During November-December, 2003, the rupee has depreciated against all these currencies; by 8.5 per cent against the Euro, 5.3 per cent against the Pound Sterling and 3.6 per cent against the Yen and by only 0.6 per cent against the US dollar.
Additional information is available on the Federal Financial Institutions Examination Council website or in the December 2007 Federal Reserve Bulletin. 4  The Federal Reserve Board's staff calculations are based on data from First American LoanPerformance and the Mortgage Bankers Association. 2  BIS Review 31/2008  The current high rate of delinquencies and foreclosures is not confined to the subprime market.