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May 15, 2001Repo/Reverse Repo Auction under LAFThe 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.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.
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May 14, 2001RBI issues Guidelines on Bank Finance for Film IndustryWith 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, pWith 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
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May 14, 2001Money Market Operations as on May 12, 2001(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(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
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May 14, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 12 May 2001--------------------------------------------------------------------------- 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--------------------------------------------------------------------------- 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
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May 14, 2001RBI Reference Rate for US $May 14, 2001The Reserve Bank of Indias 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 MumbaiMay 14, 2001The Reserve Bank of Indias 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
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May 14, 2001Liquidity Adjustment Facility : Auction ResultsThe 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 (perThe 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
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May 14, 2001Report of Advisory Group on "Securities Market Regulation" releasedThe 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 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,
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May 14, 2001Repo/Reverse Repo Auction under LAFThe 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. oThe 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
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May 12, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 11 May 2001--------------------------------------------------------------------------- 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 %--------------------------------------------------------------------------- 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 %
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May 12, 2001RBI effects changes in Treasury Bill AuctionsThe 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 eveThe 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
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May 12, 2001Money Market Operations as on May 11, 2001(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 $(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 $
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May 12, 2001Reserve Bank of India reduces Cash Reserve RatioAfter 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 isAfter 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
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May 12, 2001Calendar for Auction of Government of India Treasury BillsThe 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 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.
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May 12, 200191 Day Treasury Bills - Auction AnnouncedThe 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 IndiaThe 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
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May 12, 2001364 Day Treasury Bills - Auction AnnouncedThe 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 GovernmentThe 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
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May 12, 2001Repo/Reverse Repo Auction under LAFThe 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. onThe 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
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May 11, 2001Money Market Operations as on May 10, 2001(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(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
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May 11, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 10 May 2001--------------------------------------------------------------------------- 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--------------------------------------------------------------------------- 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
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May 11, 2001Bank financing of Equities and Investments in Shares (Revised Guidelines)In pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI-SEBI Technical Committee had reviewed the RBI guidelines set out in circular dated November 10, 2000 on banks investment in shares as also advances against shares and other connected exposures. Based on the feed back received from banks and market participants on the recommendations made by the Technical Committee and the draIn pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI-SEBI Technical Committee had reviewed the RBI guidelines set out in circular dated November 10, 2000 on banks investment in shares as also advances against shares and other connected exposures. Based on the feed back received from banks and market participants on the recommendations made by the Technical Committee and the dra
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May 11, 200114 Day Treasury Bills : Auction ResultsDate 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:99.72AjitDate 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
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May 11, 200191 Day Treasury Bills : Auction ResultsDate 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 : 2000-01/1540Date 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
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May 11, 2001RBI Reference Rate for US $May 11, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.87 on 11.05.2001. 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 YEN10 May, 2001 46.850066.676941.539638.3411 May, 2001 46.870066.642141.280838.2200Note : The reference rate is based on 12 noon rates of a few select banks in MumbMay 11, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.87 on 11.05.2001. 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 YEN10 May, 2001 46.850066.676941.539638.3411 May, 2001 46.870066.642141.280838.2200Note : The reference rate is based on 12 noon rates of a few select banks in Mumb
