Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (October 01 to December 31, 2007)

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                                       T T CLEAN BUYING

                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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                                                                           + Appreciation - Depreciation

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        29.09.2007                          LAST QUARTER RATES

        Previous

        Quarter  01.10.2007  31.12.2007                                    FLUCTUATIONS IN CLOSING RATES

        Closing   Opening      Closing      Highest               Lowest           Over Previous Quarter

        Rate                           Rate       Date      Rate         Date    +Up      Amount       %

        Rs          Rs        Rs        Rs                    Rs                -Down       Rs

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US        60.60     60.63     61.35     60.50   23/10/2007     62.60   06/10/2007   +   0.750000    1.24

UK      124.050   123.930   122.590   120.590   24/12/2007   127.740   08/11/2007   -   1.460000   -1.18

Japan  0.525800  0.527000  0.547900  0.515700   12/10/2007  0.565100   23/11/2007   +   0.022100    4.20

Euro    85.9800   86.4700   90.4700   85.0200   09/10/2007   91.1500   27/11/2007   +   4.490000    5.22

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                                       T T & O D SELLING

                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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        29.09.2007                          LAST QUARTER RATES

        Previous

        Quarter  01.10.2007  31.12.2007                                    FLUCTUATIONS IN CLOSING RATES

        Closing   Opening      Closing      Highest               Lowest           Over Previous Quarter

        Rate                           Rate       Date      Rate         Date    +Up      Amount       %

        Rs          Rs        Rs        Rs                    Rs                -Down       Rs

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US        60.80     60.83     61.55     60.35   10/12/2007    61.97    18/12/2007   +   0.750000    1.23

UK      124.450   124.540   122.990   120.980   24/12/2007   128.160   08/11/2007   -   1.460000   -1.17

Japan  0.527500  0.530200  0.549700  0.517400   12/10/2007  0.566900   23/11/2007   +   0.022200    4.21

Euro    86.2700   86.8600   90.7700   85.3000   09/10/2007   91.4500   27/11/2007   +   4.500000    5.22

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