--------------------------------------------------------------------------- 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 13, 2001 91012 11.50 % 2011 10.00 113.20 9.4289 Contract Date : August 14, 2001 96018 13.55 % 2001 5.00 101.80 6.9843 97011 11.15 %

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES23/07/20013014866283112390958674871021324/07/200124835111412547188890408791125/07/2001275101341417134331,016625041141126/07/2001245119431716144401,32964483145527/07/20014101473481514165591,49281460257730/07/2001386671251645123881,241714382061031/07/2001401121108843154881,6113230210

In response to press queries, the RBI spokesperson confirmed that the Reserve Bank Board has, at its meeting held yesterday, decided to transfer a dividend of Rs 9350 crore to the Government of India out of its surplus profit for the year ended June 30, 2001. The amount is the same as that of last year.Alpana Killawala General ManagerPress Release : 2001-02/203

August 17, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.13 on 17.08.2001. 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 YEN16 August, 200147.120068.034243.147839.320017 August, 200147.130067.996843.022639.1800Note : The reference rate is based on 12 noon rates of a few select bank

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

Consequent upon change in the ownership pattern, the name of Tata Finance Securities Ltd., an existing Primary Dealer in the Government securities market, has been changed to Tata TD Waterhouse Securities Ltd.Alpana Killawala General ManagerPress Release : 2001-02/204

There were no bids received for Repo and Reverse Repo auctions today (17.08.2001) under Liquidity Adjustment Facility.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13193.008737.00 21930.00Lendings13934.002627.004453.6921014.69(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.057.06 (b) Range of rates6.00- 8.305.11- 8.302 Term Money Market*Volume(Turnover)Range of RatesBorrowings2.006.75- 6.75Lendings7.009.75- 10.003. Standing Liquidity Facility Availed from RBI $ Am

--------------------------------------------------------------------------- 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 13, 2001 94009 11.75 % 2001 30.00 100.132 7.4895 97011 11.15 % 2002 10.00 103.93 7.1883 97011 11.15 % 2002 10.00 103.93 7.1883 98004