Date of Auction :April 12, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:17 Amount:Rs.248.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.99.72 IV.Competitive bids accepted Number:12 Amount:Rs.100.00 crore V.Partial Allotment Percentage:16.05 (5 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A. VIII.Weighted Average Price:99.73

Date of Auction :April 12, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:20 Amount:Rs.273.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.00 IV.Competitive bids accepted Number:7 Amount:Rs.100.00 crore V.Partial Allotment Percentage:75.00 (2 bids) VI .Devolvement on RBI:NIL VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.P.V. Sadanandan Asst. ManagerPress

April 12, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.89 on 12.04.2001. 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 April, 200146.580066.853941.933637.5712 April, 200146.890067.355141.614938.0800Note : The reference rate is based on 12 noon rates of a few select banks in

The Reserve Bank of India has announced the auction of 364 day Government of India treasury bills for a notified amount of Rs.750 crore. State Governments are allowed to participate as non-competitive bidders and the allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government

The Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government of India.Tenders should be submitted in the prescribed form on Friday, April

The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.100 crore. The auction will be conducted using 'Uniform Price Auction' method. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government of India

The Government of Kerala have announced the sale of 10-year stock to the public by auction for Rs.200 crore. The auction will be conducted by Mumbai (Fort) office of the Reserve Bank of India on April 17, 2001. Tenders should be submitted in the prescribed form on Tuesday, April 17, 2001 before 14.30 hrs. Results will be announced the same evening. Payment by successful bidders will be on Wednesday, April 18, 2001. This is the first auction of State loans during the y

The results of the RBI Repos/Reverse Repo auctions held on April 12, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for four day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 6 19,170 Nil NA2. Applications accepted for four day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 6 19,170 7.00 Nil NA NA

As announced in October 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI-SEBI Technical Committee has reviewed the RBI guidelines on banks' investments in shares, as also, advances against shares and other connected exposures. The Report of the Committee has been submitted to the Reserve Bank of India today. In making its recommendations, the Committee has taken into account the recent experiences of the banks and the expos

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 April 16, 2001 (Monday) 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 11.00 a.m.