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, Octob

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 October 9, 2000 the application for certificate of registration submitted by M/s. First City Finance & Investment Ltd., 63/1, II Main Road, Gandhi Nagar, Adyar, Chennai-600 020, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking fin

The 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

The 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

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 October 23, 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 four-day repo auction in Government of India dated securities and Treasury Bills of all maturities of 91, 182 and 364 day Treausry Bills on October 23, 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 sam

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings110866660017746Lendings60651853405411972(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.458.51 (b) Range of rates7.50-9.508.00-9.202 Term Money Market*Volume(Turnover)Range of Rates4588.89-11.703. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 9881At 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 18, 2000 10.85 % 2001 10.00 100.30 10.3938 11.75 % 2001 10.00 101.04 10.4054 11.00 % 2002 5.00 100.67 10.5130 11.00 % 2002 5.00 100.67 10.513

Date of Auction : October 20, 2000 I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:20 Amount:Rs.230.00 crore (b) Non-competitive bids Number:1 Amount:Rs.90.00 crore III.Cut-off price:Rs.97.64 IV.Competitive bids accepted Number:8 Amount:Rs.100.00 crore V.Partial Allotment Percentage:50.00 (1 bid) VI.Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.90.00 crore (b)Partial Allotment Percentage:NAN.L.Rao Asstt

October 20, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.34 on 20.10.2000. 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 YEN19 October 200046.330067.011738.933443.0020 October 200046.340067.044739.182842.7100Note : The reference rate is based on 12 noon rates of a few select banks

MERCHANTINTER BANKFCY/INRFCY/FCYFCY/INRFCY/FCYPOSITION DATESPOTFORWARD FORWARD CANCELLATIONSPOTFORWARDFORWARD CANCELLATIONSPOTSWAPFORWARDSPOTSWAPFORWARDPURCHASES3.10.200041719863244116171,08811430310874.10.2000269282741364651,208633146315.10.2000354524061784181,47411726464206.10.2000227713371064171,3381283043619SALES3.10.20003491772724396251,07011132411674.10.2000213115109865181,116523296915.10.20003061003261664211,4898928164196.10.20002689427974051,2751453123623

The Reserve Bank of India has on October 20, 2000 notified that no further purchases of shares of M/s.Hughes Tele.com (India) Ltd. should be made on behalf of foreign institutional investors (FIIs)/NRIs/OCBs/PIOs under the portfolio investment scheme without prior permission of the Reserve Bank. The Reserve Bank has stated that M/s.Hughes Tele.com (India) Ltd. has reached the trigger limit of 47 per cent of its paid up equity capital. Alpana Killawala General ManagerP

Date of Auction :October 20, 2000I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.239.00 crore (b) Non-competitive bids Number:1 Amount:Rs.225.00 crore III.Cut-off price:Rs.99.67 IV.Competitive bids accepted Number:10 Amount:Rs.100.00 crore V.Partial Allotment Percentage:23.62 (6 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.We

The results of the RBI Repo/Reverse Repo auctions held on October 20, 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 three day repo period: (i) Number (ii) Amount 4 2125 Nil NA 2.Applications accepted for three day repo period: (i) Number (ii) Amount (iii) Cut-off Rate (per cent) 4 2125 8.50 NA NA NA 3.Applications received for five day repo p

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings143516905021256Lendings72662229454814043(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.578.78 (b) Range of rates7.50-11.007.90-11.002 Term Money Market*Volume(Turnover)Range of Rates9289.50-12.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 9625at Bank Rate4. Liquidity Adj

October 19, 2000The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.33 on 19.10.2000. 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 YEN18 October, 2000 46.330067.164639.653842.8919 October, 200046.330067.011738.933443.0000Note : 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 : October 17, 2000 13.85 % 2000 10.00 100.58 10.5331 13.85 % 2000 10.00 100.58 10.5331 11.75 % 2001 10.00 100.95 10.5213 11.75 % 2001 5.00 101.00 10.45

The results of the RBI Repo/Reverse Repo auctions held on October 19, 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 11 2695 Nil NA 2.Applications accepted for one day repo period: (i) Number (ii) Amount (iii) Cut-off Rate (per cent) 11 2695 8.50 NA NA NA 3.Applications received for five day repo 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 October 20, 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

In addition to regular auctions under the Scheme of Liquidity Adjustment Facility, Reserve Bank of India has announced a five-day repo auction in Government of India dated securities and Treasury Bills of all maturities of 91, 182 and 364 day Treausry Bills on October 20, 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 in the sam