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 26, 2001 (Monday) 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 InstitutionsTotalBorrowings136288764022392Lendings94761978389615350(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.078.13 (b) Range of rates7.40-8.607.50-8.602 Term Money Market*Volume(Turnover)Range of Rates18939.50-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate o

--------------------------------------------------------------------------- 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 16, 2001 11.30 % 2010 5.00 106.35 10.2336 Contract Date : February 17, 2001 11.68 % 2006 10.00 107.68 9.7402 11.68 % 2006 5.00 107.48 9.7882

Date of Auction :February 23, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:19 Amount:Rs.189.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.99.71 IV.Competitive bids accepted Number:10 Amount:Rs.100.00 crore V.Partial Allotment Percentage:20.27 (4 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A. VIII.Weighted Average Price:99

Date of Auction :February 23, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:18 Amount:Rs.172.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.97.96 IV.Competitive bids accepted Number:8 Amount:Rs.100.00 crore V.Partial Allotment Percentage:35.00 (1 bid) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.Ajit Prasad ManagerPress Release

The Reserve Bank of India has advised that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Soffia Software Ltd. up to 40 per cent of their paid up capital through stock exchanges under the Portfolio Investment Scheme (PIS). This company has passed resolutions at its Board of Directors' Meeting and in the General Body Meeting to this effect.P.V. Sadanandan Asst. ManagerPress Release : 2000-2001/1191 Monitoring of

February 23, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.58 on 23.02.2001. 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 YEN22 February, 200146.630067.310442.258440.2223 February, 200146.580067.396642.175939.9200Note : The reference rate is based on 12 noon rates of a few select

There were no bids received for repo and reverse repo auctions today, February 23, 2001 under Liquidity Adjustment Facility.P.V. Sadanandan Asst. ManagerPress Release : 2000-2001/1189

--------------------------------------------------------------------------- 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 16, 2001 11.10 % 2003 5.00 103.00 9.5051 12.50 % 2004 5.00 107.50 9.6369 12.50 % 2004 10.00 107.48 9.6442 12.50 % 2004 5.00 107.89 9.4956 12

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes     BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings143837086021469Lendings84842126436114971(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.068.13 (b) Range of rates7.00-8.807.30-9.302 Term Money Market*Volume(Turnover)Range of Rates18189.50-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate o