Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month (May 04 to 31, 2004).

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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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          30.04.2004                               LAST MONTH RATES

          Previous

          Week     04.05.2004   31.05.2004                                 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        57.55     57.53     57.80     57.53   04/5/2004      57.90   17/5/2004    +   0.250000    0.43

UK      102.200   102.020   106.080   101.680   12/5/2004    106.200   28/5/2004    +   3.880000    3.80

Japan  0.522100  0.521800  0.526500  0.504100   14/5/2004   0.528600   06/5/2004    +   0.004400    0.84

Euro    68.9100   68.7400   70.5500   68.2500   10/5/2004    70.9000   28/5/2004    +   1.640000    2.38

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                                         T T CLEAN BUYING

                           AUTHORIZED DEALERS RATES PER ONE UNIT OF CURRENCY

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          30.04.2004                               LAST MONTH RATES

          Previous

          Week    04.05.2004  31.05.2004                                   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        57.27     57.33     57.60     57.33    04/5/2004     57.70   17/5/2004    +    0.330000   0.58

UK      101.840   101.660   105.710   101.330    12/5/2004   105.830   28/5/2004    +    3.870000   3.80

Japan  0.520300  0.520000  0.524700  0.502400    14/5/2004  0.526800   06/5/2004    +    0.004400   0.85

Euro    68.6700   68.5000   70.3000   68.0200    10/5/2004   70.6600   28/5/2004    +    1.630000   2.37

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