August 2, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.12 on 02.08.2001. 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 YEN01 August, 200147.130067.353541.514537.7702 August, 200147.120067.605441.555137.8700Note : The reference rate is based on 12 noon rates of a few select banks i

The results of the RBI Repo/Reverse Repo auctions held on August 2, 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 5005 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 5005 6.50 NA NA NA3. Weighted average Cut-off Rate (per

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 August 3, 2001 (Friday) for scheduled commercial banks and Primary Dealers holding SGLAccount and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications before 10.30 a.m.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14642.0010855.00 25497.00Lendings16626.002631.005540.9224797.92(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.877.00 (b) Range of rates5.98- 7.304.98- 8.002 Term Money Market*Volume(Turnover)Range of RatesBorrowings70.007.50- 9.50Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outst

--------------------------------------------------------------------------- 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 27, 2001 88008 11.50 % 2008 0.65 112.93 8.9232 Contract Date : July 30, 2001 93009 13.31 % 2001 10.00 101.73 7.2239 87006 11.00 % 2002

The Reserve Bank of India has cancelled the licence of The Friends' Co-operative Bank Ltd., Mumbai, Maharashtra to carry on banking business in India. The bank is precluded from transacting the business of `banking' as defined in the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) and it will not be in order for it, among other things, to accept deposits from public and allow withdrawal by cheque, draft, order or otherwise.P.V. Sadanandan Asst.

The Government of Gujarat have announced the sale of 8-year stock to the public by auction for Rs.250 crore. The auction will be conducted by Mumbai (Fort) office of the Reserve Bank of India on August 6, 2001. Tenders should be submitted in the prescribed form on Monday, August 6, 2001 before 14.30 hrs. Results will be announced the same evening. Payment by successful bidders will be on Tuesday, August 7, 2001.Alpana Killawala General ManagerPress Release: 2001-02/13

The Reserve Bank of India on August 1, 2001 has notified that no further purchases of shares of M/s. DSQ Biotech Ltd., should be made on behalf of NRIs/OCBs/PIOs in the secondary markets. The Reserve Bank has stated that M/s. DSQ Biotech Ltd. has reached the overall limit of 10 per cent investment in its paid up equity capital by NRIs/OCBs/PIOs. P.V. Sadanandan Asst. ManagerPress Release: 2001-02/134 Monitoring of Investments in CompaniesFII InvestmentNRIs/OCBs/PIOs I

Date of Auction :August 1, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.717.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.28 IV.Competitive bids accepted Number:9 Amount:Rs.250.00 crore V.Partial Allotment Percentage:67.86 (4 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.P.V. Sadanandan Asst. ManagerPress

August 1, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.13 on 01.08.2001. 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 YEN31 July, 200147.160067.337441.293337.7601 August, 200147.130067.353541.514537.7700Note : The reference rate is based on 12 noon rates of a few select banks in