All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES18/06/200132651935411942590824546105319/06/2001310551461314466996644141971220/06/2001296441871883981,420129441981321/06/20012435616923225611,05655448133822/06/20012784534929145351,0217140411810SALES18/06/2001357141215451640780440526107319/06/200121211610512144821,069724331931220/06

--------------------------------------------------------------------------- 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 10, 2001 94003 12.50 % 2004 10.00 111.46 7.7100 00016 11.40 % 2008 5.00 114.75 8.5895 01007 9.39 % 2011 5.00 101.29 9.1891 00017 11.50

The Reserve Bank of India on July 13, 2001 has notified that no further purchases of shares of M/s IDL Industries Ltd. should be made on behalf of non-resident Indians (NRIs) / overseas corporate bodies (OCBs) and persons of Indian Origin (PIOs) without obtaining prior clearance of the Reserve Bank. The Reserve Bank has stated that the net purchases of equity shares of the company in the secondary markets have reached the limit of eight per cent of its paid up equity

July 13, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.16 on 13.07.2001. 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 YEN12 July, 200147.180066.464840.459238.0113 July, 200147.160066.160840.173237.9900Note : The reference rate is based on 12 noon rates of a few select banks in Mum

The results of the RBI Repo/Reverse Repo auctions held on July 13, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for three day repo period: (i) Number (ii) Amount (Face value in Rs. crore) Nil NA 2 602. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA 2 60 8.503. Weighted average Cut-off Rate (per c

The results of the RBI OMO Auction of 12.59% Government Stock 2004 held on July 12, 2001 are : Auction Results I.Notified amount: Rs.5000.00 crore II.Bids received (i) Number:99 (ii) Amount:Rs.8415.00 crore III.Cut-off Yield:Rs.112.25 (YTM) (7.8258%)IV.Bids accepted (i) Number:28 (ii) Amount:Rs.5000.00 crore V.Partial Allotment Percentage:75 (4 Bids) VI.Weighted Average Price:Rs.112.41P.V. Sadanandan Asst. ManagerPress Release : 2001-02/52

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13683.0011861.00 25544.00Lendings16000.002737.004520.7023257.70(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.876.89 (b) Range of rates5.92- 7.105.96- 7.802 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate o

--------------------------------------------------------------------------- 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 10, 2001 94009 11.75 % 2001 7.00 100.50 7.4905 94009 11.75 % 2001 10.00 100.46 7.8073 94009 11.75 % 2001 5.00 100.46 7.8073 94009 11.7

July 12, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.18 on 12.07.2001. 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 YEN11 July, 2001 47.160066.502740.300637.5212 July, 2001 47.180066.464840.459238.0100Note : The reference rate is based on 12 noon rates of a few select banks in M

There were no bids received for repo and reverse repo auctions today under Liquidity Adjustment Facility.P.V. Sadanandan Asst. ManagerPress Release : 2001-02/49