All Figures are in USD Millions Merchant Inter Bank FCY/INR FCY/FCY FCY/INR FCY/FCY Position Spot Forward Forward Spot Forward Forward Spot Swap Forward Spot Swap Forward Date Cancel- ation Cancel- ation PURCHASES 16/04/2001 309 73 31 6 7 3 890 1,084 49 143 18 20 17/04/2001 310 88 79 5 22 11 1,086 1,448 159 450 94 3 18/04/2001 248 42 25 18 16 6 538 919 104 383 112 4 19/04/2001 270 46 61 20 21 17 498 1,419 84 429 152 3 20/04/2001 288 42 56 2 13 15 435 1,671 100 474 69

--------------------------------------------------------------------------- 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 02, 2001 00008 10.70 % 2020 10.00 100.60 10.6250 00018 11.60 % 2020 5.00 107.81 10.6405 Contract Date : May 03, 2001 94009 11.75 % 2001

The Reserve Bank of India has modified the scheme of automatic invocation of special fund facility securities settlement with effect from today. The change has been necessitated consequent upon the split of the standing liquidity facilities available to banks and primary dealers from the Reserve Bank. The split of standing liquidity facility for banks and primary dealers was announced in Monetary and Credit Policy 2001-2002 in April 2001 and became effective from May

The Reserve Bank of India has appointed Shri G.P.Muniappan, former Executive Director, Reserve Bank of India as Banking Ombudsman at Thiruvananthpuram from April 26, 2001. As Banking Ombudsman, Shri G.P.Muniappan would have his office at Reserve Bank of India Building, Bakery Junction, Thiruvananthpuram-695033 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Kerala

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 8, 2001 (Tuesday) 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. on

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings1578810778026566Lendings152573083376522105(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.787.73 (b) Range of rates6.50-8.706.90-8.602 Term Money Market*Volume(Turnover)Range of Rates327.008.70-10.753. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 9047.00at Bank Rate4. Liquidi

--------------------------------------------------------------------------- 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 03, 200 98009 11.90 % 2007 5.00 110.50 10.7674 Contract Date : April 30, 2001 00017 11.50 % 2011 5.00 108.80 10.1223 Contract Date : Ma

Date of Auction :May 4, 2001I.Notified amount: Rs.100.00 crore      II.Bids received   (a) Competitive bids     Number:18   Amount:Rs.263.50 crore (b) Non-competitive bids     Number:1   Amount:Rs.100.00 crore    III.Cut-off price:Rs.99.73      IV.Competitive bids accepted  &n

May 4, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.83 on 04.05.2001. 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 YEN03 May, 200146.850067.311742.047938.550004 May, 200146.830067.233841.723238.6500Note : The reference rate is based on 12 noon rates of a few select banks in Mumba

Date of Auction :May 4, 2001I.Notified amount: Rs.100.00 crore      II.Bids received   (a) Competitive bids     Number:23   Amount:Rs.348.00 crore (b) Non-competitive bids     Number:0   Amount:Nil    III.Cut-off price:Rs.98.19      IV.Competitive bids accepted   Number:5