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 16, 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.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings7646.001190.0008836.00Lendings4358.00586.001679.006623.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.798.88 (b) Range of rates7.00-9.407.90-9.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate of Interes

--------------------------------------------------------------------------- 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 10, 2001 99008 11.68 % 2006 5.00 109.40 9.2525 98007 12.00 % 2008 5.00 110.00 9.9754 99020 11.83 % 2014 5.00 109.14 10.5453 99020 11.83

With a view to enabling banks to extend credit to film industry, which is relatively a new area for financing by banks, the Reserve Bank of India has, after extensive consultations with Indian Banks' Association, banks and representatives of film industry, issued broad guidelines for financing production of films. The guidelines cover various aspects involved in financing production of films, such as, eligibility for the purpose of borrowing, criteria for financing, p

May 14, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.90 on 14.05.2001. 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 YEN11 May, 200146.870066.642141.280838.2214 May, 200146.900066.487841.002338.2300Note : 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 14, 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) Nil Nil 25 33652. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA 17 3105 8.753. Weighted average Cut-off Rate (per

The Reserve Bank of India today released the full text of the Report of the Advisory Group on 'Securities Market Regulation' on its Website www.rbi.org.in The Group has reviewed the evolution of the securities regulatory framework, analyzed India’s reform initiatives and their impact and identified some important issues and lacunae of the current regulatory structure which could form the basis for the future reform agenda. The Group has also discussed in some detail,

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 15, 2001 (Tuesday) 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. o

--------------------------------------------------------------------------- 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 09, 2001 95012 14.00 % 2005(INSTA 15.00 114.75 9.7403 Contract Date : May 10, 2001 87006 11.00 % 2002 10.00 102.05 8.8185 97011 11.15 %

The following changes will come into effect in the auctions of Treasury Bills with effect from the week beginning May 14, 2001:The auctions of 14 and 182 days Treasury Bills will be discontinued;The notified amount in the auctions of 91-day Treasury Bills will be enhanced from Rs.100 crore to Rs.250 crore;The notified amount in the auctions of 364 day Treasury Bills will continue to be Rs.750 crore; andThe auctions of 91-day Treasury Bills will now be conducted on eve

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13346.006979.00020325.00Lendings11169.001852.004655.0017676.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate9.019.14 (b) Range of rates7.00- 9.508.50-9.952 Term Money Market*Volume(Turnover)Range of RatesBorrowings45.009.00- 10.30Lendings25.0010.00- 10.003. Standing Liquidity Facility Availed from RBI $

After a review of current liquidity position and developments in the financial markets, the Reserve Bank of India today announces the following measure :A reduction in the Cash Reserve Ratio (CRR) by half a percentage point from its present level of 8.0 per cent effective from fortnight beginning May 19, 2001. This measure will release resources of scheduled commercial banks to the extent of about Rs.4,500 crore. Detailed operating instructions/directives are being is

The Reserve Bank of India has announced the following calendar of Treasury Bills issuance. This calendar is valid till March 31, 2002 :Type of T-BillsPeriodicityNotified Amount (Rs. Crore)Day of AuctionDay of Payment91-dayWeekly250Every WednesdayFollowing Friday364-day Fortnightly750Wednesday preceding the Reporting FridayFollowing Friday The Reserve Bank of India retains the right to vary the amount and timing, if circumstances warrant, without assigning any reason.

The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.250 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 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 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 14, 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 Banks Primary Dealers Non-Bank Institutions Total Borrowings 13364.00 7034.00 0 20398.00 Lendings 12240.00 2310.00 4335.00 18885.00 (ii) Interest Rates Borrowings Lendings (a)Weighted average rate 9.11 9.14 (b) Range of rates 8.00 - 9.50 7.15 - 9.70 2 Term Money Market* Volume(Turnover) Range of Rates Borrowings 100.00 10.00 - 10.50 Lendings 60.00 10.00 - 10.45 3. Standing

--------------------------------------------------------------------------- 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 09, 2001 97011 11.15 % 2002 25.00 102.80 8.8186 97011 11.15 % 2002 10.00 102.80 8.8186 97011 11.15 % 2002 5.00 102.80 8.8186 94003 12.5

Date of Auction :May 11, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.303.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.99.71 IV.Competitive bids accepted Number:5 Amount:Rs.100.00 crore V.Partial Allotment Percentage:60.00 (1 bid) 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:99.72Ajit

Date of Auction :May 11, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:18 Amount:Rs.210.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.11 IV.Competitive bids accepted Number:5 Amount:Rs.100.00 crore V.Partial Allotment Percentage:N.A. VI .Devolvement on RBI:NIL VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.Ajit Prasad ManagerPress Release : 2000-01/1540