--------------------------------------------------------------------------- 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 24, 2001 01007 9.39 % 2011 5.00 101.54 9.1490 01007 9.39 % 2011 5.00 101.45 9.1629 01001 10.47 % 2015 30.00 105.005 9.7935 01001 10.47

July 27, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.16 on 27.07.2001. 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 YEN26 July, 200147.160067.427041.559838.2527 July, 200147.160067.337441.477238.1200Note : The reference rate is based on 12 noon rates of a few select banks in Mum

The results of the RBI Repo/Reverse Repo auctions held on July 27, 2001 are : Item Repo 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) Nil NA 19 1875 2. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) Nil NA 19 1875 8.50 3. Weighted average Cut-off R

(Amount in Rupees crore andrate in per cent per annum)1. Call/Notice Money Market* (i) Volumes     BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14156.007863.00 22019.00Lendings13387.002470.003799.9419656.94(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.147.16 (b) Range of rates6.15- 7.355.18- 8.152 Term Money Market*Volume(Turnover)Range of RatesBorrowings75.008.00- 8.00Lendings85.008.00- 8.303. Stand

--------------------------------------------------------------------------- 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 23, 2001 00017 11.50 % 2011 5.00 114.05 9.3464 00017 11.50 % 2011 20.00 114.08 9.3422 00012 11.03 % 2012 5.00 110.05 9.5337 Contract D

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES25/06/20013636732381076531,21191404180326/06/2001375919882397131,294132501130627/06/2001406794031028154891,260817402491228/06/2001386871131113326251,836166541121629/06/2001426175924025186361,334131494219702/07/200129310265101378352,2221573511022503/07/200134860406751,0261,428363809

The Reserve Bank of India on July 26, 2001 has notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of NIIT Limited up to 49 per cent of its paid up capital through primary and secondary markets in India under Portfolio Investment Scheme. The company has passed resolution at its Board of Directors' and General Body Meetings for purchase of equity shares and convertible debentures by FIIs upto 49 per cent of its

July 26, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.16 on 26.07.2001. 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 YEN25th July, 200147.130066.985941.177537.910026th July, 200147.160067.427041.559838.2500Note : The reference rate is based on 12 noon rates of a few select banks

The results of the RBI Repo/Reverse Repo auctions held on July 26, 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) Nil NA 1 1002. 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 1 100 8.503. Weighted average Cut-off Rate (per cen

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 July 27, 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 10.30 a.m.