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Following currency fluctuations took place in foreign exchange rates during the last week (June 21 to June 26, 2004).

========================================================================================================
T T & O D SELLING
AUTHORISED DEALERS RATES PER ONE UNIT OF CURRENCY
--------------------------------------------------------------------------------------------------------
+ Appreciation - Depreciation
========================================================================================================
19.06.2004 LAST WEEK RATES
Previous
Week 21.06.2004 26.06.2004 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 58.10 58.10 58.25 57.12 22/6/2004 58.30 24/6/2004 + 0.150000 0.26
UK 106.780 106.790 106.350 105.710 24/6/2004 106.790 21/6/2004 - 0.430000 -0.40
Japan 0.534300 0.535900 0.540900 0.535000 23/6/2004 0.542500 25/6/2004 + 0.006600 1.24
Euro 70.5500 70.4700 71.0700 70.3800 24/6/2004 71.0700 26/6/2004 + 0.520000 0.74
========================================================================================================
T T CLEAN BUYING
AUTHORISED DEALERS RATES PER ONE UNIT OF CURRENCY
========================================================================================================
19.06.2004 LAST WEEK RATES
Previous
Week 21.06.2004 26.06.2004 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 57.90 57.90 58.05 57.90 21/6/2004 58.10 24/6/2004 + 0.150000 0.26
UK 106.410 106.420 105.980 105.350 24/6/2004 106.420 21/6/2004 - 0.430000 -0.40
Japan 0.532400 0.534000 0.539100 0.533200 23/6/2004 0.540700 25/6/2004 + 0.006700 1.26
Euro 70.3100 70.2300 70.8200 70.1400 24/6/2004 70.8200 26/6/2004 + 0.510000 0.73
========================================================================================================

Copyright Business Recorder, 2004

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