The results of the RBI Repos/Reverse Repo auctions held on March 15, 2001 are : Item Repo 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) Nil NA 3 145 2. Applications accepted for one day repo period (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA NA NA NA

The Reserve Bank of India under the Scheme of Liquidity Adjustment Facility, has announced three-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 March 16, 2001 (Friday) 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 11.00 a.m

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings178448022025866Lendings119263204543620566(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.187.20 (b) Range of rates6.50-7.406.10-7.602 Term Money Market*Volume(Turnover)Range of Rates21268.15-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8308at Bank Rate4. Liquidity Adj

--------------------------------------------------------------------------- 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 : March 09, 2001 00014 11.30 % 2010 5.00 108.56 9.8761 Contract Date : March 12, 2001 97011 11.15 % 2002 10.00 103.11 8.8416 94010 11.55 % 20

March 14, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 46.69 on 14.03.2001. 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 USD1GBP1 EURO100 YEN13 March, 200146.610068.269743.251738.7914 March , 200146.690067.630542.686338.8600Note : The reference rate is based on 12 noon rates of a few select banks i

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 March 12, 2001 the application for certificate of registration submitted by M/s. Shoparna Securities Pvt. Ltd., 8/1, Lal Bazar Street, Bikaner Building, Room No.20, Calcutta 700 001. As such, the above company cannot commence the business of a non-banking financial institution as defined in Clause (a) of Section 45 I of the R

Date of Auction : March 14, 2001 I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:20 Amount:Rs.192.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.95.82 IV.Competitive bids accepted Number:16 Amount:Rs.100.00 crore V.Partial Allotment Percentage:6.90 (3 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:NA VIII.Weighted Average Price:95.93A

The results of the RBI Repos/Reverse Repo auctions held on March 14, 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) 2 140 Nil NA2. Applications accepted for one day repo period (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 2 140 7.00 NA NA NA

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 March 15, 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 11.00 a.m

--------------------------------------------------------------------------- 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 : March 07, 2001 95012 14.00 % 2005(INSTA 10.00 115.15 9.7666 Contract Date : March 08, 2001 95012 14.00 % 2005(INSTA 5.00 115.40 9.7012 0001