Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter (January 04 to March 31, 2007).

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                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY                             -

                                       T T CLEAN BUYING                                                -

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                                                                           + Appreciation - Depreciation

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          30.12.2006                           LAST QUARTER RATES

          Previous                                                                                     -

          Quarter  04.01.2007   31.03.2007                                 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        60.78      60.78      60.63      60.52   19/2/2007      60.90    8/1/2007   -  0.150000  -0.25

UK      119.000    118.680    119.290    116.920    6/3/2007    120.250   24/1/2007   +  0.290000   0.24

Japan  0.510500   0.509100   0.514700   0.497600   12/2/2007   0.523900    5/3/2007   +  0.004200   0.82

Euro    80.2300    80.0900    80.9800     7.7580   15/1/2007    81.1300   22/3/2007   +  0.750000   0.93

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                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY                             -

                                       T T & O D SELLING                                               -

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          30.12.2006                           LAST QUARTER RATES

          Previous                                                                                     -

          Quarter  04.01.2007   31.03.2007                                 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        60.98      60.98      60.83      16.08   15/1/2007      61.10    8/1/2007   -  0.150000  -0.25

UK      119.390    119.070    119.680    117.300    6/3/2007    120.640   24/1/2007   +  0.290000   0.24

Japan  0.512200   0.510800   0.516400   0.499300   12/2/2007   0.525600    5/3/2007   +  0.004200   0.82

Euro    80.4900    80.3500    81.2400    78.6400   26/1/2007    81.3900   22/3/2007   +  0.750000   0.93

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