Research and Publications

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) Aug. 30 Aug. 31 Sep. 1 Sep. 2 Sep. 3 Aug. 30 Aug. 31 Sep. 1 Sep. 2 Sep. 3 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (` per Foreign Currency) U.S. Dollar 46.8400 47.0800 46.8700 46.7800 46.6700 — 3.82 3.97 4.87 4.74 Euro 59.6700 59.5000 59.6000 59.9400 59.8200 — 17.14 17.43 16.42 16.70 FEDAI Indicative Rates (` per Foreign Currency) U.S. Dollar { Buying 46.8300 47.0700 46.8650 46.7750 46.670

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) Aug. 23 Aug. 24 Aug. 25 Aug. 26 Aug. 27 Aug.23 Aug.24 Aug.25 Aug.26 Aug.27 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (` per Foreign Currency) U.S. Dollar 46.6100 46.7900 46.9300 46.8100 46.8600 — 3.65 3.96 4.32 4.52 Euro 59.2800 59.1900 59.3500 59.4500 59.5900 — 17.33 17.49 17.53 17.08 FEDAI Indicative Rates (` per Foreign Currency) U.S. Dollar { Buying 46.6000 46.7900 46.9350 46.8000 46.86

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) Aug. 16 Aug. 17 Aug. 18 Aug. 19+ Aug. 20 Aug. 16 Aug. 17 Aug. 18 Aug. 19+ Aug. 20 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (` per Foreign Currency) U.S. Dollar 46.7800 46.6800 46.6400 46.5800 — 4.28 4.50 4.55 Euro 59.8700 59.9800 59.8800 59.6600 — 14.65 15.00 16.24 FEDAI Indicative Rates (` per Foreign Currency) U.S. Dollar { Buying 46.7900 46.6800 46.6300 46.5800 — 4.27 4.50 4.54 Selling

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) Aug. 9 Aug. 10 Aug. 11 Aug. 12 Aug. 13 Aug. 9 Aug. 10 Aug. 11 Aug. 12 Aug. 13 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 46.0700 46.3000 46.5400 46.9400 46.5800 — 3.26 3.01 3.00 3.35 Euro 61.2600 60.9300 60.7800 60.5400 60.0500 — 11.32 11.62 12.87 14.30 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Dollar { Buying 46.0600 46.2900 46.5250 46.930

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) Aug. 2 Aug. 3 Aug. 4 Aug. 5 Aug. 6 Aug. 2 Aug. 3 Aug. 4 Aug. 5 Aug. 6 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 46.1900 46.2200 46.2200 46.2300 46.0200 — 3.57 2.86 3.11 3.39 Euro 60.4200 60.8100 61.0700 60.8000 60.7000 — 12.14 12.15 12.81 12.98 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Dollar { Buying 46.1950 46.2100 46.2200 46.2200 46.030

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) July 26 July 27 July 28 July 29 July 30 July 26 July 27 July 28 July 29 July 30 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 46.8600 46.7600 46.5700 46.6300 46.4600 — 3.10 3.52 3.95 4.37 Euro 60.6400 60.8000 60.6200 60.7400 60.7300 — 13.03 13.53 12.69 12.30 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Dollar { Buying 46.8650 46.7500 46.5700 46.6

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) July 19 July 20 July 21 July 22 July 23 July 19 July 20 July 21 July 22 July 23 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 47.0800 47.1000 47.2500 47.3300 47.0000 — 2.82 2.16 2.20 3.06 Euro 60.6200 61.2900 60.9800 60.3800 60.5300 — 11.91 12.40 13.78 14.11 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Dollar { Buying 47.0800 47.0950 47.2350 47.3

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) July 12 July 13 July 14 July 15 July 16 July 12 July 13 July 14 July 15 July 16 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 46.7300 46.9300 46.6300 46.7400 46.8000 — 5.26 4.74 4.24 4.15 Euro 58.8000 58.9000 59.2900 59.4700 60.3700 — 16.72 15.40 14.97 13.62 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Dollar { Buying 46.7250 46.9300 46.6250 46.7

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) July 5 July 6 July 7 July 8 July 9 July 5 July 6 July 7 July 8 July 9 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 46.6900 46.8000 47.0800 46.8500 46.7500 — 3.03 3.06 4.42 4.64 Euro 58.5700 58.7700 59.2700 59.3200 59.3600 — 14.60 14.05 14.35 14.82 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Dollar { Buying 46.6900 46.8000 47.0750 46.8450 46.755

Foreign Currency 2010 Annual Appreciation (+) / Depreciation (-) (per cent) Jun. 28 Jun. 29 Jun. 30 Jul. 1 Jul. 2 Jun. 28 Jun. 29 Jun. 30 Jul. 1 Jul. 2 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 46.1600 46.5200 46.6000 46.6800 46.6800 — 3.61 2.73 3.02 2.38 Euro 57.0300 56.9300 56.9400 56.9900 58.2900 — 18.48 18.88 18.46 15.75 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Dollar { Buying 46.1550 46.5200 46.5850 46.6750