The 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

--------------------------------------------------------------------------- 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 : December 05, 2000 11.55 % 2001 2.00 100.68 10.2680 11.03 % 2012 5.00 96.89 11.5177 Contract Date : December 06, 2000 11.55 % 2001 5.00 100.79 10.0624

--------------------------------------------------------------------------- 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 : December 04, 2000 11.03 % 2012 20.00 96.77 11.5370 11.03 % 2012 20.00 96.84 11.5257 Contract Date : December 05, 2000 13.75 % 2001 0.50 101.65 10.065

Date of Auction : December 6, 2000 I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:24 Amount:Rs.239.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.95.43 IV.Competitive bids accepted Number:10 Amount:Rs.100.00 crore V.Partial Allotment Percentage:79.47 (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:95.

--------------------------------------------------------------------------- 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 : December 01, 2000 11.50 % 2011 5.00 100.13 11.4779 Contract Date : December 02, 2000 13.75 % 2001 1.00 101.67 10.0893 12.08 % 2001 1.00 101.25 9.7484

--------------------------------------------------------------------------- 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 : December 01, 2000 13.75 % 2001 0.27 101.72 10.0047 Contract Date : December 02, 2000 11.19 % 2005 1.00 102.10 10.6011 11.30 % 2010 5.00 99.81 11.3271

The results of the auction of State Government Stock held on December 5, 2000 are : Auction Results Tenure:10 years I.Notified amount: Rs.250.00 crore II.Bids Received (i) Number:63 (ii)Amount:Rs.718.515 crore III.Cut-off Yield:11.57 IV.Bids Accepted (i) Number:33 (ii)Amount:Rs.250.00 crore V.Partial Allotment Percentage:24.75 (6 bids) VI .Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Total Amount Accepted:Rs.250.00 crore VIII.Weig

--------------------------------------------------------------------------- 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 : December 01, 2000 11.75 % 2001 5.00 101.08 10.1325 12.69 % 2002 5.00 103.04 10.3535 11.15 % 2002 5.00 101.405 10.2306 11.10 % 2003 5.00 101.54 10.330

--------------------------------------------------------------------------- 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 29, 2000 11.40 % 2008 5.00 101.45 11.1087 Contract Date : November 30, 2000 11.55 % 2001 5.00 100.76 10.1504 11.55 % 2001 10.00 100.74 10.18

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.Tenders should be submitted in the prescribed form on Wednesday, December 6, 2000 before 1430 hours. The results will be announced the same evening. P