Research and Publications

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 1 2345678910111213 Purchases Dec.1, 20033462537171471297016794375013330 Dec.2, 200372519936535227124617192061323824 Dec.3, 200358128315285543413491644465681295 Dec.4, 200347017234125472463312782269322819 Dec.5, 20034631783894521974413287241115826 Sales Dec.1, 2003317125217921870993147843683

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 1 2345678910111213 Purchases Dec.1, 20033462537171471297016794375013330 Dec.2, 200372519936535227124617192061323824 Dec.3, 200358128315285543413491644465681295 Dec.4, 200347017234125472463312782269322819 Dec.5, 20034631783894521974413287241115826 Sales Dec.1, 2003317125217921870993147843683

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwap Forward Cancel- Cancel- Position Date lation lation 1 2345678910111213Purchases Nov.24, 200347351830983171811621350815032838 Nov.25, 2003654565129413681107814625753158519 Nov.26, 2003+ Nov.27, 2003504289806495417601521305661432 Nov.28, 200369635925413810974107617103865031275 Sales Nov.24, 20035104823503637571101131510055227280 Nov.25, 20035

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwap Forward Cancel- Cancel- Position Date lation lation 1 2345678910111213Purchases Nov.24, 200347351830983171811621350815032838 Nov.25, 2003654565129413681107814625753158519 Nov.26, 2003+ Nov.27, 2003504289806495417601521305661432 Nov.28, 200369635925413810974107617103865031275 Sales Nov.24, 20035104823503637571101131510055227280 Nov.25, 20035

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- PositionDate lation lation 1 2345678910111213Purchases Nov.17, 200356042190847156129514125962718115 Nov.18, 200347338892661525132213894142517324 Nov.19, 200346637768869362119411693672424435 Nov.20, 2003565484100773765124817148055022742 Nov.21, 200348958712560120641784178211844025858 Sales Nov.17, 200350915638683345613

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- PositionDate lation lation 1 2345678910111213Purchases Nov.17, 200356042190847156129514125962718115 Nov.18, 200347338892661525132213894142517324 Nov.19, 200346637768869362119411693672424435 Nov.20, 2003565484100773765124817148055022742 Nov.21, 200348958712560120641784178211844025858 Sales Nov.17, 200350915638683345613

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY Spot Forward ForwardSpot Forward ForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 1 2345678910111213Purchases Nov.10, 200352133641411649693813442861419626 Nov.11, 2003470216205715487647944050415642 Nov.12, 2003479232418462617001502504593443 Nov.13, 2003634317787710297130916031360045621 Nov.14, 200354438382569861113313603551725269 Sales Nov.10, 20034081101071215110312

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- PositionDate lation lation 1 2345678910111213Purchases Nov.3, 20034703682524481191318002951323616 Nov.4, 20034951922142385299715942852322712 Nov.5, 20034351904663351893614904538322812 Nov.6, 20034553281132354011251352473871491 Nov.7, 200356923411845458793313384140420214 Sales Nov.3, 20034451351254239121093155384516301

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwap Forward Cancel- Cancel- Position Date lation lation 1 2345678910111213Purchases Oct.27, 20034662918942112258114282314092207 Oct.28, 2003374255231112232110612573384219615 Oct.29, 200353934211331571410201563644444396 Oct.30, 2003603309555597010362122475353136 Oct.31, 2003575320117366369103119126654236424 Sales Oct.27, 200340817315742245256712

(US$ Million) MerchantInter-bank FCY / INRFCY / FCYFCY / INRFCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- PositionDate lation lation 12345678910111213Purchases Oct.13, 2003467379364576339531202564472774Oct.14, 2003566365436310567137322836367047738Oct.15, 2003628269598265105122918424161951749Oct.16, 200352827958281175513992547534563272Oct.17, 200354116238297097996131694822542Oct.20, 200361624460145242107714093649824251Oct.