Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (May 23 to 28, 2005).

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

                                         T T & O D SELLING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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

                                                                           + Appreciation - Depreciation

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

          21.5.2005                          LAST WEEK RATES

          Previous

          Week     23.5.2005     28. 5.2005                                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

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

US        59.65     59.65     59.65     59.65   23/5/2005      59.65     23/5/2005  N.C 0.000000    0.00

UK      109.010   109.000   108.830   108.750   27/5/2005    109.230     26/5/2005   -  0.180000   -0.17

Japan  0.551500  0.552400  0.552300  0.552300   28/5/2005   0.555600     25/5/2005   +  0.000800    0.15

Euro    74.8800   74.9500   75.0100   74.6700   27/5/2005    75.1700     26/5/2005   +  0.130000    0.17

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

                                         T T CLEAN BUYING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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

          21.5.2005                          LAST WEEK RATES

          Previous

          Week     23.5.2005     28. 5.2005                                FLUCTUATIONS IN CLOSING RATES

          Rate                         Rate       Date       Rate         Date      +Up     Amount     %

          Rs        Rs        Rs        Rs                    Rs                   -Down     Rs

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

US        59.45     59.45     59.45     59.45    23/5/2005     59.45   23/5/2005    N.C  0.000000   0.00

UK      108.650   108.630   108.470   108.380    27/5/2005   108.860   26/5/2005     -   0.180000  -0.17

Japan  0.549600  0.550600  0.550400  0.550400    28/5/2005  0.553700   25/5/2005     +   0.000800   0.15

Euro    74.6300   74.7000   74.7600   74.4200    27/5/2005   74.9200   26/5/2005     +   0.130000   0.17

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