Date of Auction :May 2, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:68 Amount:Rs.1942.83 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.92.14 IV.Competitive bids accepted Number:16 Amount:Rs.750.00 crore V.Partial Allotment Percentage:70.20 (2 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:92.16P.

The Reserve Bank of India has on May 2, 2001 notified that no further purchases of equity shares of ICICI Bank Ltd., should be made on behalf of Foreign Institutional Investors (FIIs) in the primary/secondary markets without obtaining prior clearance of the Reserve Bank of India. The aggregate net purchase of its equity shares by FIIs has reached the limit of 22 per cent of its paid up equity capital.P.V. Sadanandan Asst. ManagerPress Release : 2000-01/1496 Monitoring

The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.81 on 02.05.2001. 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 April, 200146.860067.260541.724137.8402 May, 200146.810067.167741.820138.3800Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-

The results of the RBI Repo/Reverse Repo auctions held on May 2, 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 7000 1 502. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) Nil Nil

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 3, 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 11.00 a.m. o

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings4941283607777Lendings453327810385849(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.017.06 (b) Range of rates6.00-8.806.80-7.702 Term Money Market*Volume(Turnover)Range of Rates125.008.40-9.903. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 4211.00at Bank Rate4. Liquidity Adju

--------------------------------------------------------------------------- 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 : April 26, 2001 00015 11.43 % 2015 5.00 106.62 10.5192 00015 11.43 % 2015 5.00 106.65 10.5153 00015 11.43 % 2015 5.00 106.65 10.5153 Contrac

The first tranche of market loans by twenty seven State Governments for the year 2001-02 will be issued on May 8, 2001 for an aggregate amount of Rs. 3,800.00 crore. The loans will bear interest at 10.35 per cent per annum for 10 year maturity.The State-wise allocation is as under:Sr.Name of the AmountNo.StateRs. Crore1Andhra Pradesh450.002Arunachal Pradesh5.003Assam75.004Bihar170.005Chhattisgarh55.006Goa30.007Gujarat 190.008Haryana85.009Himachal Pradesh70.0010Jammu &

April 30, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.86 on 30.04.2001. 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 YEN27 April, 2001 46.860067.511242.352137.8430 April, 2001 46.860067.260541.724137.8400Note : The reference rate is based on 12 noon rates of a few select banks i

The results of the RBI Repo/Reverse Repo auctions held on April 30, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for two day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 2 4010 8 8802. Applications accepted for two day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) Rejected 3 410 8.75