6. Foreign Exchange Rates - Spot and Forward Premia Foreign Currency 2006 Annual appreciation (+) / depreciation (-) (per cent) Dec. 25+ Dec. 26 Dec. 27 Dec. 28 Dec. 29 Dec. 25+ Dec. 26 Dec. 27 Dec. 28 Dec. 29 1   2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 44.5400 44.3900 44.3600 44.2300   1.30 1.82 2.03 2.10 Euro     58.4500 58.4100 58.2200 58.2600   –8.59 –8.41 –7.78 –8.17 FEDAI Indicative Rates (Rs. pe

(Rs. crore) Item Outstanding as on Variation over 2006 Fortnight Financial year so far Year-on-year 2005-2006 2006-2007 2005 2006 Mar. 31# Dec. 22# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 27,29,535 30,18,622 –9,927 –0.3 1,95,009 8.4 2,89,087 10.6 3,81,711 17.8 4,90,947 19.4 Components (i+ii+iii+iv)                         (i) Currency with the Public 4,13,143 4,61,805 1,7

(US$ Million) MerchantInter-bank FCY/INRFCY/FCYFCY/ INRFCY/FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 12345678910111213Purchases Jul.5, 1999318722113736216595566529411843 Jul.6, 19991597337121311349670111130715326 Jul.7, 1999223431013435143645697133114014 Jul.8, 1999201731114723305488016835913023 Jul.9, 1999185492716536253775072437812427 Sales Jul.5, 1999295130233435236775409529515644 Jul.6, 19992

(Rs. crore) Item Outstanding as on Variation over 2006 Week Financial year so far Year-on-year 2005-2006 2006-2007 2005 2006 Mar. 31# Dec. 29# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 5,73,066 6,44,775 25,338 4.1 46,191 9.4 71,710 12.5 65,923 14.0 1,09,449 20.4 Components (i+ii+iii)                         (i) Currency in circulation 4,30,676 4,77,166 –553 –0.1

(Rs. crore) LAF Date   REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/absorption (-) of liquidity (6-11) Outstanding Amount @ Repoperiod (Day(s)) Bids Received Bids Accepted Cut-Off Bids Received   Bids Accepted Cut-Off Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) 1 2 3 4 5 6 7 8 9   10 11 12 13 14 Dec.   26, 2006 1 39 23,245 39 23,245 7.25 — —   — — — 23,245       $ 1 17 5,035 17 5,035 7.

(Rs. crore) Date of Auction Date of Issue Notified Amount Bids Received Bids Accepted Devol- vement on RBI Total Issue (8+9+10) Weigh- ted Average Price Implicit Yield at Cut-off Price (per cent) Amount Outstanding as on the Date of Issue (Face Value) Number Total Face Value Number Total Face Value Com-petitive Non- Com- petitive Com- petitive Non- Com-petitive 1 2 3 4 5 6 7 8 9 10 11 12 13 14 91-Day Treasury Bills 2006-2007 Apr. 5 Apr. 7 500 42 3,448 — 3 500 — — 500

(Rs. crore) Fortnight Ended Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Dec. 22, Dec. 9 Dec. 10 Dec. 11 Dec. 12 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 17 Dec. 18 Dec. 19 Dec. 20 Dec. 21 Dec. 22 2006 1,26,213 2,52,426 3,78,000 5,05,687 6,42,705 7,81,137 9,19,509 10,55,399 11,91,289 13,11,948 14,29,661 15,50,795 16,70,180 17,95,806 Jan. 5, Dec. 23 Dec. 24 Dec. 25 Dec. 26 Dec. 27 Dec. 28 Dec. 29 Dec. 30 Dec. 31 Jan. 1 Jan. 2 Jan. 3 Jan. 4 Jan. 5 2007 1,28,982 2,57,964 3,86,94

(Rs. crore) Fortnight ended Total Amount Outstanding # Issued during the fortnight # Rate of Interest (per cent)@ 1 2 3 4 Jan. 6, 2006 34,432 2,556 4.40 — 7.75 Apr. 14, 2006 38,568 2,005 6.00 — 8.90 Jul. 7, 2006 57,256 4,647 6.00 — 8.70 Oct. 13, 2006 64,482 2,513 4.75 — 8.50 Nov. 10, 2006 67,694 4,050 6.75 — 8.50 Nov. 24, 2006 68,911 4,107 7.50 — 8.33 @: Effective interest rate range per annum.

(Rs. crore) Fortnight ended Total Amount Outstanding Reported during the fortnight Rate of Interest (per cent)@ 1 2 3 4 Jan. 15, 2006 17,415 844 6.50 — 7.75 Apr. 15, 2006 12,968 1,423 6.77 — 8.95 Jul. 15, 2006 21,237 3,389 6.25 — 8.30 Oct. 15, 2006 23,361 1,733 7.20 — 8.65 Nov. 30, 2006 24,218 4,031 7.50 — 9.50 Dec. 15, 2006 23,712 1,915 7.50 — 8.75 @: Typical effective discount rate range per annum on issues during the fortnight.

Items / Week ended Weight 2005 2006 Percentage Variation over Dec. 17 Oct. 21* Dec. 16# Week Month End March Year 1 2 3 4 5 6 7 8 9   ALL COMMODITIES 100.00 197.1 208.8 207.8 — –0.5 5.4 5.4   Primary Articles 22.02 194.5 213.4 211.8 –0.1 –0.7 9.6 8.9   (i) Fruits and Vegetables 2.92 215.4 254.3 228.7 –1.6 –5.7 16.0 6.2   Fuel, Power, Light and Lubricants 14.23 311.1 328.7 322.6 — –2.1 2.0 3.7   Manufactured Products 63.75 172.5 180.4 180.8 0.2