Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (November 13 to 18, 2006)

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

                                       T T & O D SELLING

                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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

                                                                           + Appreciation - Depreciation

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

        11.11.2006                          LAST MONTH RATES

        Previous

        Month    13.11.2006   18.11.2006                                   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

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

U.S       60.60     60.63     60.68     60.63  13/11/2006    60.70   16/11/2006   +    0.080000     0.13

U.K     115.680   115.740   115.03 0  114.480  17/11/2006  115.740   13/11/2006   -    0.650000    -0.56

Japan  0.515500  0.517100  0.515300  0.512600  17/11/2006 0.517100   13/11/2006   -    0.000200    -0.04

Euro    77.8000   78.0200   77.8600   77.5400  17/11/2006  78.0200   13/11/2006   +    0.060000     0.08

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

                                       T T CLEAN BUYING

                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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

        11.11.2006                          LAST MONTH RATES

        Previous

        Month    13.11.2006   18.11.2006                                   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

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

U.S       60.80      60.83      60.88      60.83  13/11/2006    60.90   16/11/2006  +   0.080000    0.13

U.K     116.060    116.120    115.410    114.860  17/11/2006  116.120   13/11/2006  -   0.650000   -0.56

Japan  0.517200   0.518800   0.517000   0.514300  17/11/2006 0.518800   13/11/2006  -   0.000200   -0.04

Euro    78.0600    78.2800    78.1200    77.7900  17/11/2006  78.2800   13/11/2006  +   0.060000    0.08

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