(a) whether the public sector Financial Institutions buy American Dollar from the market;
(b) if so, the reasons therefor;
(c) the value of American Dollar in terms of Indian rupee bought from the market during each
of the last three years by the financial Institutions;
(d) the average price at which the American Dollars were bought each year during the aforesaid
period; and
(e) the value of the American Dollar sold in market each year during the aforesaid years?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI GINGEE N. RAMACHANDRAN)
a) Yes Sir.
b) DFls buy various foreign currencies from market including US $ for meeting the forex
requirement of their customers and their own commitments under the extant regulations.
c) The value of US $ in terms of Indian rupee bought by the OFls during each of the last
3 years is as under
Rs. in crore
1999-2000 2000-01 2001-02
IFCI 652.13 653.25 944.02
lOBI 2884.00 3162.00 2714.00
EXIM Bank 93.87 369.29 530.00
ICiCi 9508.78 20122.98 23671.91
IIBI NIL
d) The average price at which the US $ were purchased during the above 3 years is follows:
1999-2000 2000-01 2001-02
IFCI 43.40 45.89 47.55
lOBI 43.42 46.75 47.64
EXIM 43.42 45.83 48.30
ICiCi 43.84 46.14 47.88
IIBI NIL
e) The value of the US$ sold in market during the aforesaid period is as under :
(Rs. crore) 1999-2000 2000-01 2001-02
IFCI 109.01 82.64 362.33
lOBI 1530.00 1060.00 1145.00
EXIM Bank 275.08 357.00 734.45
ICICI 10188.69 17276.65 22384.50
IIBI NIL