Research and Publications

Foreign 2006 Annual appreciation (+) / depreciation (-) (per cent) Currency   Oct. 30 Oct. 31 Nov. 1 Nov. 2 Nov. 3 Oct. 30 Oct. 31 Nov. 1 Nov. 2 Nov. 3 1 2 3 4 5 6 7 8 9 10 11 12   RBI's Reference Rate (Rs. per Foreign Currency)             U.S. Dollar   45.0900 45.0200 44.9300 44.9300 44.8400 — 0.20 — 0.56 0.96 Euro   57.3200 57.2400 57.3400 57.3200 57.2800 — –4.91 — –5.16 –4.64   FEDAI Indicative Rates (Rs. per

Foreign   2006 Annual appreciation (+) / depreciation (-) (per cent) Currency   Oct. 23 Oct. 24 + Oct. 25 + Oct. 26 Oct. 27 Oct. 23 Oct. 24 + Oct. 25 + Oct. 26 Oct. 27 1 2 3 4 5 6 7 8 9 10 11 12   RBI's Reference Rate (Rs. per Foreign Currency)             U.S. Dollar   45.4000     45.3000 45.2200 —     –0.79 –0.35 Euro   57.1800     57.2200 57.3400 —     –4.72 –4.99  

Foreign 2006 Annual appreciation (+) / depreciation (-) (per cent) Currency   Oct. 16 Oct. 17 Oct. 18 Oct. 19 Oct. 20 Oct. 16 Oct. 17 Oct. 18 Oct. 19 Oct. 20 1 2 3 4 5 6 7 8 9 10 11 12   RBI's Reference Rate (Rs. per Foreign Currency)             U.S. Dollar   45.4600 45.3600 45.2600 45.3200 45.3100 — –1.19 –0.33 — –0.24 Euro   56.8500 56.8300 56.8000 56.8300 57.1800 — –4.72 –4.75 –5.23 –5.40   FEDAI Indicative Ra

Foreign 2006 Annual appreciation (+) / depreciation (-) (per cent) Currency   Oct. 9 Oct. 10 Oct. 11 Oct. 12 Oct. 13 Oct. 9 Oct. 10 Oct. 11 Oct. 12 Oct. 13 1 2 3 4 5 6 7 8 9 10 11 12   RBI's Reference Rate (Rs. per Foreign Currency)             U.S. Dollar   45.7200 45.7400 45.7600 45.6000 45.4900 — –2.45 –1.79 — –1.32 Euro   57.6200 57.6500 57.3800 57.1700 57.1500 — –6.07 –5.91 — –5.81   FEDAI Indicative Rates (R

Foreign 2006 Annual appreciation (+) / depreciation (-) (per cent) Currency   Oct. 2 + Oct. 3 Oct. 4 Oct. 5 Oct. 6 Oct. 2 Oct. 3 Oct. 4 Oct. 5 Oct. 6 1 2 3 4 5 6 7 8 9 10 11 12   RBI's Reference Rate (Rs. per Foreign Currency)             U.S. Dollar     45.8400 45.6900 45.7100 45.6100 — –3.82 –3.41 –3.06 –2.96 Euro     58.5100 58.1500 58.1000 57.8500 — –9.84 –9.58 –8.92 –7.68   FEDAI Indicative Rates (R

Foreign   2006 Annual appreciation (+) / depreciation (-) (per cent) Currency     Sep. 25 Sep. 26 Sep. 27 Sep. 28 Sep. 29 Sep. 25 Sep. 26 Sep. 27 Sep. 28 Sep. 29 1   2 3 4 5 6 7 8 9 10 11 12     RBI's Reference Rate (Rs. per Foreign Currency)             U.S. Dollar     45.8600 45.9700 45.9200 45.9200 45.9600 — –4.39 –4.22 –4.01 –4.29 Euro     58.7700 58.6300 58.2100 58.3800 58.3300 — –9.8

Foreign   2006 Annual appreciation (+) / depreciation (-) (per cent) Currency     Sep. 18 Sep. 19 Sep. 20 Sep. 21 Sep. 22 Sep. 18 Sep. 19 Sep. 20 Sep. 21 Sep. 22 1   2 3 4 5 6 7 8 9 10 11 12     RBI's Reference Rate (Rs. per Foreign Currency)             U.S. Dollar     46.1200 46.1100 46.0500 45.8800 45.9400 — –4.79 –4.65 –4.27 –4.44 Euro     58.4400 58.5700 58.3600 58.2800 58.7800 — –9.2

                            Foreign       2006 Annual appreciation (+) / depreciation (-) (per cent) Currency       Sep. 11 Sep. 12 Sep. 13 Sep. 14 Sep. 15 Sep. 11 Sep. 12 Sep. 13 Sep. 14 Sep. 15 1     2 3 4 5 6 7 8 9 10 11 12       RBI's Reference Rate (Rs. per Foreign Currency)             U.S. Dollar    

Foreign     2006 Annual appreciation (+) / depreciation (-) (per cent) Currency     Sep. 4 Sep. 5 Sep. 6 Sep. 7 Sep. 8 Sep. 4 Sep. 5 Sep. 6 Sep. 7 Sep. 8 1   2 3 4 5 6 7 8 9 10 11 12     RBI's Reference Rate (Rs. per Foreign Currency)           U.S. Dollar     46.4400 46.2200 46.2100 46.1000 46.2000 — –5.37 –5.09 —— –5.06 Euro     59.6800 59.3300 59.2400 59.0800 58.7200 — –7.40 –7.53 —— –7

                            Foreign       2006 Annual appreciation (+) / depreciation (-) (per cent) Currency       Aug. 28 Aug. 29 Aug. 30 Aug. 31 Sep. 1 Aug. 28 Aug. 29 Aug. 30 Aug. 31 Sep. 1 1     2 3 4 5 6 7 8 9 10 11 12       RBI's Reference Rate (Rs. per Foreign Currency)           U.S. Dollar