Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week on (July 12 to 17, 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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          10.7.2004                               LAST WEEK RATES

          Previous

          Week     12.7.2004  17 7.2004                                    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        58.45     58.45     58.33     58.32   14/7/2004      58.45   12/7/2004    -   0.120000   -0.21

UK      108.690   108.560   109.230   108.090   16/7/2004    109.230   17/7/2004    +   0.540000    0.50

Japan  0.540200  0.541400  0.536400  0.532500   15/7/2004   0.541400   12/7/2004    -   0.003800   -0.70

Euro    72.5600   72.4300   72.6400   71.2100   15/7/2004    72.6400   17/7/2004    +   0.080000    0.11

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                                         T T CLEAN BUYING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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          10.7.2004                               LAST WEEK RATES

          Previous

          Week    12.7.2004  17 7.2004                                    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        58.25     58.25     58.13     58.12    14/7/2004     58.25   12/7/2004    -    0.120000  -0.21

UK      108.320   108.190   108.850   107.710    16/7/2004   108.850   17/7/2004    +    0.530000   0.49

Japan  0.538300  0.539600  0.534500  0.530700    15/7/2004  0.539600   12/7/2004    -    0.003800  -0.71

Euro    72.3100   72.1900   72.3900   71.7000    14/7/2004   72.3900   17/7/2004    +    0.080000   0.11

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