(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13989.009278.00 23267.00Lendings14308.001357.005346.8621011.86(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.047.04 (b) Range of rates5.59- 7.345.06- 7.902 Term Money Market*Volume(Turnover)Range of RatesBorrowings95.007.70- 9.05Lendings104.007.70- 9.753. Standing Liquidity Facility Availed from RBI $

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : August 17, 2001 97010 11.19 % 2005 5.00 112.15 7.5991 00016 11.40 % 2008 10.00 115.53 8.4284 99006 11.99 % 2009 5.00 116.13 9.0179 01007 9.

Three State Governments have announced the sale of 10-year stock to the public by auction for an aggregate amount of Rs.740 crore as detailed below :StateAmount (Rs.crore)Maharashtra290Punjab130Tamil Nadu320 740The auction will be conducted by Mumbai (Fort) office of the Reserve Bank of India on Tuesday, August 28, 2001. Tenders should be submitted in the prescribed form on Tuesday, August 28, 2001 before 14.30 hrs. Results will be announced the same evening. Payment

The on tap sale of 9.56 per cent Kerala State Development Loan, 2011 received good response and was, therefore, closed at 12.10 hrs. today. The sale received approximately Rs.290 crore. The on tap sale of 9.56 per cent Kerala State Development Loan, 2011 opened for subscription on August 23, 2001 at the Reserve Bank of India, Mumbai and Thiruvananthapuram. Ajit Prasad ManagerPress Release : 2001-02/218

August 23, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.12 on 23.08.2001. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of major currencies against the rupee are given below : Date CURRENCY 1 USD1 GBP1 EURO100 YEN20 August, 200147.130068.161843.329039.1823 August, 200147.120068.248643.065339.2000Note : The reference rate is based on 12 noon rates of a few select banks

There were no bids received for Repo and Reverse Repo auctions today (23.08.2001) under Liquidity Adjustment Facility.

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced three day repo auction and reverse repo auction in Government of India dated securities and treasury bills of all maturities of 91, 182 and 364 day Treasury Bills on August 24, 2001 (Friday) for scheduled commercial banks and Primary Dealers holding SGLAccount and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications before 10.30 a.m

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings4995.002117.00 7112.00Lendings3839.00421.002559.516819.51(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.977.00 (b) Range of rates5.96-7.156.50-7.252 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate of Intere

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : August 17, 2001 94009 11.75 % 2001 0.47 100.10 6.9718 94009 11.75 % 2001 0.15 100.10 6.9718 94009 11.75 % 2001 0.15 100.10 6.9718 94009 11.

The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on August 17, 2001 the application for certificate of registration submitted by M/s.Bhagyashali Agrotech (India) Ltd., C-1,717-718, Madangir, New Delhi-110 062. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act