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 May 28, 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 10.30 a.m. on

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14914.009960.00 24874.00Lendings15028.003029.004954.0023011.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.347.35 (b) Range of rates6.50-8.755.42-9.002 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings78.0010.25-10.753. Standing Liquidity Facility Availed from RBI $ Amount (outstan

--------------------------------------------------------------------------- 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 18, 2001 00017 11.50 % 2011 5.00 109.95 9.9519 Contract Date : May 21, 2001 00017 11.50 % 2011 5.00 109.80 9.9734 00017 11.50 % 2011 10

May 25, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.95 on 25.05.2001. 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 YEN24 May, 200146.980066.612940.236039.1925 May, 200146.950066.286440.412238.9600Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

Government of India have announced sale by auction of a new 12-year Government Stock for Rs 3,000 crore (nominal) and of a new 20-year Government Stock for Rs 2,000 crore (nominal). The auctions will be yield based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Tuesday, May 29, 2001. Bids in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Public Debt Office, Fort, Mumbai should be submitted to that office on May

The results of the RBI Repo/Reverse Repo auctions held on May 25, 2001 are : Item Repo 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 8500 Nil NA 2. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 4250 (Partial) 6.75 NA NA NA 3. Weighted average

--------------------------------------------------------------------------- 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 22, 2001 98019 11.68 % 2002 10.00 103.28 8.7278 98019 11.68 % 2002 15.00 103.28 8.7278 97011 11.15 % 2002 5.00 102.865 8.7027 94010 11.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14598.0010536.00 25134.00Lendings14885.003117.005018.0023020.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.438.45 (b) Range of rates7.00-8.906.54-9.002 Term Money Market*Volume(Turnover)Range of RatesBorrowings22.007.00-9.60Lendings6.009.65-9.653. Standing Liquidity Facility Availed from RBI $ Amoun

May 24, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.98 on 24.05.2001. 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 YEN23 May, 200146.990067.071240.653438.7024 May, 200146.980066.612940.236039.1900Note : 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 24, 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 6500 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 2750 (Partial) 6.75 NA NA NA3. Weighted average Cut-off Ra

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 May 25, 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.

--------------------------------------------------------------------------- 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 18, 2001 00008 10.70 % 2020 0.20 101.45 10.5198 Contract Date : May 19, 2001 01001 10.47 % 2015 5.00 102.00 10.1918 01001 10.47 % 2015

(Amount in Rupees crore and rate in per cent per annum) 1. Call/Notice Money Market* (i) Volumes Banks Primary Dealers Non-Bank Institutions Total Borrowings 14012.00 8830.00 22842.00 Lendings 14730.00 2069.00 4644.00 21443.00 (ii) Interest Rates Borrowings Lendings (a)Weighted average rate 8.68 8.77 (b) Range of rates 7.25-8.95 6.69-9.40 2 Term Money Market* Volume(Turnover) Range of Rates Borrowings 440.00 8.35- 10.00 Lendings 65.00 9.25- 10.00 3. Standing Liquidity

Date of Auction :May 23, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:28 Amount:Rs.423.75 crore (b) Non-competitive bids Number:1 Amount:Rs.125.00 crore III.Cut-off price:Rs.98.10 IV.Competitive bids accepted Number:20 Amount:Rs.250.00 crore V.Partial Allotment Percentage:86.96 (3 bids) VI .Devolvement on RBI:NIL VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.125.00 crore (b)Partial Allotment Percentage:N.A.P.V. Sadanan

May 23, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.99 on 23.05.2001. 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 YEN22 May, 200147.020067.678241.168438.2923 May, 200146.990067.071240.653438.7000Note : 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 23, 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 6500 8 5052. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) Nil Nil Nil 4 390 8.753. 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 May 24, 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 InstitutionsTotalBorrowings13213.007594.00 20807.00Lendings14013.001489.005188.0020690.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.748.77 (b) Range of rates7.00-9.106.67-9.802 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 18, 2001 97011 11.15 % 2002 10.00 102.80 8.7758 97011 11.15 % 2002 15.00 102.80 8.7758 96016 13.82 % 2002 15.00 106.15 8.8040 00016 11.

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES30/04/20014081051211537163682,0791322771102502/05/200122452122515104821,77897333501203/05/2001236868041154571,6778537041704/05/2001235104363783641,248563307318SALES30/04/2001444202511140163271,7131492901132502/05/20012091132251885481,379107338471103/05/2001284142204964171,492803493