Government of India have announced sale (re-issue) by auction of "9.81 percent Government Stock, 2013" for an aggregate amount of Rs 4,000 crore (nominal). The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Wednesday, August 8, 2001. Bids in the prescribed form obtainable from the Regional Director, RBI, Public Debt Office, Fort, Mumbai should be submitted to that Office on August 8, 2001, during the banking hours. On

August 6, 2001 `It is true that the banking business is our foremost duty, but any type of business needs a language for communication. Incidentally, most of our functions are done in English for certain reasons, although the work of the people ought to be done in their own language. This is an integral part of customer service. There have been lots of efforts in this direction at various levels, but a lot is yet to be done at the highest level.' This was stated by Dr

The results of the RBI Repo/Reverse Repo auctions held on August 6, 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) 1 500 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 500 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 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 August 7, 2001 (Tuesday) 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 InstitutionsTotalBorrowings13204.008122.60 21326.60Lendings13165.001909.005226.8820300.88(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.926.87 (b) Range of rates5.85 - 7.104.85 - 7.002 Term Money Market*Volume(Turnover)Range of RatesBorrowings50.007.80 - 7.80Lendings25.008.35 - 8.353. 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 31, 2001 01006 10.25 % 2021 5.00 101.95 10.0185 Contract Date : August 01, 2001 01007 9.39 % 2011 5.00 100.84 9.2565 Contract Date : A

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 August 6, 2001 (Monday) 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. o

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14617.007959.00 22576.00Lendings13855.001500.005994.1721349.17(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.866.88 (b) Range of rates5.89- 7.104.89- 7.402 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate of