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Following currency fluctuations took place in foreign exchange rates during the last month. (May 02 to 31, 2007)



========================================================================================================
T T CLEAN BUYING
AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY
--------------------------------------------------------------------------------------------------------
+ Appreciation - Depreciation
========================================================================================================
30.04.2007 LAST MONTH RATES
Previous
Month 02.05.2007 31.05.2007 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 60.60 60.57 60.63 60.41 12/5/2007 60.66 26/5/2007 + 0.030000 0.05
UK 120.980 120.790 119.820 119.410 22/5/2007 120.790 02/5/2007 - 1.160000 -0.96
Japan 0.507000 0.504300 0.498700 0.498200 26/5/2007 0.504900 09/5/2007 - 0.008300 -1.64
Euro 82.7000 82.1500 81.4400 81.4100 25/5/2007 82.4300 16/5/2007 - 1.260000 -1.52
========================================================================================================
T T & O D SELLING
AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY
========================================================================================================
30.04.2007 LAST MONTH RATES
Previous
Month 02.05.2007 31.05.2007 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 60.80 60.77 60.83 60.61 12/5/2007 60.85 16/5/2007 + 0.030000 0.05
UK 121.380 121.180 120.220 119.800 22/5/2007 121.180 02/5/2007 - 1.160000 -0.96
Japan 0.508700 0.505900 0.500400 0.499700 26/5/2007 0.506600 09/5/2007 - 0.008300 -1.63
Euro 82.9700 82.4300 81.7000 81.6800 25/5/2007 82.7000 16/5/2007 - 1.270000 -1.53
========================================================================================================

Copyright Business Recorder, 2007

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