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

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

May 11, 2001The Reserve Bank of India’s 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

The 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

(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

--------------------------------------------------------------------------- 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

May 10, 2001The Reserve Bank of India’s 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

The 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

The 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

The 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

(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

--------------------------------------------------------------------------- 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

The 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

Date 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

May 9, 2001The Reserve Bank of India’s 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

The 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

The 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

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.

(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

--------------------------------------------------------------------------- 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