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May 11, 2001Investment by Foreign Institutional InvestorsThe Reserve Bank of India has today notified that it has withdrawn the restriction placed on the purchase of shares of ICICI Bank Ltd. on behalf of Foreign Institutional Investors (FIIs). The restriction has been withdrawn as the aggregate holdings of FIIs in ICICI Bank Ltd. have gone below 22 per cent of its paid up capital. This has happened as the capital of ICICI Bank Ltd. has increased on account of the merger of Bank of Madura Ltd. with ICICI Bank Ltd. Ajit PrasThe Reserve Bank of India has today notified that it has withdrawn the restriction placed on the purchase of shares of ICICI Bank Ltd. on behalf of Foreign Institutional Investors (FIIs). The restriction has been withdrawn as the aggregate holdings of FIIs in ICICI Bank Ltd. have gone below 22 per cent of its paid up capital. This has happened as the capital of ICICI Bank Ltd. has increased on account of the merger of Bank of Madura Ltd. with ICICI Bank Ltd. Ajit Pras
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May 11, 2001Liquidity Adjustment Facility : Auction ResultsThe results of the RBI Repo/Reverse Repo auctions held on May 11, 2001 are :ItemRepo 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) Nil Nil 47 65702. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA 36 6215 8.753. Weighted average Cut-off RateThe results of the RBI Repo/Reverse Repo auctions held on May 11, 2001 are :ItemRepo 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) Nil Nil 47 65702. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA 36 6215 8.753. Weighted average Cut-off Rate
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May 10, 2001Money Market Operations as on May 9, 2001(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 12605.00 7987.00 0 20592.00 Lendings 12378.00 2455.00 4082.00 18915.00 (ii) Interest Rates Borrowings Lendings (a)Weighted average rate 9.13 9.19 (b) Range of rates 7.50-9.50 7.15-9.95 2 Term Money Market* Volume(Turnover) Range of Rates Borrowings 60.00 9.90- 11.50 Lendings 80.00 10.74- 11.50 3. Standing Liquidi(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 12605.00 7987.00 0 20592.00 Lendings 12378.00 2455.00 4082.00 18915.00 (ii) Interest Rates Borrowings Lendings (a)Weighted average rate 9.13 9.19 (b) Range of rates 7.50-9.50 7.15-9.95 2 Term Money Market* Volume(Turnover) Range of Rates Borrowings 60.00 9.90- 11.50 Lendings 80.00 10.74- 11.50 3. Standing Liquidi
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May 10, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 09 May 2001--------------------------------------------------------------------------- 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 05, 2001 00017 11.50 % 2011 25.00 109.12 10.0747 98021 12.40 % 2013 25.00 112.20 10.5961 Contract Date : May 08, 2001 98013 11.55 % 200--------------------------------------------------------------------------- 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 05, 2001 00017 11.50 % 2011 25.00 109.12 10.0747 98021 12.40 % 2013 25.00 112.20 10.5961 Contract Date : May 08, 2001 98013 11.55 % 200
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May 10, 2001Issue of Rs.50 notes in Mahatma Gandhi Series with capital letter "E" inset in numbering panelsThe Reserve Bank of India will shortly be issuing Rs.50 notes in Mahatma Gandhi Series bearing the signature of Dr. Bimal Jalan, Governor with capital letter "E" inset in both numbering panels. Except for this change, the design of the Rs.50 notes to be issued now is similar to those issued earlier in the 'Mahatma Gandhi' Series. All Rs.50 denomination notes issued by the Bank in the past will continue to be legal tender.P.V. Sadanandan Asst. ManagerPress Release : 20The Reserve Bank of India will shortly be issuing Rs.50 notes in Mahatma Gandhi Series bearing the signature of Dr. Bimal Jalan, Governor with capital letter "E" inset in both numbering panels. Except for this change, the design of the Rs.50 notes to be issued now is similar to those issued earlier in the 'Mahatma Gandhi' Series. All Rs.50 denomination notes issued by the Bank in the past will continue to be legal tender.P.V. Sadanandan Asst. ManagerPress Release : 20
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May 10, 2001RBI Reference Rate for US $May 10, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.85 on 10.05.2001. 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 YEN09 May, 200146.830066.854541.451638.500010 May, 200146.850066.676941.539638.3400Note : The reference rate is based on 12 noon rates of a few select banks in MumbMay 10, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.85 on 10.05.2001. 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 YEN09 May, 200146.830066.854541.451638.500010 May, 200146.850066.676941.539638.3400Note : The reference rate is based on 12 noon rates of a few select banks in Mumb
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May 10, 2001Liquidity Adjustment Facility : Auction ResultsThe results of the RBI Repo/Reverse Repo auctions held on May 10, 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 49 60952. 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 36 5630 8.753. Weighted average Cut-off Rate (perThe results of the RBI Repo/Reverse Repo auctions held on May 10, 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 49 60952. 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 36 5630 8.753. Weighted average Cut-off Rate (per
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May 10, 2001Repo/Reverse Repo Auction under LAFThe 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 11, 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. oThe 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 11, 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. o
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May 09, 2001Money Market Operations as on May 8, 2001(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 11424.00 9470.00 0 20894.00 Lendings 15918.00 2171.00 3782.00 21871.00 (ii) Interest Rates Borrowings Lendings (a)Weighted average rate 8.20 8.21 (b) Range of rates 7.00-9.75 6.27-9.75 2 Term Money Market* Volume(Turnover) Range of Rates Borrowings 335.00 8.55-8.80 Lendings 565.00 8.75-9.55 3. Standing Liquidity(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 11424.00 9470.00 0 20894.00 Lendings 15918.00 2171.00 3782.00 21871.00 (ii) Interest Rates Borrowings Lendings (a)Weighted average rate 8.20 8.21 (b) Range of rates 7.00-9.75 6.27-9.75 2 Term Money Market* Volume(Turnover) Range of Rates Borrowings 335.00 8.55-8.80 Lendings 565.00 8.75-9.55 3. Standing Liquidity
