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 May 31, 2001 (Thursday) 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.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14117.009558.00 23675.00Lendings14902.002076.004951.0021929.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.027.03 (b) Range of rates6.25-7.255.00-8.002 Term Money Market*Volume(Turnover)Range of RatesBorrowings10.009.50- 9.50Lendings16.008.00- 10.253. 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 : May 25, 2001 98009 11.90 % 2007 5.00 111.65 9.3233 98007 12.00 % 2008 5.00 110.95 9.7853 98007 12.00 % 2008 5.00 110.94 9.7872 00016 11.40

In the Monetary & Credit Policy 2001-02, it was proposed that from June 2, 2001, all transactions in Government securities settled through the Subsidiary General Ledger (SGL)/Delivery versus Payment (DVP) system would be on T + 1 basis. The feedback from the market participants with whom Reserve Bank has had several rounds of consultation is that the date from which T + 1 settlement will be introduced for Subsidiary General Ledger settled transactions should be co

The results of the auction of 12 Year Government Stock Auction held on May 29, 2001 are : Auction Results I.Notified amount: Rs.3,000.00 crore II.Bids received (i) Number:243 (ii) Amount:Rs. 7064.767 crore III.Cut-off Yield (Coupon rate):Rs.9.81 IV.Bids accepted (i) Number:82 (ii) Amount:Rs. 3000.00 crore V.Partial Allotment Percentage:12.85 (22 bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on RBI:Nil VIII.Weig

The results of the auction of 20 Year Government Stock Auction held on May 29, 2001 are : Auction Results I.Notified amount: Rs.2,000.00 crore II.Bids received (i) Number:196 (ii) Amount:Rs. 7440.509 crore III.Cut-off Yield (Coupon rate):Rs.10.25 IV.Bids accepted (i) Number:27 (ii) Amount:Rs. 2000.00 crore V.Partial Allotment Percentage:51.20 (14 bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on RBI:Nil VIII.Wei

May 29, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.97 on 29.05.2001. 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 : DateCURRENCY 1 USD1 GBP1 EURO100 YEN28 May, 200146.940066.746340.370738.7729 May, 200146.970066.608240.175838.9100Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai

The results of the RBI Repo/Reverse Repo auctions held on May 29, 2001 are :ItemRepo 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 (Face value in Rs. crore) 1 10500 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 10500 6.50 NA NA NA3. Weighted average Cut-off Rate (per

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 May 30, 2001 (Wednesday) 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.

(Amount in Rupees crore andrate in per cent per annum)1. Call/Notice Money Market* (i) Volumes     BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings5466.002567.00 8033.00Lendings5622.001078.002328.009028.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.057.07 (b) Range of rates6.25-8.506.50-7.652 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility