Your rupee last half year

Following currency fluctuations took place in foreign exchange rates during last half year. (January 3 to June 30, 2005)

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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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         31.12.2004                    LAST HALF YEAR RATES

         Previous

         half year 3.1.2005    30 6.2005                                   FLUCTUATIONS IN CLOSING RATES

         Closing   Opening      Closing     Highest                Lowest        Over Previous half year

         Rate                         Rate       Date        Rate         Date   +Up     Amount        %

         Rs          Rs        Rs      Rs                     Rs                -Down      Rs

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US        59.65     59.60     59.88     59.35   27/1/2005      59.97     29/6/2005   +  0.230000    0.39

UK      114.840   113.600   108.240   108.000   14/6/2005    114.550     12/3/2005   -  6.600000   -5.75

Japan  0.581200  0.580000  0.543300  0.543300   30/6/2005   0.583600     15/1/2005   -  0.037900   -6.52

Euro    81.1900   80.2100   72.4100   71.8700   24/6/2005    80.4400      4/1/2005   -  8.780000  -10.81

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                                        T T CLEAN BUYING

                          AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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         31.12.2004                    LAST HALF YEAR RATES

         Previous

         half year 3.1.2005    30 6.2005                                   FLUCTUATIONS IN CLOSING RATES

         Closing   Opening      Closing     Highest                Lowest        Over Previous half year

         Rate                         Rate       Date       Rate         Date    +Up     Amount       %

         Rs        Rs        Rs        Rs                    Rs                  -Down     Rs

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US        59.45     59.40     59.68     59.15    27/1/2005     59.77   29/6/2005     +   0.230000   0.39

UK      114.460   113.220   107.870   107.640    14/6/2005   114.160    9/3/2005     -   6.590000  -5.76

Japan  0.579300  0.578000  0.541400  0.541400    30/6/2005  0.581600   15/1/2005     -   0.037900  -6.54

Euro    80.9200   79.9400   72.1700   71.6300    24/6/2005   80.1700    4/1/2005     -   8.750000 -10.81

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