Interestingly, as the price erosion witnessed by the underlying shares was less compared to the GDRs the average premiums of the 60 GDRs declined to a low of 2.13 per cent against the previous week's close of 3.25 per cent. The Skindia GDR premium index closed at 14.23 per cent to register a net loss of 27.21 per cent over its previous week's close. However, during the same period the Skindia GDR price earning (PE) index closed on a positive note at 26.22 points registering a meagre gain of 1.65 percent.