Exchange rates

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      Currencies                    Direct rates
                              TT Buying      TT Selling
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Indicative  rates  in rupees a unit at 4 p.m. on  June  8,  2001.                       

U.S. Dollar                    46.77          47.08
Sterling                       64.56          65.03
Euro                           39.78          40.06
Singapore Dollar               25.84          26.01
Japan yen (per 100)            38.78          39.03
Swiss Franc                    26.10          26.28
Australian Dollar              24.45          24.63
New Zealand dollar             19.58          19.73
Hong Kong dollar                6.00           6.04
Malaysian Ringitt              12.31          12.39
Canadian dollar                30.78          31.01
Swedish Kroner                  4.26           4.30
Kuwaiti Dinar                 151.65         152.69
UAE dirham                     12.73          12.82
Bahrain Dinar                 124.03         124.93
Qatary Riyal                   12.84          12.94
Saudi Riyal                    12.47          12.56
Omani Riyal                   121.32         122.43
D. Marks                       20.34          20.48
French Franc                    6.06           6.11
Netherland Guildar             18.05          18.18
Italian Lira (per 100)          2.05           2.07

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Source: Indian Bank

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