Following currency fluctuations took place in foreign exchange rates during the last week (August 16 to 21, 2004).

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                                         T T & O D SELLING
                           AUTHORISED DEALERS RATES PER ONE UNIT OF CURRENCY
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                                                                           + Appreciation - Depreciation
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          13.8.2004                         LAST WEEK RATES
          Previous
          Week      16.8.2004   21.8.2004                                  FLUCTUATIONS IN CLOSING RATES
          Closing   Opening    Closing     Highest                Lowest              Over Previous Week
          Rate                         Rate       Date        Rate         Date   +Up     Amount       %
          Rs        Rs        Rs        Rs                     Rs                -Down      Rs
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US        58.90     58.90     58.90     58.90   16/8/2004      59.02   17/8/2004  N.C   0.000000    0.00
UK      107.230   108.520   107.190   107.190   21/8/2004    108.650   17/8/2004    -   0.040000   -0.04
Japan  0.527400  0.532700  0.539700  0.532700   16/8/2004   0.540000   20/8/2004    +   0.012300    2.33
Euro    72.0400   72.8900   72.5600   72.5600   21/8/2004    72.9600   17/8/2004    +   0.520000    0.72
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                                         T T CLEAN BUYING
                           AUTHORISED DEALERS RATES PER ONE UNIT OF CURRENCY
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          13.8.2004                         LAST WEEK RATES
          Previous
          Week     16.8.2004     21.8.2004                                 FLUCTUATIONS IN CLOSING RATES
          Closing  Opening      Closing    Highest               Lowest               Over Previous Week
          Rate                         Rate       Date       Rate         Date    +Up     Amount       %
          Rs        Rs        Rs        Rs                    Rs                  -Down     Rs
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US        58.70     58.70     58.70     58.70    16/8/2004     58.82   17/8/2004  N.C    0.000000   0.00
UK      106.870   108.150   106.820   106.820    21/8/2004   108.280   17/8/2004    -    0.050000  -0.05
Japan  0.525600  0.530900  0.537900  0.530900    16/8/2004  0.538200   20/8/2004    +    0.012300   2.34
Euro    71.8000   72.6400   72.3100   72.3100    21/8/2004   72.7200   17/8/2004    +    0.510000   0.71
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