6. Foreign Exchange Rates - Spot and Forward Premia

Foreign

2006

Annual appreciation (+) / depreciation (-) (per cent)

Currency

May 29

May 30

May 31

Jun. 1

Jun. 2

May 29

May 30

May 31

Jun. 1

Jun. 2

1

2

3

4

5

6

7

8

9

10

11

12

RBI's Reference Rate (Rs. per Foreign Currency)

U.S. Dollar

45.9700

46.1900

46.4300

46.2200

46.1700

—

–5.74

–5.90

–5.41

–5.22

Euro

58.5800

59.3200

59.8000

59.0300

59.1400

—

–8.06

–9.48

–8.64

–9.54

FEDAI Indicative Rates (Rs. per Foreign Currency)

U.S.

{Buying

45.9600

46.1700

46.4250

46.2200

46.1650

—

–5.72

–5.91

–5.43

–5.22

Dollar

Selling

45.9700

46.1800

46.4350

46.2400

46.1750

—

–5.72

–5.91

–5.45

–5.22

Pound

{Buying

85.4900

86.4675

87.4125

86.1550

86.0200

—

–8.22

–9.28

–7.62

–7.75

Sterling

Selling

85.5275

86.5050

87.4550

86.2050

86.0600

—

–8.21

–9.28

–7.64

–7.76

Euro

{Buying

58.5725

59.2600

59.7950

59.0000

59.1225

—

–7.99

–9.50

–8.59

–9.51

Selling

58.5925

59.2850

59.8225

59.0350

59.1500

—

–7.96

–9.50

–8.61

–9.52

100 Yen

{Buying

40.9150

41.2850

41.5000

41.0000

40.9325

—

–2.32

–2.76

–1.60

–1.35

Selling

40.9350

41.3050

41.5275

41.0300

40.9600

—

–2.32

–2.80

–1.63

–1.35

Inter-Bank Forward Premia of U.S. Dollar (per cent per annum)

1-month

0.07

0.01

0.27

0.23

0.23

3-month

0.26

0.20

0.27

0.38

0.36

6-month

0.57

0.49

0.47

0.64

0.67

—:Market closed on the corresponding day of the previous year.
Notes:1.The unified exchange rate system came into force on March 1, 1993.
2.Euro Reference rate was announced by RBI with effect from January 1, 2002.