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May 09, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 08 May 2001--------------------------------------------------------------------------- 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 03, 2001 85007 11.50 % 2015 1.00 106.85 10.5523 Contract Date : May 04, 2001 99008 11.68 % 2006 20.00 109.34 9.2740 00013 11.00 % 2006--------------------------------------------------------------------------- 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 03, 2001 85007 11.50 % 2015 1.00 106.85 10.5523 Contract Date : May 04, 2001 99008 11.68 % 2006 20.00 109.34 9.2740 00013 11.00 % 2006
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May 09, 2001RBI Reference Rate for US $May 9, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.83 on 09.05.2001. 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 YEN08 May, 2001 46.810067.275341.639838.5809 May, 2001 46.830066.854541.451638.5000Note : The reference rate is based on 12 noon rates of a few select banks in MumbaMay 9, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.83 on 09.05.2001. 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 YEN08 May, 2001 46.810067.275341.639838.5809 May, 2001 46.830066.854541.451638.5000Note : The reference rate is based on 12 noon rates of a few select banks in Mumba
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May 09, 2001Rejection of application for certificate of registrationThe Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on May 3, 2001 the application for certificate of registration submitted by the M/s. Dhana Suraksha Leasing & Finance Pvt. Ltd., 1-13, 1st Floor, Brundavan Nagar, Malkajgiri, Hyderabad-500 047. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 4The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on May 3, 2001 the application for certificate of registration submitted by the M/s. Dhana Suraksha Leasing & Finance Pvt. Ltd., 1-13, 1st Floor, Brundavan Nagar, Malkajgiri, Hyderabad-500 047. As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 4
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May 09, 200110.35 per cent State Development Loans, 2011 oversubscribedThe 10.35 per cent ten year State Development Loans in respect of twenty seven State Governments opened for subscription for an aggregate notified amount of Rs.3800.00 crore on May 8, 2001. The subscriptions received aggregated Rs.5916.30 crore. Some subscriptions received at designated branches of State Bank of India/Associate Banks at District headquarters of the States are still being reported, As the loans of eight States, viz. Goa, Haryana, Karnataka, MaharashtraThe 10.35 per cent ten year State Development Loans in respect of twenty seven State Governments opened for subscription for an aggregate notified amount of Rs.3800.00 crore on May 8, 2001. The subscriptions received aggregated Rs.5916.30 crore. Some subscriptions received at designated branches of State Bank of India/Associate Banks at District headquarters of the States are still being reported, As the loans of eight States, viz. Goa, Haryana, Karnataka, Maharashtra
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May 09, 2001182 day Treasury Bills : Auction ResultsDate of Auction :May 9, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:34 Amount:Rs.245.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.96.00 IV.Competitive bids accepted Number:16 Amount:Rs.100.00 crore V.Partial Allotment Percentage:35.71 (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:96.04AjiDate of Auction :May 9, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:34 Amount:Rs.245.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.96.00 IV.Competitive bids accepted Number:16 Amount:Rs.100.00 crore V.Partial Allotment Percentage:35.71 (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:96.04Aji
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May 09, 2001Liquidity Adjustment Facility : Auction ResultsThe results of the RBI Repo/Reverse Repo auctions held on May 9, 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 43 50952. 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 35 4850 8.753. Weighted average Cut-off Rate (perThe results of the RBI Repo/Reverse Repo auctions held on May 9, 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 43 50952. 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 35 4850 8.753. Weighted average Cut-off Rate (per
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May 09, 2001Repo/Reverse Repo Auction under LAFThe 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 10, 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.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 10, 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.
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May 08, 2001Money Market Operations as on May 5, 2001(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings83492291010640Lendings692621137309769(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.417.45 (b) Range of rates5.42-8.255.41-8.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings0.0-Lendings37.09.15-9.803. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate of InterestNormal(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings83492291010640Lendings692621137309769(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.417.45 (b) Range of rates5.42-8.255.41-8.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings0.0-Lendings37.09.15-9.803. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate of InterestNormal
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May 08, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 05 May 2001--------------------------------------------------------------------------- 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 03, 2001 00016 11.40 % 2008 5.00 108.59 9.7277 00017 11.50 % 2011 5.00 108.94 10.1013 00018 11.60 % 2020 5.00 107.77 10.6451 Contract D--------------------------------------------------------------------------- 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 03, 2001 00016 11.40 % 2008 5.00 108.59 9.7277 00017 11.50 % 2011 5.00 108.94 10.1013 00018 11.60 % 2020 5.00 107.77 10.6451 Contract D
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May 08, 2001Moving towards Pure Inter-bank Call Money MarketWith effect from May 5, 2001, lendings by non-bank participants in call/notice money market would be monitored against their respective limits in stage I, on product basis during the reporting fortnight corresponding to scheduled commercial banks. Accordingly, lending in call/notice money market during the reporting fortnight by any non-bank entity should not exceed, on average, 85 per cent of its daily average lending during the year 2000-01 during stage I. It may beWith effect from May 5, 2001, lendings by non-bank participants in call/notice money market would be monitored against their respective limits in stage I, on product basis during the reporting fortnight corresponding to scheduled commercial banks. Accordingly, lending in call/notice money market during the reporting fortnight by any non-bank entity should not exceed, on average, 85 per cent of its daily average lending during the year 2000-01 during stage I. It may be
