Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (July 2-30, 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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         30.6.2005                          LAST MONTH RATES

         Previous

         Month     2.7.2005  30.7.2005                                     FLUCTUATIONS IN CLOSING RATES

         Closing   Opening   Closing     Highest                Lowest               Over Previous Month

         Rate                         Rate         Date      Rate         Date    +Up     Amount       %

         Rs          Rs        Rs      Rs                     Rs                 -Down      Rs

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US        59.88     59.80     59.75     59.72    9/7/2005      59.83    4/7/2005    -   0.130000   -0.22

UK      108.240   105.730   105.000   103.770   25/7/2005    106.120   13/7/2005    -   3.240000   -2.99

Japan  0.543300  0.535000  0.529900  0.528400   20/7/2005   0.538200   13/7/2005    -   0.013400   -2.47

Euro    72.4100   71.6300   72.7800   71.2000    6/7/2005    73.0400   13/7/2005    +   0.370000    0.51

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                                        T T CLEAN BUYING

                          AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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         30.6.2005                          LAST MONTH RATES

         Previous

         Month     2.7.2005    30.7.2005                                   FLUCTUATIONS IN CLOSING RATES

         Closing   Opening      Closing     Highest                Lowest            Over Previous Month

         Rate                         Rate        Date       Rate         Date    +Up     Amount       %

         Rs        Rs        Rs        Rs                     Rs                  Down     Rs

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US        59.68     59.60     59.55     56.55   28/7/2005     59.63    4/7/2005     -   0.130000   -0.22

UK      107.870   105.380   104.650   103.420   27/7/2005   105.760   13/7/2005     -   3.220000   -2.99

Japan  0.541400  0.533200  0.528100  0.526600   20/7/2005  0.536400   13/7/2005     -   0.013300   -2.46

Euro    72.1700   71.1200   72.5300   70.9600    6/7/2005   72.8000   13/7/2005     +   0.360000    0.50

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