India fwd/annualised dlr premia-(closing)-Sep 05

Cash Spot Cash Tom Tom Next
-------------------------------------------------------------
TIME Bid/Ask Bid/Ask Bid/Ask
(in IST)
1000 03.15/03.45 02.35/02.65 00.65/00.85

06.47 06.44 05.34

(Sep 04)
1000 01.00/01.25 00.23/00.26 00.60/00.80

02.05 % 01.89 % 01.64
------------------------------------------------------------
TIME SEP OCT NOV DEC
------------------------------------------------------------
1000 09.25/10.00 20.00/21.50 29.50/31.00
43.00/45.00
1100 11.00/12.00 22.00/23.50 33.00/34.50
44.00/45.50
1200 11.00/13.00 22.00/24.00 32.50/34.50
43.00/45.00
1300 10.50/12.50 21.50/23.50 32.50/34.50
43.00/45.00
1400 11.00/11.75 22.50/24.50 33.00/35.00
42.50/44.50
1500 11.50/13.50 23.00/25.00 34.00/36.00
44.50/46.50
1600 10.00/12.00 20.00/22.00 29.00/31.00
39.00/41.00
1715 10.50/12.50 20.50/22.50 30.50/32.50 40.50/42.50

(Closing Sep 04)
1715 07.50/08.50 17.00/19.00 26.50/28.50 36.50/38.50
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TIME JAN FEB MAR APR
------------------------------------------------------------
1000 53.00/55.00 61.50/63.50 69.00/71.50
81.00/83.00
1100 54.00/55.50 63.00/65.00 72.00/74.00
83.00/85.00
1200 53.00/55.00 62.00/64.00 71.00/73.00
82.00/84.00
1300 52.50/54.00 61.00/63.00 70.00/71.50
81.00/82.50
1400 52.50/54.00 61.00/62.50 69.50/71.00
80.50/82.00
1500 54.50/56.50 63.00/65.00 71.50/73.50
83.00/85.00
1600 49.00/51.00 57.00/59.00 65.00/67.00
75.00/77.00
1715 50.50/52.50 59.00/61.00 67.50/69.50 79.00/81.00

(Closing Sep 04)
1715 46.00/48.00 54.50/56.50 63.00/65.00
74.00/76.00
-------------------------------------------------------------
TIME MAY JUN JUL AUG
-------------------------------------------------------------
1000 89.50/91.50 98.00/100.00 106.00/108.00
114.00/115.00
1100 91.50/93.50 100.00/102.00 108.00/110.00
116.00/118.00
1200 90.50/92.50 99.00/101.00 107.00/109.00
115.00/117.00
1300 88.50/90.50 96.50/98.50 104.50/106.00
112.50/114.00
1400 88.50/90.00 96.50/98.50 104.50/106.50
112.50/114.50
1500 90.00/92.00 98.00/100.00 106.00/108.00
114.00/116.00
1600 83.00/85.00 91.00/93.00 99.00/101.00
107.00/109.00
1715 87.00/89.00 95.00/97.00 103.00/105.00 111.00/113.00

(Closing Sep 04)
1715 82.00/84.00 90.00/92.00 98.00/100.00
106.00/108.00
-----------------------------------------------------------

1MTH 2 MTH 3MTH 4 MTH 5 MTH 6MTH
-------------------------------------------------------------
1000 3.50% 3.20% 3.15% 3.17% 3.07%
2.95%
1100 4.02% 3.54% 3.38% 3.22% 3.12%
3.04%
1200 4.13% 3.55% 3.34% 3.17% 3.08%
2.99%
1300 3.99% 3.50% 3.33% 3.15% 3.03%
2.94%
1400 4.05% 3.61% 3.34% 3.12% 3.02%
2.92%
1500 4.28% 3.69% 3.45% 3.25% 3.13%
3.01%
1600 3.75% 3.19% 2.99% 2.88% 2.82%
2.73%
1715 3.88% 3.31% 3.12% 2.98% 2.91% 2.83%

(Closing Sep 04)
1715 2.90% 2.79% 2.76% 2.70% 2.67% 2.63%
------------------------------------------------------------

7 MTH 8 MTH 9 MTH 10 MTH 11 MTH 12MTH
-------------------------------------------------------------
1000 2.86% 2.87% 2.81% 2.75% 2.69% 2.64%
1100 2.96% 2.94% 2.88% 2.81% 2.74% 2.69%
1200 2.93% 2.91% 2.85% 2.78% 2.72% 2.67%
1300 2.87% 2.85% 2.77% 2.70% 2.64% 2.60%
1400 2.85% 2.83% 2.77% 2.70% 2.65% 2.61%
1500 2.93% 2.91% 2.81% 2.74% 2.68% 2.63%
1600 2.66% 2.65% 2.60% 2.54% 2.50% 2.47%
1715 2.77% 2.78% 2.72% 2.65% 2.60% 2.56%

(Closing Sep 04)
1715 2.60% 2.63% 2.58% 2.53% 2.49% 2.46%
------------------------------------------------------------

(CONVERSION RATE - $1 = 44.65 rupees)
Note: Figures in brackets indicate negative value.

Premiums have been given in paise and annualised premiums
are on a rolling monthly basis. For the purpose of calculating
the annualised premiums, the mid-figure between bid and ask is
taken.

These indicative rates are based on contributions from ABN
AMRO, Andhra Bank, Bank of America, Bank Of Baroda, BNP Paribas
,Barclays Bank Ltd, Canara Bank, Syndicate Bank, ICICI Bank,
Calyon Bank,ING Vysya Bank, Standard Chartered Grindlays, HDFC
Bank, Indusind Bank,Corporation Bank, Bank of India, J P
Morgan, Union Bank of India, Axis Bank,State Bank Of India,
HSBC, Central Bank. For contributions contact Bangalore Rate
Reporting unit (080) 41356505 fax : +91 80 4135 6307
e-mail:rru.data@thomsonreuters.com