Following currency fluctuations took place in foreign exchange rates during the last week. (December 26 to 31, 2005).

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                                       T T & O D SELLING
                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY
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                                                                           + Appreciation - Depreciation
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          24.12.2005                            LAST WEEK RATES
          Previous
          Week    26.12.2005   31.12.2005                                  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        59.95     59.93     59.93     59.93   26/12/2005     59.96   30/12/2005   -    0.020000  -0.03
UK      103.930   103.850   103.240   103.160   29/12/2005   103.850   26/12/2005   -    0.690000  -0.66
Japan  0.516000  0.515000  0.509200  0.508200   29/12/2005  0.515000   26/12/2005   -    0.006800  -1.32
Euro    71.1200   70.9300   70.9500   70.9300   26/12/2005   71.1600   30/12/2005   -    0.170000  -0.24
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                                       T T CLEAN BUYING
                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY
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          24.12.2005                            LAST WEEK RATES
          Previous
          Week    26.12.2005   31.12.2005                                  FLUCTUATIONS IN CLOSING RATES
          Closing  Opening      Closing     Highest                 Lowest            Over Previous Week
          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        59.75     59.73     59.73     59.73   26/12/2005     59.76   30/12/2005   -    0.020000  -0.03
UK      103.580   103.500   102.900   102.820   29/12/2005   103.500   26/12/2005   -    0.680000  -0.66
Japan  0.514300  0.513300  0.507500  0.505200   29/12/2005  0.513300   26/12/2005   -    0.006800  -1.32
Euro    70.8800   70.6900   70.7100   70.6900   26/12/2005   70.9300   30/12/2005   -    0.170000  -0.24
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