--------------------------------------------------------------------------- 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 01, 2001 93009 13.31 % 2001 10.00 101.69 7.3034 98031 11.47 % 2001 40.00 101.44 7.2016 97004 12.69 % 2002 10.00 103.98 7.2776 96016

The Reserve Bank of India has changed some of the tables in its Weekly Statistical Supplement (WSS) to the monthly Bulletin of the Reserve Bank of India. Released every Saturday, the supplement contains data on economy, banking and financial markets. The changes have been necessitated on account of some recent decisions, such as, discontinuation of auctions of 14-day and 182-day Government of India Treasury Bills with effect from the week beginning May 14, 2001, opera

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES09/07/2001250434872374607481727297110/07/20013014981317125311,17049425112611/07/20012734737121784091,0956044362412/07/20012854572111107181,67969348109513/07/200125944712223114051,290474421122SALES09/07/20013356315721184149461926299110/07/200130011551318134771,16327425108611/07/2001

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 2, 2001 the application for certificate of registration submitted by the M/s. Sai Finance & Investment (India) Ltd., F-3/Chandan, 2nd Floor, Tilve Building, Erasmo Carvallo Street, Margao Salcete, Goa-403 601. As such, the above company cannot transact the business of a non-banking financial institution as defined

August 3, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.10 on 03.08.2001. 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 : DateCURRENCY 1 USD1 GBP1 EURO100 YEN02 August, 200147.120067.605441.555137.8703 August, 200147.100067.378941.499838.0100Note : The reference rate is based on 12 noon rates of a few select banks i

The Reserve Bank of India today released on its website (www.rbi.org.in) a draft bill for enforcement of securities by banks and financial institutions. The Bill is prepared by a Working Group under the chairmanship of Shri M.R.Umarji, Executive Director, Reserve Bank of India. The Draft Bill will be available on the RBI website for a period of one month for views/comments of organisations and interested persons. Views/comments may be mailed to the Chief General Manag

The results of the RBI Repo/Reverse Repo auctions held on August 3, 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) 1 6000 Nil NA2. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 (Full) 6000 6.50 NA NA NA3. Weighted average Cut-off

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14436.0010785.00 25221.00Lendings15583.252789.004730.4223102.67(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.906.92 (b) Range of rates5.47- 7.104.92- 7.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings86.007.50- 9.50Lendings130.008.00- 9.103. 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 : July 27, 2001 01006 10.25 % 2021 10.00 102.20 9.9899 01006 10.25 % 2021 15.00 102.20 9.9899 Contract Date : July 31, 2001 94009 11.75 % 200

August 2, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.12 on 02.08.2001. 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 : DateCURRENCY 1 USD1 GBP1 EURO100 YEN01 August, 200147.130067.353541.514537.7702 August, 200147.120067.605441.555137.8700Note : The reference rate is based on 12 noon rates of a few select banks i

The Reserve Bank of India will shortly issue banknotes in the denomination of Rs.20 in the Mahatma Gandhi series bearing the Mahatma Gandhi portrait in the watermark. Salient Features : The size of this Rs.20/- note has been retained at 147mm (Length) x 63mm (Width). The Ashoka Pillar watermark has been substituted with a portrait of Mahatma Gandhi with light and shade effect. The watermark window will have multi-directional lines. A security thread has been totally e

The results of the RBI Repo/Reverse Repo auctions held on August 2, 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 5005 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 5005 6.50 NA NA NA3. Weighted average Cut-off Rate (per

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 3, 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 InstitutionsTotalBorrowings14642.0010855.00 25497.00Lendings16626.002631.005540.9224797.92(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.877.00 (b) Range of rates5.98- 7.304.98- 8.002 Term Money Market*Volume(Turnover)Range of RatesBorrowings70.007.50- 9.50Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outst

--------------------------------------------------------------------------- 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 27, 2001 88008 11.50 % 2008 0.65 112.93 8.9232 Contract Date : July 30, 2001 93009 13.31 % 2001 10.00 101.73 7.2239 87006 11.00 % 2002

The Reserve Bank of India has cancelled the licence of The Friends' Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P.V. Sadanandan Asst.

The Reserve Bank of India on August 1, 2001 has notified that no further purchases of shares of M/s. DSQ Biotech Ltd., should be made on behalf of NRIs/OCBs/PIOs in the secondary markets. The Reserve Bank has stated that M/s. DSQ Biotech Ltd. has reached the overall limit of 10 per cent investment in its paid up equity capital by NRIs/OCBs/PIOs. P.V. Sadanandan Asst. ManagerPress Release: 2001-02/134 Monitoring of Investments in CompaniesFII InvestmentNRIs/OCBs/PIOs I

Date of Auction :August 1, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.717.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.28 IV.Competitive bids accepted Number:9 Amount:Rs.250.00 crore V.Partial Allotment Percentage:67.86 (4 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

August 1, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.13 on 01.08.2001. 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 : DateCURRENCY 1 USD1 GBP1 EURO100 YEN31 July, 200147.160067.337441.293337.7601 August, 200147.130067.353541.514537.7700Note : The reference rate is based on 12 noon rates of a few select banks in

The Reserve Bank of India has appointed Shri S. G. Kale, I.A.S. (Retd.) as Banking Ombudsman at Mumbai from August 1, 2001. As Banking Ombudsman, Shri Kale would have his office at Garment House, Dr. Annie Besant Road, Worli, Mumbai 400 018 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the States of Maharashtra and Goa.P.V. Sadanandan Asst. ManagerPress Release: 2001-02/132