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May 08, 2001RBI Reference Rate for US $The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.81 on 08.05.2001. 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 YEN04 May, 200146.830067.233841.723238.6508 May, 200146.810067.275341.639838.5800Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-RuThe Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.81 on 08.05.2001. 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 YEN04 May, 200146.830067.233841.723238.6508 May, 200146.810067.275341.639838.5800Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Ru
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May 08, 200114 Day Treasury Bills - Auction AnnouncedThe Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. 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.Tenders should be submitted in the prescribed form on Friday, May 1The Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. 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.Tenders should be submitted in the prescribed form on Friday, May 1
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May 08, 200110.35 per cent State Development Loans, 2011 oversubscribedThe 10.35 per cent ten year State Development Loans in respect of twenty seven State Governments opened for subscription for an aggregate notified amount of Rs.3800.00 crore on May 8, 2001. The subscriptions received aggregated Rs.5870.00 crore so far, exceeding the notified amount by more than Rs.2000 crore. Some subscriptions received at designated branches of State Bank of India/Associate Banks at District headquarters of the States, are still being reported. WhileThe 10.35 per cent ten year State Development Loans in respect of twenty seven State Governments opened for subscription for an aggregate notified amount of Rs.3800.00 crore on May 8, 2001. The subscriptions received aggregated Rs.5870.00 crore so far, exceeding the notified amount by more than Rs.2000 crore. Some subscriptions received at designated branches of State Bank of India/Associate Banks at District headquarters of the States, are still being reported. While
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May 08, 200191 Day Treasury Bills - Auction AnnouncedThe Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.100 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 IndiaThe Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.100 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
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May 08, 2001Investment by Foreign Institutional InvestorsThe Reserve Bank of India has notified on May 8, 2001 that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Satyam Computer Services Ltd., up to 49 per cent of their paid up capital through primary and secondary markets in India, as the company has passed a resolution at its Board of Directors' and General Body Meetings to this effect. P.V. Sadanandan Asst. ManagerPress Release : 2000-01/1518 Monitoring of InvestThe Reserve Bank of India has notified on May 8, 2001 that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Satyam Computer Services Ltd., up to 49 per cent of their paid up capital through primary and secondary markets in India, as the company has passed a resolution at its Board of Directors' and General Body Meetings to this effect. P.V. Sadanandan Asst. ManagerPress Release : 2000-01/1518 Monitoring of Invest
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May 08, 2001182 Day Treasury Bills - Auction AnnouncedThe Reserve Bank of India has announced the auction of 182 day Government of India treasury bills for a notified amount of Rs.100 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 GovernmentThe Reserve Bank of India has announced the auction of 182 day Government of India treasury bills for a notified amount of Rs.100 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
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May 08, 2001Liquidity Adjustment Facility : Auction ResultsThe results of the RBI Repo/Reverse Repo auctions held on May 8, 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 3 2752. 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 1 50 8.753. Weighted average Cut-off Rate (per cent)The results of the RBI Repo/Reverse Repo auctions held on May 8, 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 3 2752. 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 1 50 8.753. Weighted average Cut-off Rate (per cent)
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May 08, 2001Repo/Reverse Repo Auction under LAFThe 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 9, 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.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 9, 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.
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May 05, 2001Money Market Operations as on May 4, 2001(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings97318810018541Lendings102982366212314787(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.237.29 (b) Range of rates6.50-8.306.80-8.302 Term Money Market*Volume(Turnover)Range of Rates50.008.60-8.603. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8022.00at Bank Rate4. Liquidity A(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings97318810018541Lendings102982366212314787(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.237.29 (b) Range of rates6.50-8.306.80-8.302 Term Money Market*Volume(Turnover)Range of Rates50.008.60-8.603. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8022.00at Bank Rate4. Liquidity A
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May 05, 2001Reserve Bank of India - Foreign Exchange Data from 16/04/2001 to 20/04/2001All Figures are in USD Millions Merchant Inter Bank FCY/INR FCY/FCY FCY/INR FCY/FCY Position Spot Forward Forward Spot Forward Forward Spot Swap Forward Spot Swap Forward Date Cancel- ation Cancel- ation PURCHASES 16/04/2001 309 73 31 6 7 3 890 1,084 49 143 18 20 17/04/2001 310 88 79 5 22 11 1,086 1,448 159 450 94 3 18/04/2001 248 42 25 18 16 6 538 919 104 383 112 4 19/04/2001 270 46 61 20 21 17 498 1,419 84 429 152 3 20/04/2001 288 42 56 2 13 15 435 1,671 100 474 69All Figures are in USD Millions Merchant Inter Bank FCY/INR FCY/FCY FCY/INR FCY/FCY Position Spot Forward Forward Spot Forward Forward Spot Swap Forward Spot Swap Forward Date Cancel- ation Cancel- ation PURCHASES 16/04/2001 309 73 31 6 7 3 890 1,084 49 143 18 20 17/04/2001 310 88 79 5 22 11 1,086 1,448 159 450 94 3 18/04/2001 248 42 25 18 16 6 538 919 104 383 112 4 19/04/2001 270 46 61 20 21 17 498 1,419 84 429 152 3 20/04/2001 288 42 56 2 13 15 435 1,671 100 474 69
