--------------------------------------------------------------------------- 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 : July 31, 2001 01006 10.25 % 2021 5.00 101.95 10.0185 Contract Date : August 01, 2001 01007 9.39 % 2011 5.00 100.84 9.2565 Contract Date : A

The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.250 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 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

--------------------------------------------------------------------------- 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 : August 01, 2001 93009 13.31 % 2001 10.00 101.69 7.3034 98031 11.47 % 2001 40.00 101.44 7.2016 97004 12.69 % 2002 10.00 103.98 7.2776 96016

The Reserve Bank of India has changed some of the tables in its Weekly Statistical Supplement (WSS) to the monthly Bulletin of the Reserve Bank of India. Released every Saturday, the supplement contains data on economy, banking and financial markets. The changes have been necessitated on account of some recent decisions, such as, discontinuation of auctions of 14-day and 182-day Government of India Treasury Bills with effect from the week beginning May 14, 2001, opera

--------------------------------------------------------------------------- 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 : July 27, 2001 01006 10.25 % 2021 10.00 102.20 9.9899 01006 10.25 % 2021 15.00 102.20 9.9899 Contract Date : July 31, 2001 94009 11.75 % 200

--------------------------------------------------------------------------- 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 : July 27, 2001 88008 11.50 % 2008 0.65 112.93 8.9232 Contract Date : July 30, 2001 93009 13.31 % 2001 10.00 101.73 7.2239 87006 11.00 % 2002

Date of Auction :August 1, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.717.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.28 IV.Competitive bids accepted Number:9 Amount:Rs.250.00 crore V.Partial Allotment Percentage:67.86 (4 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.P.V. Sadanandan Asst. ManagerPress

The Government of Gujarat have announced the sale of 8-year stock to the public by auction for Rs.250 crore. The auction will be conducted by Mumbai (Fort) office of the Reserve Bank of India on August 6, 2001. Tenders should be submitted in the prescribed form on Monday, August 6, 2001 before 14.30 hrs. Results will be announced the same evening. Payment by successful bidders will be on Tuesday, August 7, 2001.Alpana Killawala General ManagerPress Release: 2001-02/13

--------------------------------------------------------------------------- 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 : July 27, 2001 00016 11.40 % 2008 5.00 114.84 8.5623 99006 11.99 % 2009 25.00 115.48 9.1389 99006 11.99 % 2009 10.00 115.47 9.1406 99004 12.