Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 5 to 10, 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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          03.1.2004                               LAST WEEK RATES

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          Week     05.1.2004  10.1.2004                                    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        57.55     57.55     57.55     57.55   05/1/2004      57.57   06/1/2004   N.C  0.000000    0.00

UK      103.380   103.350   106.350   103.350   05/1/2004    106.350   10/1/2004    +   2.970000    2.87

Japan  0.537600  0.538100  0.538700  0.538100   05/1/2004   0.542400   06/1/2004    +   0.001100    0.20

Euro    72.4000   72.8300   73.7700   72.5100   08/1/2004    73.7700   10/1/2004    +   1.370000    1.89

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                                         T T CLEAN BUYING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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          03.1.2004                              LAST WEEK RATES

          Previous

          Week    05.01.2004  10.01.2004                                   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        57.37     57.35     57.37     57.35    05/1/2004     57.37   06/1/2004   N.C   0.000000   0.00

UK      103.050   102.990   106.010   102.990    05/1/2004   106.010   10/1/2004    +    2.960000   2.87

Japan  0.535900  0.536200  0.537000  0.536200    05/1/2004  0.540500   06/1/2004    +    0.001100   0.21

Euro   72.1700    72.5800   73.5400   72.2500    08/1/2004   73.5400   10/1/2004    +    1.370000   1.90

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