Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (August 9 to 13, 2004).

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                                         T T & O D SELLING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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                                                                           + Appreciation - Depreciation

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          7.8.2004                               LAST WEEK RATES

          Previous

          Week     9.8.2004     13.8.2004                                  FLUCTUATIONS IN CLOSING RATES

          Closing   Opening    Closing     Highest                Lowest              Over Previous Week

          Rate                         Rate       Date        Rate         Date      +Up  Amount       %

          Rs        Rs        Rs        Rs                     Rs                   -Down   Rs

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US        59.02     59.05     58.90     58.90   13/8/2004      59.05    9/8/2004    -   0.120000   -0.20

UK      109.140   108.870   107.230   107.230   13/8/2004    108.870    9/8/2004    -   1.910000   -1.75

Japan  0.533800  0.535300  0.527400  0.527400   13/8/2004   0.535300    9/8/2004    -   0.006400   -1.20

Euro    72.7400   72.5200   72.0400   72.0400   13/8/2004    72.5200    9/8/2004    -   0.700000   -0.96

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                                         T T & O D SELLING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

--------------------------------------------------------------------------------------------------------

                                                                           + Appreciation - Depreciation

========================================================================================================

          7.8.2004                               LAST  WEEK  RATES

          Previous

          Week     09.08.2004   13.8.2004                                  FLUCTUATIONS IN CLOSING RATES

          Closing   Opening    Closing     Highest                Lowest              Over Previous Week

          Rate                         Rate       Date        Rate         Date   +Up     Amount       %

          Rs        Rs        Rs       Rs                      Rs                -Down      Rs

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US        58.82     58.85     58.70     58.70   13/8/2004      58.85    9/8/2004    -   0.120000   -0.20

UK      108.770   108.420   106.870   106.870   13/8/2004    108.420    9/8/2004    -   1.900000   -1.75

Japan  0.531900  0.533500  0.525600  0.525600   13/8/2004   0.533500    9/8/2004    -   0.006300   -1.18

Euro    72.5000   72.2700   71.8000   71.8000   13/8/2004    72.2700    9/8/2004    -   0.700000   -0.97

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