The 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, Novem

The results of the RBI Repo/Reverse Repo auctions held on November 6, 2000 are : (Amount in face value in Rs. crore) Item Repo 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 Nil NA 7 315 2.Applications accepted for one day repo period: (i) Number (ii) Amount (iii) Cut-off Rate (per cent) NA NA NA 4 165 10 3.Applications received for three day repo period:

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 7, 2000 (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 11.00 a.

In addition to regular auctions under the Scheme of Liquidity Adjustment Facility, Reserve Bank of India has announced a three-day repo auction in Government of India dated securities and Treasury Bills of all maturities of 91, 182 and 364 day Treausry Bills on November 7, 2000 (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 in the s

--------------------------------------------------------------------------- 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 01, 2000 11.30 % 2010 5.00 98.35 11.5800 11.03 % 2012 0.368 95.77 11.6962 Contract Date : November 02, 2000 13.85 % 2001 0.10 101.45 9.9648

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings89089049017957Lendings48514412262811891(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.668.94 (b) Range of rates7.80-11.008.00-11.002 Term Money Market*Volume(Turnover)Range of Rates9539.50-12.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 9351.00At Bank Rate4. Liquidity A

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 6, 2000 (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

In addition to regular auctions under the Scheme of Liquidity Adjustment Facility, Reserve Bank of India has announced a three-day repo auction in Government of India dated securities and Treasury Bills of all maturities of 91, 182 and 364 day Treausry Bills on November 6, 2000 (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 in the sa

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings127526709019461Lendings64491801334811598(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.408.45 (b) Range of rates8.00-9.708.20-9.302 Term Money Market*Volume(Turnover)Range of Rates10379.50-12.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 10507.66At Bank Rate4. Liquidity

Dr. R.B.Barman, Principal Adviser, Department of Statistical Analysis and Computer Services, Reserve Bank of India , Central Office, Mumbai has been appointed as Executive Director with effect from November 3, 2000.N.L. Rao Asstt. ManagerPress Release : 2000-2001/667

Date of Auction :November 3, 2000I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:19 Amount:Rs.274.50 crore (b) Non-competitive bids Number:1 Amount:Rs.225.00 crore III.Cut-off price:Rs.99.70 IV.Competitive bids accepted Number:3 Amount:Rs.100.00 crore V.Partial Allotment Percentage:76.92 (2 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.225.00 crore (b)Partial Allotment Percentage:N.A. VIII.Wei

Date of Auction : November 3, 2000 I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:20 Amount:Rs.227.00 crore (b) Non-competitive bids Number:1 Amount:Rs.125.00 crore III.Cut-off price:Rs.97.75 IV.Competitive bids accepted Number:8 Amount:Rs.100.00 crore V.Partial Allotment Percentage:88.89 (2 bids) VI.Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.125.00 crore (b)Partial Allotment Percentage:NAN.L. Rao A

November 3, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.69 on 03.11.2000. 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 YEN02 November 200046.760067.713240.239343.2203 November 200046.690067.471740.144143.1700Note : The reference rate is based on 12 noon rates of a few select ban

--------------------------------------------------------------------------- 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 01, 2000 10.85 % 2001 5.00 100.34 10.3151 10.85 % 2001 5.00 100.34 10.3151 11.75 % 2001 5.00 101.06 10.3186 12.69 % 2002 5.00 103.025 10.486

Addressing the Conference of the Finance Secretaries of states, Dr. Bimal Jalan, Governor, Reserve Bank of India said, "Given India's potential and strength to grow, it is our collective responsibility to put our systems in a way that the full potential could be realised." In this context, he emphasised the coordinated efforts of the Centre, the States and the Reserve Bank of India in improving the systems which is also reflected in the tremendous confidence shown by

There were no bids received for repo and reverse repo auctions today (03.11.2000) under Liquidity Adjustment Facility.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings126126189018801Lendings74831551309612130(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.258.30 (b) Range of rates7.20-8.608.10-8.802 Term Money Market*Volume(Turnover)Range of Rates9239.50-12.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 9623At Bank Rate4. Liquidity Adjus

--------------------------------------------------------------------------- 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 : October 30, 2000 11.03 % 2012 2.50 95.72 11.7043 Contract Date : October 31, 2000 5.75 % 2001 0.0073 93.35 16.6562 11.55 % 2001 10.00 100.745 10.3181

November 2, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.76 on 02.11.2000. 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 YEN01 November 200046.790067.857239.783242.9802 November 200046.760067.713240.239343.2200Note : The reference rate is based on 12 noon rates of a few select ban

Currently, SGL Account holders (banks, financial institutions, Primary Dealers. etc.) are provided the facility to maintain a second SGL account called Constituents’ SGL Account in the books of the Reserve Bank of India to enable them to hold Government securities on behalf of their constituents. In the mid-term review of Monetary and Credit Policy for the year 2000-01, the Governor had announced that the Reserve Bank will frame a set of guidelines governing the maint