June 28, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.01 on 28.06.2001. 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 YEN27 June, 2001 47.010066.622640.600237.8028 June, 2001 47.010066.577940.353437.6800Note : The reference rate is based on 12 noon rates of a few select banks in M

The Reserve Bank of India has announced that the cut-off rate for underwriting by Primary Dealers for the Yield Based auction of 10-Year Government Stock and priced based auction of 10.45% Government Stock, 2018 to be held on June 29, 2001 was 1.00 paise for both.N.L. Rao Asst. ManagerPress Release : 2000-01/1744

There were no bids received for repo and reverse repo auctions today under Liquidity Adjustment Facility.P.V. Sadanandan Asst. ManagerPress Release : 2000-01/1740

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 June 29, 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.

--------------------------------------------------------------------------- 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 : June 22, 2001 00014 11.30 % 2010 5.00 110.90 9.4820 00017 11.50 % 2011 5.00 112.13 9.6278 Contract Date : June 23, 2001 00016 11.40 % 2008

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14482.0011895.00 26377.00Lendings16797.002762.004186.7623745.76(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.987.18 (b) Range of rates5.50-7.255.00-7.902 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings129.007.75-9.703. Standing Liquidity Facility Availed from RBI $ Amount (outstan

RBI today announced Asset-Liability Management (ALM) guidelines for non-banking financial companies (NBFCs) as a part of the overall system for effective risk management in their various portfolios. The ALM system should be put in place by such NBFCs which have asset size of Rs. 100 crore and above or public deposits of Rs. 20 crore and above as per their balance sheet as on March 31, 2001. Reserve Bank has advised the companies that it would be desirable to constitut

The Reserve Bank of India on June 27, 2001 has notified that Nexus Software Ltd. has reached the limit of 8% of its paid-up equity capital. No further purchases of shares of Nexus Software Ltd. should, therefore, be made in the secondary market on behalf of non-resident Indians (NRIs)/overseas corporate bodies (OCBs) and persons of Indian Origin (PIOs).P.V. Sadanandan Asstt. ManagerPress Release : 2000-01/1735 Monitoring of Investments in CompaniesFII InvestmentNRIs/O

Date of Auction :June 27, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:63 Amount:Rs.1996.25 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.92.86 IV.Competitive bids accepted Number:22 Amount:Rs.750.00 crore V.Partial Allotment Percentage:62.93 (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:92.88

Date of Auction :June 27, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:23 Amount:Rs.512.50 crore (b) Non-competitive bids Number:3 Amount:Rs.400.00 crore III.Cut-off price:Rs.98.26 IV.Competitive bids accepted Number:14 Amount:Rs.250.00 crore V.Partial Allotment Percentage:27.78 (3 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:3 Amount:Rs.400.00 crore (b)Partial Allotment Percentage:N.A.N.L. Rao As