Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week (June 27 to July 02, 2005).

========================================================================================================

                                         T T & O D SELLING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

--------------------------------------------------------------------------------------------------------

                                                                           + Appreciation - Depreciation

========================================================================================================

          25.6.2005                             LAST WEEK RATES

          Previous

          Week     27.6.2005     02 7.2005                                 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

--------------------------------------------------------------------------------------------------------

U.S       59.90     59.92     59.80     59.80   2/7/2005       59.97     29/6/2005   -  0.100000   -0.17

U.K     109.140   109.280   105.730   105.730   2/7/2005     109.440     28/6/2005   -  3.410000   -3.12

Japan  0.548400  0.548200  0.535000  0.535000   2/7/2005    0.548200     27/6/2005   -  0.013400   -2.44

Euro    72.3300   72.6600   71.6300   71.6300   2/7/2005     72.8900     28/6/2005   -  0.700000   -0.97

========================================================================================================

                                         T T CLEAN BUYING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

========================================================================================================

          25.6.2005                             LAST WEEK RATES

          Previous

          Week     27.6.2005     02 7.2005                                 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

--------------------------------------------------------------------------------------------------------

U.S       59.70     59.72     59.60     59.60     2/7/2005     59.77   29/6/2005     -   0.100000  -0.17

U.K     108.770   108.910   105.380   105.380     2/7/2005   109.070   28/6/2005     -   3.390000  -3.12

Japan  0.546600  0.546400  0.533200  0.533200     2/7/2005  0.546400   27/6/2005     -   0.013400  -2.45

Euro    72.0800   72.4200   71.1200   71.1200     2/7/2005   72.6500   28/6/2005     -   0.960000  -1.33

========================================================================================================