Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month (February 1 to 28, 2006)

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

                                       T T & O D SELLING

                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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

                                                                           + Appreciation - Depreciation

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

        31.1.2006                           LAST MONTH RATES

        Previous

        Month     1.2.2006  28.2.2006                                      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

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

US        59.98     60.02     59.98     59.95  10/2/2006     60.15    22/2/2006  N.C   0.000000     0.00

UK      106.160   106.740   104.410   104.130  17/2/2006   106.800    03/2/2006   -    1.750000    -1.65

Japan  0.510100  0.511800  0.515200  0.504500  04/2/2006  0.515200    28/2/2006   +    0.005100     1.00

Euro    72.5800   72.9000   71.1500   71.1500  28/2/2006   72.9000    01/2/2006   -    1.430000    -1.97

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

                                       T T CLEAN BUYING

                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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

        31.1.2006                           LAST MONTH RATES

        Previous

        Month     1.2.2006  28.2.2006                                      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

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

US        59.78     59.82     59.78     59.75  10/2/2006     59.95    22/2/2006  N.C   0.000000     0.00

UK      105.810   106.380   104.060   103.780  17/2/2006   106.440    03/2/2006   -    1.750000    -1.65

Japan  0.508400  0.510100  0.513500  0.502800  04/2/2006  0.513500    28/2/2006   +    0.005100     1.00

Euro    72.3400   72.6600   70.9100   70.9100  28/2/2006   72.6600     1/2/2006   -    1.430000    -1.98

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