(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings843210623019055Lendings68112536313512482(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.918.03 (b) Range of rates7.40-8.407.40-8.602 Term Money Market*Volume(Turnover)Range of Rates13589.00-12.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 4879at Bank Rate4. Liquidity Adju

The Government of Karnataka have announced the sale of 10 year stock to the public by auction for Rs.250 crore. The auction will be conducted by Mumbai (Fort) office of the Reserve Bank of India on December 5, 2000. Tenders should be submitted in the prescribed form on Tuesday, December 5, 2000 before 14.30 hrs. Results will be announced the same evening. Payment by successful bidders will be on Wednesday, December 6, 2000. This is the second auction of State loans du

November 30, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.84 on 30.11.2000. 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 YEN29 November 200046.890066.534640.231642.6230 November 200046.840066.587740.261342.1800Note : The reference rate is based on 12 noon rates of a few select ba

The results of the RBI repos/reverse repo auctions held on November 30 , 2000 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) 2 200 Nil NA 2. Applications Accepted one day repo period (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 2 200 8.00 NA NA NA P.V. Sadanandan Asstt. ManagerPress Release

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 December 1, 2000 (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

November 29, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.89 on 29.11.2000. 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 YEN28 November 200046.890066.551040.041742.5029 November 200046.890066.534640.231642.6200Note : The reference rate is based on 12 noon rates of a few select ban

Date of Auction : November 29, 2000 I.Notified amount: Rs.500.00 crore II.Bids received (a) Competitive bids Number:44 Amount:Rs.977.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.90.82 IV.Competitive bids accepted Number:22 Amount:Rs.500.00 crore V.Partial Allotment Percentage:40.91 (6 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:NA VIII.Weighted Average Price:90

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : November 23, 2000 11.40 % 2008 1.75 101.62 11.0763 Contract Date : November 27, 2000 11.50 % 2011 5.00 99.96 11.5061 Contract Date : November 28, 200

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings971610746020462Lendings89443354275315051(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.038.10 (b) Range of rates7.80-9.007.10-9.302 Term Money Market*Volume(Turnover)Range of Rates14949.00-12.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 6064at Bank Rate4. Liquidity Adju

The Reserve Bank of India has set up a multi-disciplinary working group to look into introduction of risk based internal inspection/audit in banks in India and to make suitable recommendations. The composition of the Working Group is:1.Shri G. Sitharaman:Chairman President The Institute of Chartered Accountants of India 2.Shri K. L. Khetarpaul:Member Chief General Manager-in-Charge Reserve Bank of India Department of Banking Supervision Central Office, Mumbai 3.Shri A

The price list effective from November 30, 2000 is as under:Sr.no.SecuritySale Price Rs. Ps.1.12.15% 2008105.33P. V. Sadanandan Assistant ManagerPress Release : 2000-2001/808

The Reserve Bank of India has on November 29, 2000, notified that foreign investments in ICICI Ltd. under the portfolio investment scheme has gone below 49 per cent. Foreign Institutional Investors (FIIs)/Non-resident Indians (NRIs)/overseas corporate bodies (OCBs) and persons of Indian origin (PIOs) can, therefore, after obtaining prior clearance of the Reserve Bank of India purchase equity shares of ICICI Ltd. through stock exchanges under the portfolio investment s

The results of the RBI repos/reverse repo auctions held on November 29 , 2000 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) 2 175 Nil NA 2. Applications Accepted one day repo period (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 2 175 8.00 NA NA NA P.V. Sadanandan Asstt. ManagerPress Release

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 November 30, 2000 (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

November 28, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.89 on 28.11.2000. 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 November 200046.860065.697739.425742.1928 November 200046.890066.551040.041742.5000Note : The reference rate is based on 12 noon rates of a few select ba

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : November 24, 2000 11.50 % 2011 5.00 100.11 11.4821 Contract Date : November 25, 2000 11.03 % 2012 5.00 96.65 11.5553 Contract Date : November 27, 200

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : November 24, 2000 11.10 % 2003 25.00 101.435 10.3881 11.19 % 2005 5.00 102.10 10.6030 11.40 % 2008 5.00 101.45 11.1091 11.99 % 2009 20.00 104.05 11.2

The Central Government has reconstituted the Central Board of Directors for the Reserve Bank of India. The following persons have been nominated to be the directors on the Central Board of Directors of the Reserve Bank of India, for a period of four years with effect from November 27, 2000 :Shri Kushal Pal Singh, Chairman, DLF GroupProf. Vijay Shankar Vyas, Professor Emeritus, Institute of Development StudiesShri Davinder Singh Brar, CEO and Managing Director, Ranbaxy

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1224410495022739Lendings93474108320716662(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.128.14 (b) Range of rates7.80-9.008.00-9.302 Term Money Market*Volume(Turnover)Range of Rates8109.00-12.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 7265at Bank Rate4. Liquidity Adju

The results of the RBI repos/reverse repo auctions held on November 28 , 2000 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 8000 Nil NA 2. Applications Accepted one day repo period (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 8000 8.00 Nil NA NA P.V. Sadanandan Asstt. ManagerPress Relea