In view of the national importance attached to exports growth RBI has been impressing upon the banks the need for expeditious dispensation of export credit. In this context, the Bank had issued detailed guidelines to banks on February 28, 1999 for simplifying the procedures for delivery of export credit. Further suggestions on simplification of procedures were invited from exporters, particularly, those located in non-metropolitan centres. Based on the suggestions rec

--------------------------------------------------------------------------- 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 : July 14, 2001 00012 11.03 % 2012 5.00 109.80 9.5704 00012 11.03 % 2012 5.00 109.81 9.5690 Contract Date : July 16, 2001 01007 9.39 % 2011 5

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14697.008599.00 23296.00Lendings15029.002101.006219.6523349.65(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.397.37 (b) Range of rates6.36-7.905.99-8.002 Term Money Market*Volume(Turnover)Range of RatesBorrowings757.007.00-7.50Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstand

July 19, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.16 on 19.07.2001. 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 : DateCURRENCY 1 USD1 GBP1 EURO100 YEN18 July, 200147.110066.024740.587637.6319 July, 200147.160066.922441.140038.0600Note : The reference rate is based on 12 noon rates of a few select banks in Mum

There were no bids received for Repo and Reverse Repo auctions today (19.07.2001) 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 July 20, 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 InstitutionsTotalBorrowings14068.007918.00 21986.00Lendings13095.001711.005843.6220649.62(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.857.86 (b) Range of rates6.84-8.255.84-8.402 Term Money Market*Volume(Turnover)Range of RatesBorrowings150.008.00-8.00Lendings10.009.30-9.303. Standing Liquidity Facility Availed from RBI $ Amou

--------------------------------------------------------------------------- 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 : July 16, 2001 97011 11.15 % 2002 5.00 103.87 7.4811 98004 11.10 % 2003 10.00 105.48 7.6331 98004 11.10 % 2003 10.00 105.48 7.6331 94003 12.

Date of Auction :July 18, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:24 Amount:Rs.452.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.25 IV.Competitive bids accepted Number:11 Amount:Rs.250.00 crore V.Partial Allotment Percentage:N.A. VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.P.V.Sadanandan Asstt. ManagerPress Release :

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 June 29, 2001 the application for certificate of registration submitted by M/s. Apollo Tradelink Pvt. Ltd., P-27, Princep Street, 3rd Floor, Kolkata-700 007.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,