Following currency fluctuations took place in foreign exchange rates during the last month. (May 02 - 07, 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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          30.4.2005                          LAST MONTH RATES

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          Week     2.5.2005     7.5.2005                                   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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U.S       59.40     59.43     59.40     59.38   03/5/2005      59.45     04/5/2005 N.C  0.000000    0.00

U.K     113.360   113.280   112.350   112.350   07/5/2005    113.280     02/5/2005   -  1.010000   -0.89

Japan  0.567300  0.564300  0.565600  0.564100   03/5/2005   0.567900     06/5/2005   -  0.001700   -0.30

Euro    76.4700   76.4000   76.0800   76.0800   07/5/2005    77.0100     04/5/2005   -  0.390000   -0.51

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                                         T T CLEAN BUYING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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          30.4.2005                          LAST WEEK RATES

          Previous

          Week     2.5.2005     7.5.2005                                   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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U.S       59.40     59.43     59.40     59.38    03/5/2005     59.45   04/5/2005   N.C   0.000000   0.00

U.K     113.360   113.280   112.350   112.350    07/5/2005   113.280   02/5/2005     -   1.010000  -0.89

Japan  0.567300  0.564300  0.565600  0.564100    03/5/2005  0.567900   06/5/2005     -   0.001700  -0.30

Euro    76.4700   76.4000   76.0800   76.0800    07/5/2005   77.0100   04/5/2005     -   0.390000  -0.51

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Copyright Business Recorder, 2005