We hereby consent to the incorporation by reference in this Registration Statement on Form N-1A (the "Registration Statement") of our reports dated December 12, 2006 relating to the financial statements and financial highlights which appear in the October 31, 2006 Annual Reports to Shareholders of the T. Rowe Price Institutional Foreign Equity Fund, the T. Rowe Price Institutional Emerging Markets Equity Fund and the T. Rowe Price Institutional Global Equity Fund (comprising T. Rowe Price Institutional International Funds, Inc.), which are also incorporated by reference into the Registration Statement. We also consent to the references to us under the headings "Financial Highlights," "Fund Service Providers" and "Independent Registered Public Accounting Firm" in such Registration Statement.