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May 05, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 04 May 2001--------------------------------------------------------------------------- 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 02, 2001 00008 10.70 % 2020 10.00 100.60 10.6250 00018 11.60 % 2020 5.00 107.81 10.6405 Contract Date : May 03, 2001 94009 11.75 % 2001--------------------------------------------------------------------------- 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 02, 2001 00008 10.70 % 2020 10.00 100.60 10.6250 00018 11.60 % 2020 5.00 107.81 10.6405 Contract Date : May 03, 2001 94009 11.75 % 2001
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May 05, 2001Special Fund Facility for Banks and PDs revisedThe Reserve Bank of India has modified the scheme of automatic invocation of special fund facility securities settlement with effect from today. The change has been necessitated consequent upon the split of the standing liquidity facilities available to banks and primary dealers from the Reserve Bank. The split of standing liquidity facility for banks and primary dealers was announced in Monetary and Credit Policy 2001-2002 in April 2001 and became effective from MayThe Reserve Bank of India has modified the scheme of automatic invocation of special fund facility securities settlement with effect from today. The change has been necessitated consequent upon the split of the standing liquidity facilities available to banks and primary dealers from the Reserve Bank. The split of standing liquidity facility for banks and primary dealers was announced in Monetary and Credit Policy 2001-2002 in April 2001 and became effective from May
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May 05, 2001New Banking Ombudsman at ThiruvananthpuramThe Reserve Bank of India has appointed Shri G.P.Muniappan, former Executive Director, Reserve Bank of India as Banking Ombudsman at Thiruvananthpuram from April 26, 2001. As Banking Ombudsman, Shri G.P.Muniappan would have his office at Reserve Bank of India Building, Bakery Junction, Thiruvananthpuram-695033 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of KeralaThe Reserve Bank of India has appointed Shri G.P.Muniappan, former Executive Director, Reserve Bank of India as Banking Ombudsman at Thiruvananthpuram from April 26, 2001. As Banking Ombudsman, Shri G.P.Muniappan would have his office at Reserve Bank of India Building, Bakery Junction, Thiruvananthpuram-695033 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Kerala
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May 05, 2001Repo/Reverse Repo Auction under LAFThe 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 8, 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. onThe 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 8, 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. on
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May 04, 2001Money Market Operations as on May 3, 2001(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1578810778026566Lendings152573083376522105(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.787.73 (b) Range of rates6.50-8.706.90-8.602 Term Money Market*Volume(Turnover)Range of Rates327.008.70-10.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 9047.00at Bank Rate4. Liquidi(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1578810778026566Lendings152573083376522105(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.787.73 (b) Range of rates6.50-8.706.90-8.602 Term Money Market*Volume(Turnover)Range of Rates327.008.70-10.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 9047.00at Bank Rate4. Liquidi
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May 04, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 03 May 2001--------------------------------------------------------------------------- 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 03, 200 98009 11.90 % 2007 5.00 110.50 10.7674 Contract Date : April 30, 2001 00017 11.50 % 2011 5.00 108.80 10.1223 Contract Date : Ma--------------------------------------------------------------------------- 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 03, 200 98009 11.90 % 2007 5.00 110.50 10.7674 Contract Date : April 30, 2001 00017 11.50 % 2011 5.00 108.80 10.1223 Contract Date : Ma
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May 04, 200114 Day Treasury Bills : Auction ResultsDate of Auction :May 4, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:18 Amount:Rs.263.50 crore (b) Non-competitive bids Number:1 Amount:Rs.100.00 crore III.Cut-off price:Rs.99.73 IV.Competitive bids accepted &nDate of Auction :May 4, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:18 Amount:Rs.263.50 crore (b) Non-competitive bids Number:1 Amount:Rs.100.00 crore III.Cut-off price:Rs.99.73 IV.Competitive bids accepted &n
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May 04, 2001RBI Reference Rate for US $May 4, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.83 on 04.05.2001. 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 YEN03 May, 200146.850067.311742.047938.550004 May, 200146.830067.233841.723238.6500Note : The reference rate is based on 12 noon rates of a few select banks in MumbaMay 4, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.83 on 04.05.2001. 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 YEN03 May, 200146.850067.311742.047938.550004 May, 200146.830067.233841.723238.6500Note : The reference rate is based on 12 noon rates of a few select banks in Mumba
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May 04, 200191 Day Treasury Bills : Auction ResultsDate of Auction :May 4, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:23 Amount:Rs.348.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.19 IV.Competitive bids accepted Number:5Date of Auction :May 4, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:23 Amount:Rs.348.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.19 IV.Competitive bids accepted Number:5
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May 04, 2001Rejection of applications for certificate of registrationThe Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for certificate of registration submitted by the following non-banking financial companies: Name of the CompanyRejected on1.Sree Giri Sangu Finance Ltd., 17-O, New Idappadi Road, Sankagiri, Salem Dist.-637 301, TamilnaduMay 3, 20012.Bethel Intl.Leasing & Financing Services Pvt. Ltd. 16, Gandhi Road, ParvathyThe Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected the applications for certificate of registration submitted by the following non-banking financial companies: Name of the CompanyRejected on1.Sree Giri Sangu Finance Ltd., 17-O, New Idappadi Road, Sankagiri, Salem Dist.-637 301, TamilnaduMay 3, 20012.Bethel Intl.Leasing & Financing Services Pvt. Ltd. 16, Gandhi Road, Parvathy
