Following currency fluctuations took place in foreign exchange rates during the last month. (December 01 to 31, 2010)

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                                           T T CLEAN BUYING
                         AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY
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        30.11.2010                           LAST MONTH RATES
        Previous
        Month    01.12.2010   31.12.2010                                   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
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US        85.70     85.60     85.70     85.55  02/12/2010     85.78  28/12/2010  N.C   0.000000     0.00
UK      133.260   133.340   132.340   131.880  24/12/2010   135.800  14/12/2010   -    0.920000    -0.69
Japan  1.018200  1.023800  1.051500  1.017600  02/12/2010  1.053100  30/12/2010   +    0.033300     3.27
Euro    112.330   111.280   113.930   111.280  01/12/2010   114.880  04/12/2010   +    1.600000     1.42
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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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        30.11.2010                           LAST MONTH RATES
        Previous
        Month    01.12.2010   31.12.2010                                   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
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US        85.90     85.80     85.90     85.75  02/12/2010     85.98  28/12/2010  N.C   0.000000     0.00
UK      133.570   133.650   132.650   132.190  24/12/2010   136.110  14/12/2010   -    0.920000    -0.69
Japan  1.020600  1.026200  1.054000  1.020000  02/12/2010  1.055500  30/12/2010   +    0.033400     3.27
Euro    112.590   111.540   114.190   111.540  01/12/2010   115.140  04/12/2010   +    1.600000     1.42
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