Date of Auction :July 4, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.505.00 crore (b) Non-competitive bids Number:1 Amount:Rs.350.00 crore III.Cut-off price:Rs.98.27 IV.Competitive bids accepted Number:13 Amount:Rs.250.00 crore V.Partial Allotment Percentage:47.06 (3 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.350.00 crore (b)Partial Allotment Percentage:N.A.P.V. Sadanan

July 4, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.11 on 4.07.2001. 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 YEN03 July, 200147.150066.790339.962038.0404 July, 200147.110066.241439.930437.7500Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

The results of the RBI Repo/Reverse Repo auctions held on July 04, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for one day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 2 10,000 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 2 6000 (partial) 6.50 NA NA NA3. Weighted average Cut-off

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced one 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 5, 2001 (Thursday) for scheduled commercial banks and Primary Dealers holding SGL Account 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 InstitutionsTotalBorrowings16085.0011489.00 27574.00Lendings17455.001909.005810.4525174.45(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.187.18 (b) Range of rates6.13-7.505.13-7.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings50.009.50-9.50Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstand

--------------------------------------------------------------------------- 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 : June 26, 2001 00016 11.40 % 2008 5.00 112.48 8.9974 Contract Date : June 27, 2001 00017 11.50 % 2011 0.90 112.94 9.5113 Contract Date : Jun

July 3, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.15 on 3.07.2001. 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 YEN02 July, 200147.070066.500539.870637.7803 July, 200147.150066.790339.962038.0400Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

The results of the RBI Repo/Reverse Repo auctions held on July 03, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for one day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 1 6000 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 6000 6.50 NA NA NA3. Weighted average Cut-off Rate (per c

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced one-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 4, 2001 (Wednesday) for scheduled commercial banks and Primary Dealers holding SGL Account and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications before 10.30 a.m.

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES11/06/20013001087131585751,2511395121431312/06/2001335663719135578215258080313/06/200128876821085691,17171802106514/06/2001287892631564551,2574948192515/06/20012997338926114881,516354691583SALES11/06/2001278125261217495831,226855791441312/06/20012881488718194848773860280413/06/2001