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May 04, 2001Liquidity Adjustment Facility : Auction ResultsThe results of the RBI Repo/Reverse Repo auctions held on May 4, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for four day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 1 5750 Nil Nil2. Applications accepted for four day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 5750 6.75 NA NA NAThe results of the RBI Repo/Reverse Repo auctions held on May 4, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for four day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 1 5750 Nil Nil2. Applications accepted for four day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 5750 6.75 NA NA NA
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May 03, 2001Money Market Operations as on May 2, 2001(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1600110157026158Lendings161301541375021421(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.787.75 (b) Range of rates7.00-8.507.00-8.502 Term Money Market*Volume(Turnover)Range of Rates180.008.50-11.403. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8952.00at Bank Rate4. Liquidi(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1600110157026158Lendings161301541375021421(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.787.75 (b) Range of rates7.00-8.507.00-8.502 Term Money Market*Volume(Turnover)Range of Rates180.008.50-11.403. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8952.00at Bank Rate4. Liquidi
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May 03, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 02 May 2001--------------------------------------------------------------------------- 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 27, 2001 00017 11.50 % 2011 5.00 108.86 10.1138 Contract Date : April 30, 2001 96007 13.75 % 2001 5.00 100.33 8.6247 97009 10.85 % 20--------------------------------------------------------------------------- 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 27, 2001 00017 11.50 % 2011 5.00 108.86 10.1138 Contract Date : April 30, 2001 96007 13.75 % 2001 5.00 100.33 8.6247 97009 10.85 % 20
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May 03, 2001RBI Reference Rate for US $May 3, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.85 on 03.05.2001. 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 YEN02 May, 200146.810067.167741.820138.3803 May, 200146.850067.311742.047938.5500Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai.May 3, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs.46.85 on 03.05.2001. 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 YEN02 May, 200146.810067.167741.820138.3803 May, 200146.850067.311742.047938.5500Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai.
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May 03, 2001Liquidity Adjustment Facility : Auction ResultsThe results of the RBI Repo/Reverse Repo auctions held on May 3, 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 4000 Nil Nil2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 4000 6.75 NA NA NAThe results of the RBI Repo/Reverse Repo auctions held on May 3, 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 4000 Nil Nil2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 4000 6.75 NA NA NA
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May 03, 2001Repo/Reverse Repo Auction under LAFThe Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced four 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 4, 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 11.00 a.m. onThe Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced four 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 4, 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 11.00 a.m. on
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May 03, 2001Revised LAF Scheme to be effective May 8The revised Liquidity Adjustment Facility : 2001-2002 scheme will come into effect from May 8, 2001. The Reserve Bank of India has stated this today while announcing the details of the scheme for 2001-2002. The Reserve Bank has also advanced the LAF auction timing by 30 minutes. It will now receive bids before 10.30 a.m. as against earlier 11 a.m. and announce the results by 12 noon as against 12.30 p.m. as at present. The decision to revise the scheme in the light ofThe revised Liquidity Adjustment Facility : 2001-2002 scheme will come into effect from May 8, 2001. The Reserve Bank of India has stated this today while announcing the details of the scheme for 2001-2002. The Reserve Bank has also advanced the LAF auction timing by 30 minutes. It will now receive bids before 10.30 a.m. as against earlier 11 a.m. and announce the results by 12 noon as against 12.30 p.m. as at present. The decision to revise the scheme in the light of
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May 02, 2001Money Market Operations as on April 30, 2001(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1600912639028648Lendings185712330359324494(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.487.53 (b) Range of rates6.40-8.406.90-8.402 Term Money Market*Volume(Turnover)Range of Rates209.009.30-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 7464.00at Bank Rate4. Liquidi(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1600912639028648Lendings185712330359324494(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.487.53 (b) Range of rates6.40-8.406.90-8.402 Term Money Market*Volume(Turnover)Range of Rates209.009.30-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 7464.00at Bank Rate4. Liquidi
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May 02, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 30 April 2001--------------------------------------------------------------------------- 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 27, 2001 97011 11.15 % 2002 5.00 102.84 8.8425 94003 12.50 % 2004 5.00 108.76 8.9985 00016 11.40 % 2008 10.00 108.40 9.7653 00014 11.--------------------------------------------------------------------------- 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 27, 2001 97011 11.15 % 2002 5.00 102.84 8.8425 94003 12.50 % 2004 5.00 108.76 8.9985 00016 11.40 % 2008 10.00 108.40 9.7653 00014 11.
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May 02, 2001364 day Treasury Bills : Auction ResultsDate 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.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.
