(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13650.0012480.00 26130.00Lendings19321.001851.004426.0025598.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.856.89 (b) Range of rates6.00-7.154.75-7.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings17.007.05-9.75Lendings -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 : May 29, 2001 00016 11.40 % 2008 10.00 110.08 9.4432 00016 11.40 % 2008 4.28 110.075 9.4441 99005 12.32 % 2011 10.00 114.10 10.0050 99005 12

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 May 28, 2001 the application for certificate of registration submitted by M/s. Crester Global Finance Ltd., having its Registered Office at Plot No.112, 8-3-110/1/A, 1st floor, Srinagar Colony, Hyderabad-500 073, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact th

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 May 4, 2001 the application for certificate of registration submitted by the M/s. Shariah Islamic Finance & Investment Co. (I) Ltd., 7-B/244, Shariah House, petwala Compound, Maulana Azad Road, Mumbai 400 008. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clau

June 1, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.05 on 01.06.2001. 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 May, 2001 46.990066.852740.044939.3901 June, 2001 47.050066.853339.870239.5600Note : 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 June 1, 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 7800 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 7800 6.50 NA NA NA3. Weighted average Cut-off Rate (pe

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings12986.0013092.00 26078.00Lendings17828.002183.004527.0024538.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.917.01 (b) Range of rates6.00-7.154.91-8.252 Term Money Market*Volume(Turnover)Range of RatesBorrowings50.008.55-8.55Lendings8.0011.00-11.003. Standing Liquidity Facility Availed from RBI $ Amo

--------------------------------------------------------------------------- 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 : May 28, 2001 84002 9.50 % 2008 5.00 100.15 9.4638 99004 12.29 % 2010 10.00 113.38 9.9452 99004 12.29 % 2010 10.00 113.435 9.9364 00014 11.3

The Central Government has reconstituted the four Local Boards of the Reserve Bank of India. The following persons have been appointed as members of Local Boards of the Reserve Bank of India for a period of four years with effect from May 24, 2001: Eastern Area Local BoardShri P.D. Chittalangiya, Industrialist, Sarda Plywod Industries Ltd., Shri A.K. Saikia, Retd. IAS, Shri Sovan Kanungo, Retd. IAS Smt. Kiran Ghai, Reader, Department of Hindi, Patna Women's College Co

The Basel Committee on Banking Supervision, which is setting global standards and benchmarks on regulatory/supervisory practices, had released in June 1999, a Consultative Paper on a New Capital Adequacy Framework for comments by market players and Central Banks. Recognising the implications of the new framework for emerging markets, particularly for India, The Reserve Bank of India had forwarded its comments on the new framework to the Basel Committee in March 2000.

May 31, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.99 on 31.05.2001. 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 YEN30 May, 200146.960066.791240.272939.0231 May, 200146.990066.852740.044939.3900Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai

The results of the RBI Repo/Reverse Repo auctions held on May 31, 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 6600 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 6600 6.50 NA NA NA3. Weighted average Cut-off Rate (per ce

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 June 1, 2001 (Friday) 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 InstitutionsTotalBorrowings12456.009764.00 22220.00Lendings14168.001198.004334.0019700.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.906.91 (b) Range of rates6.00-7.354.90-8.002 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate of I

--------------------------------------------------------------------------- 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 : May 26, 2001 98023 12.25 % 2008 5.00 112.60 9.7838 99006 11.99 % 2009 5.00 111.70 9.8151 99004 12.29 % 2010 10.00 112.76 10.0458 99004 12.2

Date of Auction :May 30, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:66 Amount:Rs.2149.57 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.92.55 IV.Competitive bids accepted Number:22 Amount:Rs.750.00 crore V.Partial Allotment Percentage:64.58 (6 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:92.59A

May 30, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.96 on 30.05.2001. 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 : Date CURRENCY 1 USD1 GBP1 EURO100 YEN29 May, 200146.970066.608240.175838.9130 May, 200146.960066.791240.272939.0200Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

Date of Auction :May 30, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:31 Amount:Rs.583.75 crore (b) Non-competitive bids Number:1 Amount:Rs.100.00 crore III.Cut-off price:Rs.98.19 IV.Competitive bids accepted Number:12 Amount:Rs.250.00 crore V.Partial Allotment Percentage:83.33 (2 bids) VI .Devolvement on RBI:NIL VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.100.00 crore (b)Partial Allotment Percentage:N.A.Ajit Prasad

The results of the RBI Repo/Reverse Repo auctions held on May 30, 2001 are : Item Repo 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 6500 Nil NA 2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 6500 6.50 NA NA NA 3. Weighted average Cut-off Rate (

It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 under the Chairmanship of Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India with Secretary (Economic Affairs), Government of India as Alternate Chairman in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and