--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : June 20, 2001 00016 11.40 % 2008 10.00 111.14 9.2407 00016 11.40 % 2008 10.00 111.12 9.2443 00017 11.50 % 2011 10.00 112.12 9.6299 Contract

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 June 25, 2001 (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 10.30 a.m. o

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13340.0012047.00 25387.00Lendings17655.002338.003690.9823683.98(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.097.10 (b) Range of rates6.15-7.256.56-8.102 Term Money Market*Volume(Turnover)Range of RatesBorrowings21.007.00-9.00Lendings10.0010.50-10.503. Standing Liquidity Facility Availed from RBI $ Am

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : June 19, 2001 00016 11.40 % 2008 10.00 110.81 9.3008 01005 9.81 % 2013 10.00 100.515 9.7346 Contract Date : June 20, 2001 94006 12.08 % 200

June 22, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.01 on 22.06.2001. 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 : Date CURRENCY 1 USD1 GBP1 EURO100 YEN21 June, 2001 47.000065.750740.180337.9522 June, 2001 47.010066.507440.172437.8100Note : The reference rate is based on 12 noon rates of a few select banks in

The results of the RBI Repo/Reverse Repo auctions held on June 22, 2001 are :ItemRepo 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 (Face value in Rs. crore) 1 600 Nil NA2. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 600 6.50 NA NA NA3. Weighted average Cut-off Rate (per

--------------------------------------------------------------------------- Loan Nomenclature Amount Price * YTM % Code (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : June 18, 2001 00018 11.60 % 2020 5.00 111.22 10.2580 Contract Date : June 19, 2001 97004 12.69 % 2002 15.00 103.74 8.2285 97004 12.69 % 200

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings15694.0011215.00 26909.00Lendings16623.003401.004557.3324581.33(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.037.04 (b) Range of rates6.25-7.905.00-8.102 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings40.009.10-10.253. Standing Liquidity Facility Availed from RBI $ Amount (outstan

June 21, 2001 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 June 19, 2001 the application for certificate of registration submitted by M/s. Lefin Impex Limited, 812, Ashiana Plaza, Budh Marg, Patna-800 001, for carrying on the business of a Non-Banking Financial Institution. As such, the above company cannot transact the business of a non-banking financial institution as

June 21, 2001 The Reserve Bank of India closed the Open Market Operations window today after the stock was oversubscribed . It had offered 11.03 per cent, 2012 stock for sale under its Open Market Operations window today. The Reserve Bank stated that applicants up to Rs.20 crore were given full allotment and those above Rs.20 crore were given partial allotment with a minimum allotted amount of Rs.20 crore. The overall allotment percentage was 53.80 per cent.Alpana Kil