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Following currency fluctuations took place in foreign exchange rates during the last month (February 6 - 28, 2004).

========================================================================================================
T T & O D SELLING
AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY
--------------------------------------------------------------------------------------------------------
+ Appreciation - Depreciation
========================================================================================================
31.1.2004 LAST MONTH RATES
Previous
Month 6.2.2004 28 2.2004 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
--------------------------------------------------------------------------------------------------------
U.S 57.58 57.55 57.52 57.40 25/2/2004 57.62 10/2/2004 - 0.060000 -0.10
U.K 105.040 105.520 107.470 105.520 06/2/2004 109.720 18/2/2004 + 2.430000 2.31
Japan 0.545500 0.542500 0.527100 0.524600 27/2/2004 0.546400 12/2/2004 - 0.018400 -3.37
Euro 71.7800 72.2200 71.8500 71.5200 27/2/2004 73.9200 18/2/2004 + 0.070000 0.10
========================================================================================================
T T CLEAN BUYING
AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY
========================================================================================================
31.1.2004 LAST MONTH RATES
Previous
Month 6.2.2004 28 2.2004 FLUCTUATIONS IN CLOSING RATES
Closing Opening Closing Highest Lowest ver Previous Month
Rate Rate Date Rate Date +Up Amount %
Rs Rs Rs Rs Rs -Down Rs
--------------------------------------------------------------------------------------------------------
U.S 57.38 57.35 57.32 57.23 21/2/2004 57.42 10/2/2004 - 0.060000 -0.10
U.K 104.680 105.150 107.090 105.150 06/2/2004 109.340 18/2/2004 + 2.410000 2.30
Japan 0.543600 0.540700 0.525200 0.523100 27/2/2004 0.544500 12/2/2004 - 0.018400 -3.38
Euro 71.5300 71.9700 71.6000 71.3100 27/2/2004 73.6800 18/2/2004 + 0.070000 0.10
========================================================================================================

Copyright Business Recorder, 2004

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