| Date: 07/03/2004 |
| Foreign Exchange Rates - Spot and Forward Premia |
| Foreign | | 2003 | | | 2004 | | | 2003 | | | 2004 | | | | Currency | | Jun. 27 | Jun. 21 | Jun. 22 | Jun. 23 | Jun. 24 | Jun. 25 | Jun. 27 | Jun. 21 | Jun. 22 | Jun. 23 | Jun. 24 | Jun. 25 | | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | | | | RBI's Reference Rate (Rs. per Foreign Currency) | | | Foreign Currency per Rs. 100@ | | | U.S. Dollar | | 46.4900 | 45.8200 | 46.2000 | 46.0600 | 45.8300 | 45.9000 | | (Based on Middle Rates) | | | Euro | | 53.1300 | 55.5100 | 55.8500 | 56.0900 | 55.3100 | 55.8100 | | | | | | | | | | FEDAI Indicative Rates (Rs. per Foreign Currency) | | U.S. | {Buying | 46.4850 | 45.8100 | 46.1700 | 46.0500 | 45.7600 | 45.8800 | 2.1510 | 2.1825 | 2.1645 | 2.1711 | 2.1820 | 2.1786 | | Dollar | Selling | 46.4950 | 45.8300 | 46.1800 | 46.0700 | 45.7800 | 45.8900 | | | | | | | | Pound | { Buying | 77.1475 | 84.1800 | 84.3675 | 84.1375 | 82.9575 | 83.6450 | 1.2966 | 1.1871 | 1.1846 | 1.1883 | 1.2023 | 1.1952 | | Sterling | Selling | 77.1900 | 84.2400 | 84.4075 | 84.2025 | 83.0175 | 83.6850 | | | | | | | | Euro | { Buying | 53.1100 | 55.4850 | 55.8150 | 56.0925 | 55.2100 | 55.7850 | 1.8822 | 1.8015 | 1.7905 | 1.7828 | 1.8080 | 1.7918 | | | Selling | 53.1450 | 55.5175 | 55.8350 | 56.1325 | 55.2475 | 55.8075 | | | | | | | | 100 Yen | { Buying | 38.8075 | 42.1900 | 42.4750 | 42.4075 | 42.2950 | 42.7200 | 257.42 | 236.93 | 235.06 | 235.73 | 236.11 | 233.91 | | | Selling | 38.8325 | 42.2275 | 42.4950 | 42.4450 | 42.3375 | 42.7350 | | | | | | | | | Inter-Bank Forward Premia of U.S. Dollar (per cent per annum) | | 1-month | | 3.10 | 1.75 | 2.73 | 2.48 | 2.62 | 3.01 | | | | | | | | 3-month | | 3.36 | 1.12 | 1.82 | 1.52 | 1.31 | 2.05 | | | | | | | | 6-month | | 2.75 | 0.76 | 1.32 | 1.09 | 1.09 | 1.46 | | | | | | | @ : These rates are based on RBI Reference rate for US dollar, Euro and middle rates of cross-currency quotes. These rates are announced by RBI with effect from January 29, 1998. 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.
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