Constitution of a working group of State Finance Secretaries to explore the scope for reducing the interest burden of states, including measures such as, debt prepayment and recource to floating rate debt instruments was an important decision taken at the conference of the State Finance Secretaries held in the Reserve Bank of India today. Yet another significant decision was constitution of a task force on similar lines to analyse and report on the extent of manouvera

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.Tenders should be submitted in the prescribed form on Friday, May 05, 2000 before 1430 hours. The results will be announced the same evening. Payment by successful bidders will be on Monday, May 08, 2000.N.S.D. Lobo Asstt. Mana

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.Tenders should be submitted in the prescribed form on Friday, May 05, 2000 before 1430 hours. The results will be announced the same evening. Payment by succes

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities 12.14 % 2000 10.00 100.27 8.7045 11.64 % 2000 0.50 100.65 8.7628 11.40 % 2000 10.00 100.91 9.0975 11.40 % 2000 5.00 100.87 9.1955 11.40 % 2000 5.00 100.91 9.0975 13.

The Reserve Bank of India has announced the auction of 364 day Government of India treasury bills for a notified amount of Rs.500 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, May 3, 2000, before 1430 hours. The results will be announced the same evening. Payme

Date of Auction : April 28, 2000 I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.390.00 crore (b) Non-competitive bids Number:1 Amount:Rs.25.00 crore III.Cut-off price:Rs.98.06 IV.Competitive bids accepted Number:4 Amount:Rs.100.00 crore V.Partial Allotment Percentage:N.A. VI.Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.25.00 crore (b)Partial Allotment Percentage:NAP.V. Sadanandan Asstt. M

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities 11.64 % 2000 2.50 100.575 9.1000 Zero Coupon Bond 2000 (II) 10.00 97.912 8.6177 Zero Coupon Bond 2000 (II) 10.00 97.924 8.5665 11.40 % 2000 1.00 100.86 9.2350 11.40

Date of Auction :April 28, 2000I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:18 Amount:Rs.198.00 crore (b) Non-competitive bids Number:1 Amount:Rs.150.00 crore III.Cut-off price:Rs.99.73 IV.Competitive bids accepted Number:12 Amount:Rs.100.00 crore V.Partial Allotment Percentage:22.22 (7 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.150.00 crore (b)Partial Allotment Percentage:N.A VIII.Weigh

Government of India have announced auction of 12.25 percent Government Stock, 2010 for an aggregate amount of Rs 6,000 crore(nominal). 2. The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Wednesday, May 3, 2000. Bids in the prescribed form obtainable from the Regional Director, RBI, Public Debt Office, Fort, Mumbai should be submitted on Wednesday, May 3, 2000 during the banking hours. On the basis of bids received,

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Zero Coupon Bond 2000 3.50 98.014 9.6000 11.64 % 2000 10.00 100.52 9.3498 11.64 % 2000 15.00 100.53 9.3093 11.64 % 2000 10.00 100.54 9.2688 11.40 % 2000 2.00 100.76