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Audi CFO says forex hedge rate drops in 2005

FRANKFURT, Feb 22 (Reuters) - German premium carmaker Audi's currency hedging rate will drop in the current year from 2004, its finance chief told reporters during a press conference on Tuesday.

"We had a hedging rate of some 80 percent in 2004. For the current year the rate is slightly lower but it is above 70 percent," Rupert Stadler said.