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Following currency fluctuations took place in foreign exchange rates during the last week (June 14 to June 19, 2004).

========================================================================================================
T T & O D SELLING
AUTHORISED DEALERS RATES PER ONE UNIT OF CURRENCY
--------------------------------------------------------------------------------------------------------
+ Appreciation - Depreciation
========================================================================================================
12.06.2004 LAST WEEK RATES
Previous
Week 14.06.2004 19.06.2004 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
--------------------------------------------------------------------------------------------------------
US 57.98 57.98 58.10 57.98 14/6/2004 58.10 19/6/2004 + 0.120000 0.21
UK 105.370 105.220 106.780 105.220 14/6/2004 106.780 19/6/2004 + 1.410000 1.34
Japan 0.526300 0.523500 0.534300 0.523500 14/6/2004 0.534300 19/6/2004 + 0.008000 1.52
Euro 69.6500 69.4300 70.5500 69.4300 14/6/2004 70.5500 19/6/2004 + 0.900000 1.29
========================================================================================================
T T CLEAN BUYING
AUTHORISED DEALERS RATES PER ONE UNIT OF CURRENCY
========================================================================================================
12.06.2004 LAST WEEK RATES
Previous
Week 14.06.2004 19.06.2004 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
--------------------------------------------------------------------------------------------------------
US 57.78 57.78 57.90 57.77 18/6/2004 57.90 19/6/2004 + 0.120000 0.21
UK 105.010 104.860 106.410 104.860 14/6/2004 106.410 19/6/2004 + 1.400000 1.33
Japan 0.524500 0.521700 0.532400 0.521700 14/6/2004 0.532400 19/6/2004 + 0.007900 1.51
Euro 69.4100 69.1900 70.3100 69.1900 14/6/2004 70.3100 19/6/2004 + 0.900000 1.30
========================================================================================================

Copyright Business Recorder, 2004

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