Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (July 2 to September 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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        30.06.2005                          LAST QUARTER RATES

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        Quarter  02.07.2005   30.09.2005                                   FLUCTUATIONS IN CLOSING RATES

        Closing   Opening      Closing     Highest                Lowest           Over Previous Quarter

        Rate                         Rate       Date        Rate         Date   +Up     Amount         %

        Rs          Rs        Rs      Rs                     Rs                -Down      Rs

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US        59.88     59.80     59.85     59.72    9/7/2005      59.99     16/9/2005   -  0.030000   -0.05

UK      108.240   105.730   105.490   103.770   25/7/2005    110.590      5/9/2005   -  2.750000   -2.54

Japan  0.543300  0.535000  0.529700  0.528400   20/7/2005   0.548100      5/9/2005   -  0.013600   -2.50

Euro    72.4100   71.6300   72.1300   71.2000    6/7/2005    75.3400      6/8/2005   -  0.280000   -0.39

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                                       T T CLEAN BUYING

                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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        30.06.2005                          LAST QUARTER RATES

        Previous

        Quarter  02.07.2005   30.09.2005                                   FLUCTUATIONS IN CLOSING RATES

        Closing   Opening      Closing     Highest                Lowest           Over Previous Quarter

        Rate                         Rate       Date       Rate         Date    +Up     Amount         %

        Rs        Rs        Rs        Rs                    Rs                  -Down     Rs

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US        59.68     59.60     59.65     56.55    28/7/2005     59.85   13/9/2005     -  0.030000   -0.05

UK      107.870   105.380   105.130   103.420    27/7/2005   110.220    5/9/2005     -  2.740000   -2.54

Japan  0.541400  0.533200  0.527900  0.526600    20/7/2005  0.546200    5/9/2005     -  0.013500   -2.49

Euro    72.1700   71.1200   71.8900   70.9600     6/7/2005   75.0900    6/8/2005     -  0.280000   -0.39

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