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May 02, 2001Investment by Foreign Institutional InvestorsThe 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 MonitoringThe 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
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May 02, 2001RBI Reference Rate for US $The Reserve Bank of Indias 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 Reserve Bank of Indias 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-
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May 02, 2001Liquidity Adjustment Facility : Auction ResultsThe 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 NilThe 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
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May 02, 2001Repo/Reverse Repo Auction under LAFThe 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. oThe 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
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Apr 30, 2001Money Market Operations as on April 28, 2001(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(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
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Apr 30, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 28 April 2001--------------------------------------------------------------------------- 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--------------------------------------------------------------------------- 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
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Apr 30, 200110.35 per cent State Government Loans, 2011 announcedThe 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 &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 &
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Apr 30, 2001RBI Reference Rate for US $April 30, 2001The Reserve Bank of Indias 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 iApril 30, 2001The Reserve Bank of Indias 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
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Apr 30, 2001Liquidity Adjustment Facility : Auction ResultsThe 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 8.75The 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
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Apr 30, 2001Repo/Reverse Repo Auction under LAFThe 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 2, 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 11.00 a.m.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 2, 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 11.00 a.m.
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Apr 28, 2001Money Market Operations as on April 27, 2001(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1432510542024867Lendings150142295302220331(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.397.40 (b) Range of rates6.30-8.506.80-8.502 Term Money Market*Volume(Turnover)Range of Rates1568.008.20-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 6343.00at Bank Rate4. Liquid(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1432510542024867Lendings150142295302220331(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.397.40 (b) Range of rates6.30-8.506.80-8.502 Term Money Market*Volume(Turnover)Range of Rates1568.008.20-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 6343.00at Bank Rate4. Liquid
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Apr 28, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 27 April 2001--------------------------------------------------------------------------- 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 24, 2001 00015 11.43 % 2015 5.00 106.37 10.5520 00015 11.43 % 2015 5.00 106.36 10.5533 Contract Date : April 26, 2001 96007 13.75 % 2--------------------------------------------------------------------------- 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 24, 2001 00015 11.43 % 2015 5.00 106.37 10.5520 00015 11.43 % 2015 5.00 106.36 10.5533 Contract Date : April 26, 2001 96007 13.75 % 2
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Apr 28, 200114 Day Treasury Bills - Auction AnnouncedThe Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. 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. Tenders should be submitted in the prescribed form on Friday, MayThe Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. 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. Tenders should be submitted in the prescribed form on Friday, May
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Apr 28, 200191 Day Treasury Bills - Auction AnnouncedThe Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.100 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 IndiaThe Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.100 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
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Apr 28, 2001364 Day Treasury Bills - Auction AnnouncedThe 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 GovernmentThe 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
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Apr 28, 2001Repo/Reverse Repo Auction under LAFThe Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced Two 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 April 30, 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 11.00 a.m.The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced Two 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 April 30, 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 11.00 a.m.
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Apr 27, 2001Money Market Operations as on April 26, 2001(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings152869521024807Lendings156942972231420980(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.467.47 (b) Range of rates6.20-8.107.00-8.602 Term Money Market*Volume(Turnover)Range of Rates1569.008.20-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8703.00at Bank Rate4. Liquidi(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings152869521024807Lendings156942972231420980(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.467.47 (b) Range of rates6.20-8.107.00-8.602 Term Money Market*Volume(Turnover)Range of Rates1569.008.20-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8703.00at Bank Rate4. Liquidi
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Apr 27, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 26 April 2001--------------------------------------------------------------------------- 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 23, 2001 01003 10.71 % 2016 5.00 100.73 10.6113 Contract Date : April 24, 2001 94009 11.75 % 2001 10.00 100.93 8.7959 94009 11.75 % 2--------------------------------------------------------------------------- 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 23, 2001 01003 10.71 % 2016 5.00 100.73 10.6113 Contract Date : April 24, 2001 94009 11.75 % 2001 10.00 100.93 8.7959 94009 11.75 % 2
