	Sep-99	Oct-99
Selling Rates
Australian dollar	16.093	15.134	16.248	16.006	16.693	16.786	16.446	16.545	16.636
Belgian franc(100)	69.837	64.659	67.104	63.552	65.343	65.277	66.896	66.260	67.645
China yuan	3.072	2.929	3.089	2.945	-	-	-	-	-
French franc	4.294	4.183	4.126	4.100	4.018	4.014	4.113	4.074	4.159
Deutsche mark	14.402	14.028	13.838	13.751	13.475	13.462	13.793	13.664	13.948
Hongkong dollar	3.281	3.297	3.300	3.302	3.310	3.320	3.315	3.316	3.318
Indian rupee(100)	60.000	60.050	59.955	60.000	59.818	59.955	59.818	59.000	59.000
Italian lira(1000)	14.546	14.167	13.970	13.888	13.622	13.586	13.933	13.801	14.089
Japanese yen(100)	21.616	21.145	21.160	20.811	21.062	21.306	22.484	23.786	24.063
Kenya shilling(100)	40.781	39.946	39.035	37.261	35.057	35.284	34.614	34.049	34.148
New Zealand dollar	13.707	13.451	13.739	14.020	13.557	13.439	13.421	13.324	13.141
Singapore dollar	14.956	14.771	14.926	14.961	15.017	15.186	15.334	15.186	15.374
South African rand	4.172	4.117	4.187	4.150	4.224	4.223	4.203	4.258	4.231
Swiss franc	17.615	17.208	16.905	16.782	16.531	16.420	16.833	16.627	17.119
US dollar	25.093	25.218	25.259	25.286	25.375	25.434	25.420	25.438	25.446
Pound sterling	40.876	40.814	40.621	40.796	40.471	40.009	40.805	41.247	42.148
Euro1	28.171	27.439	27.066	26.899	26.360	26.332	26.980	26.725	27.280
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.
(ii)  With effect from 10 June 1999, there are no dealings for the China yuan.