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

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 20 February, 2001 the application for certificate of registration submitted by M/s. Sterling Holiday Financial Services Ltd., having its Registered Office at 154, Eldams Road, Teynampet, Chennai - 600 018, for carrying on the business of a Non-Banking Financial Institution.As such, the above company cannot transact the busine

The results of the RBI Repos/Reverse Repo auctions held on February 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) 1 4000 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 4000 7.50 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 February 27, 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 11.00 a.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings955811756021314Lendings71903822306814080(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.847.95 (b) Range of rates5.50-8.505.50-8.902 Term Money Market*Volume(Turnover)Range of Rates15818.60-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 6973at Bank Rate4. Liquidity Adju

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES29/01/2001586841122130118561,3331113711811230/01/2001419991612716167291,2661014191521931/01/2001396113120915227351,3391043841191501/02/20012948771730126201,29960511109902/02/200131610834311855651,579664127012SALES29/01/2001585329381123228411,101913761841330/01/200131431757302014810

--------------------------------------------------------------------------- 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 20, 2001 11.55 % 2001 2.00 100.94 8.8198 11.40 % 2008 5.00 107.87 9.8918 11.40 % 2008 5.00 107.99 9.8699 11.40 % 2008 25.00 108.00 9.8681 12

The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.100 crore. The auction will be conducted using 'Uniform Price Auction' method. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government of India

The Reserve Bank of India has announced the auction of 182 day Government of India treasury bills for a notified amount of Rs.100 crore. State Governments are allowed to participate as non-competitive bidders and the allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government

The Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. The allocation to non-competitive bidders will be outside the notified amount, at the discretion of the Bank. The sale will be subject to terms and conditions specified in the General Notification No.F.2(12)-W&M/97 dated 31 March 1998 issued by Government of India.Tenders should be submitted in the prescribed form on Friday, March