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 1, 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.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings162369830026066Lendings125003626485820984(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.837.88 (b) Range of rates7.30-8.107.20-9.102 Term Money Market*Volume(Turnover)Range of Rates18168.50-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8578at Bank Rate4. Liquidity Adj

--------------------------------------------------------------------------- Nomenclature Amount Price * YTM % (Face Value) Per Rs.100 Indicative (in Rs.Crore) nominal --------------------------------------------------------------------------- I. Outright Transactions A.Government of India Dated Securities Contract Date : February 22, 2001 11.75 % 2001 5.00 101.28 9.1118 11.75 % 2001 5.00 101.28 9.1118 11.75 % 2001 5.00 101.28 9.1118 11.75 % 2001 25.00 101.28 9.1118 11

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES05/02/20013347738724244221,306654051033506/02/2001433629624146581,606765331103107/02/200136362251425147221,09764563103908/02/20014341104471187031,30541397771509/02/20013516372142131,0051,151555118420SALES05/02/2001295122201419274131,079744031153506/02/20013771886531116461,327805451

February 27, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs. 46.67 on 27.02.2001. 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 February, 200146.630067.888642.818040.1527 February, 200146.670067.498842.605040.1900Note : The reference rate is based on 12 noon rates of a few selec

The results of the RBI Repos/Reverse Repo auctions held on February 27, 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) 1 6500 Nil NA 2. Applications accepted for one day repo period (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 6500 7.50 NA NA NA

It may be recalled that Standing Committee on International Financial Standards and Codes was constituted in December 1999 in order to identify and monitor developments in global standards and codes, consider aspects of applicability of these standards to Indian financial system, periodically review the status and make available its reports to all concerned organisations in public or private sector. The Standing Committee chaired by Deputy Governor, Reserve Bank of In

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 February 28, 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 11.00

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings112033527014730Lendings8527314795212626(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.887.92 (b) Range of rates7.10-8.107.50-8.802 Term Money Market*Volume(Turnover)Range of Rates12769.50-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 8613at Bank Rate4. Liquidity Adjus

February 26, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.63 on 26.02.2001. 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 YEN23 February, 200146.580067.396642.175939.920026 February, 200146.630067.888642.818040.1500Note : The reference rate is based on 12 noon rates of a few selec