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Apr 27, 200114 Day Treasury Bills : Auction ResultsDate of Auction :April 27, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:15 Amount:Rs.293.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.99.74 IV.Competitive bids accepted NumbeDate of Auction :April 27, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:15 Amount:Rs.293.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.99.74 IV.Competitive bids accepted Numbe
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Apr 27, 2001Rejection of application for certificate of registrationThe Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on April 20, 2001, the application for certificate of registration submitted by M/s. Authentic Finance Pvt. Ltd. , 16, Netaji Subhas Road, 4th Floor, Kolkata -700 001. As such, the above company cannot transact the business of non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve Bank of IndiaThe Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on April 20, 2001, the application for certificate of registration submitted by M/s. Authentic Finance Pvt. Ltd. , 16, Netaji Subhas Road, 4th Floor, Kolkata -700 001. As such, the above company cannot transact the business of non-banking financial institution as defined in Clause (a) of Section 45 I of the Reserve Bank of India
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Apr 27, 200117 Year Government Stock - Auction ResultsThe results of the auction of 17 Year Government Stock held on April 27, 2001 are : Auction Results I.Notified amount: Rs.2000.00 crore II.Bids received (i) Number:257 (ii) Amount:Rs. 8287.00 crore III.Cut-off Yield (Coupon rate):Rs.10.45 IV.Bids accepted (i) Number:25 (ii) Amount:Rs. 2000.00 crore &The results of the auction of 17 Year Government Stock held on April 27, 2001 are : Auction Results I.Notified amount: Rs.2000.00 crore II.Bids received (i) Number:257 (ii) Amount:Rs. 8287.00 crore III.Cut-off Yield (Coupon rate):Rs.10.45 IV.Bids accepted (i) Number:25 (ii) Amount:Rs. 2000.00 crore &
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Apr 27, 200191 Day Treasury Bills : Auction ResultsDate of Auction :April 27, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:17 Amount:Rs.411.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.11 IV.Competitive bids accepted NumbeDate of Auction :April 27, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:17 Amount:Rs.411.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.11 IV.Competitive bids accepted Numbe
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Apr 27, 2001RBI Reference Rate for US $April 27, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs. 46.86 on 27.04.2001. 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 YENApril 26, 200146.860067.513542.110738.28April 27, 200146.860067.511242.352137.8400Note : The reference rate is based on 12 noon rates of a few select banks iApril 27, 2001The Reserve Bank of Indias Reference Rate for the US dollar is Rs. 46.86 on 27.04.2001. 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 YENApril 26, 200146.860067.513542.110738.28April 27, 200146.860067.511242.352137.8400Note : The reference rate is based on 12 noon rates of a few select banks i
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Apr 27, 200111.50 per cent Government Stock, 2011 - Auction ResultsThe results of the auction of 11.50 per cent Government Stock, 2011 held on April 27, 2001 are : Auction Results I.Notified amount: Rs.4000.00 crore II.Bids received (i) Number:216 (ii) Amount:Rs. 9316.005 crore III.Cut-off price (per cent):Rs.108.81 (YTM) (10.1208%) IV.Bids accepted (i) Number:88 (iThe results of the auction of 11.50 per cent Government Stock, 2011 held on April 27, 2001 are : Auction Results I.Notified amount: Rs.4000.00 crore II.Bids received (i) Number:216 (ii) Amount:Rs. 9316.005 crore III.Cut-off price (per cent):Rs.108.81 (YTM) (10.1208%) IV.Bids accepted (i) Number:88 (i
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Apr 27, 2001Liquidity Adjustment Facility : Auction ResultsThe results of the RBI Repo/Reverse Repo auctions held on April 27, 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) 8 5610 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) 5 110 6.75 Nil NA NAThe results of the RBI Repo/Reverse Repo auctions held on April 27, 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) 8 5610 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) 5 110 6.75 Nil NA NA
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Apr 26, 2001Reserve Bank of India - Foreign Exchange Data from 03/04/2001 to 12/04/2001All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES03/04/2001502598528795801,300111381111404/04/20013716721920144921,853773731271409/04/200148661281041235891,385105481861810/04/2001346505281754281,101754381081111/04/2001283984262158061,582190356696712/04/2001304160122516141,2961,2561173358755SALES03/04/2001398267212218234881,296129All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES03/04/2001502598528795801,300111381111404/04/20013716721920144921,853773731271409/04/200148661281041235891,385105481861810/04/2001346505281754281,101754381081111/04/2001283984262158061,582190356696712/04/2001304160122516141,2961,2561173358755SALES03/04/2001398267212218234881,296129
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Apr 26, 2001Subsidiary General Ledger Account Transactions in Government Dated Securities and Treasury Bills at RBI, Mumbai on 24 April 2001--------------------------------------------------------------------------- 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 20, 2001 00008 10.70 % 2020 2.50 99.85 10.7184 Contract Date : April 23, 2001 97004 12.69 % 2002 1.289 103.50 9.0983 97004 12.69 % 20--------------------------------------------------------------------------- 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 20, 2001 00008 10.70 % 2020 2.50 99.85 10.7184 Contract Date : April 23, 2001 97004 12.69 % 2002 1.289 103.50 9.0983 97004 12.69 % 20
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Apr 26, 2001Underwriting by Primary DealersThe Reserve Bank of India has announced that the cut-off rate for underwriting by Primary Dealers for the Price Based Auction of 11.50% Government Stock 2011 to be held on April 27,2001 was 3.00 paise and the cut-off rate for Yield Based Auction of the 17 year Government Stock was 2.50 paise.Suraj Prakash ManagerPress Release : 2000-01/1473The Reserve Bank of India has announced that the cut-off rate for underwriting by Primary Dealers for the Price Based Auction of 11.50% Government Stock 2011 to be held on April 27,2001 was 3.00 paise and the cut-off rate for Yield Based Auction of the 17 year Government Stock was 2.50 paise.Suraj Prakash ManagerPress Release : 2000-01/1473
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