Your rupee last Month

Following currency fluctuations took place in foreign exchange rates during the last Month.
(March 3 - 31, 2004)

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                                         T T & O D SELLING

                           AUTHORISED DEALERS RATES PER ONE UNIT OF CURRENCY

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                                                                           + Appreciation - Depreciation

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          28.02.2004                               LAST MONTH RATES

          Previous

          Month    03.3.2004   31.3.2004                                   FLUCTUATIONS IN CLOSING RATES

          Closing  Opening    Closing     Highest              Lowest                Over Previous Month

          Rate                           Rate       Date        Rate      Date     +Up     Amount      %

          Rs          Rs         Rs        Rs                    Rs               -Down      Rs

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US        57.52     57.50     57.65     57.50    3/3/2004      57.65   15/3/2004    +   0.130000    0.23

UK      107.470   105.610   105.640   103.550   11/3/2004    106.770    9/3/2004    -   1.830000   -1.70

Japan  0.527100  0.522000  0.551000  0.512600    6/3/2004   0.551000   31/3/2004    +   0.023900    4.53

Euro    71.8500   70.0700   70.5400   69.6800   29/3/2004    71.5300    9/3/2004    -   1.310000   -1.82

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                                         T T CLEAN BUYING

                           AUTHORISED DEALERS RATES PER ONE UNIT OF CURRENCY

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          28.02.2004                               LAST Month RATES

          Previous

          Month   03.3.2004   31.3.2004                                    FLUCTUATIONS IN CLOSING RATES

          Closing  Opening    Closing      Highest              Lowest               Over Previous Month

          Rate                         Rate       Date       Rate         Date    +Up     Amount       %

          Rs         Rs        Rs        Rs                    Rs                  -Down     Rs

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US        57.32     57.30     57.47     57.30     3/3/2004     57.47   30/3/2004    +    0.150000   0.26

UK      107.090   105.240   105.310   103.190    11/3/2004   106.450    9/3/2004    -    1.780000  -1.66

Japan  0.525200  0.520200  0.549300  0.511100     6/3/2004  0.549300   31/3/2004    +    0.024100   4.59

Euro    71.6000   69.8200   70.3200   69.4300    29/3/2004   71.3200    9/3/2004    -    1.280000  -1.79

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