| Table 26 : Transactions on the Interbank Foreign Exchange Market | ||||||
| Weekly | Purchase of | Purchase of | Total Purchases | Opening | ||
| Position | US$ against | US$ against | US$ | Rupee | Interbank | |
| (Transaction | Rupee | Other Foreign | Equivalent | Equivalent | Min-Max | |
| days only) | Currencies | Ask Rate1 | ||||
| (US$ million) | (US$ million) | (US$ million) | (Rs million) | (Rs/US$) | ||
| September 1999 | ||||||
| Week I | 0.70 | 0.76 | 1.42 | 35.93 | 25.2200 - 25.2425 | |
| Week II | 0.80 | 0.12 | 1.14 | 28.96 | 25.2200 - 25.2375 | |
| Week III | 1.25 | 0.03 | 1.28 | 32.41 | 25.2675 - 25.2825 | |
| Week IV | 1.75 | 0.08 | 1.83 | 46.33 | 25.2475 - 25.2700 | |
| Week V | 0.25 | 0.06 | 0.31 | 7.92 | 25.2425 - 25.2675 | |
| Jan-99 | 2.20 | 4.00 | 6.20 | 154.60 | 24.6150 - 24.8650 | |
| Feb-99 | 6.70 | 2.60 | 9.90 | 247.90 | 24.8625 - 24.9650 | |
| Mar-99 | 2.20 | 4.80 | 6.90 | 174.90 | 24.9650 - 25.0350 | |
| Apr-99 | 0.15 | 3.17 | 3.32 | 82.60 | 25.0225 - 25.0900 | |
| May-99 | 0.58 | 1.80 | 2.38 | 59.66 | 25.0550 - 25.1725 | |
| Jun-99 | 2.60 | 0.85 | 4.08 | 103.40 | 25.1450 - 25.2100 | |
| Jul-99 | 0.15 | 0.10 | 0.27 | 6.91 | 25.2100 - 25.2550 | |
| Aug-99 | 6.38 | 1.18 | 7.56 | 190.75 | 25.2125 - 25.2575 | |
| Sep-99 | 4.75 | 1.05 | 5.98 | 151.55 | 25.2200 - 25.2825 | |
| 1 With effect from 1-Oct-98, the Rs/US$ ask rate is based on the average of daily Rs/US$ ask rates of four major commercial banks. | ||||||