(Amount in Rupees crore andrate in per cent per annum)1. Call/Notice Money Market* (i) Volumes     BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings5466.002567.00 8033.00Lendings5622.001078.002328.009028.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.057.07 (b) Range of rates6.25-8.506.50-7.652 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility

--------------------------------------------------------------------------- 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 : May 24, 2001 00016 11.40 % 2008 10.00 109.58 9.5366 01001 10.47 % 2015 10.00 101.93 10.2012 Contract Date : May 25, 2001 98013 11.55 % 2001

RBI has announced that the cut-off rate for underwriting by Primary Dealers for the Yield Based Auctions of 12 Year Govt. Stock and 20 Year Govt. Stock to be held on May 29, 2001 was 1.00 paise and 2.00 paise respectively.

May 28, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.94 on 28.05.2001. 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 YEN25 May, 200146.950066.286440.412238.9628 May, 200146.940066.746340.370738.7700Note : The reference rate is based on 12 noon rates of a few select banks in Mumbai

The results of the RBI Repo/Reverse Repo auctions held on May 28, 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 7005 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 5 6.50 NA NA NA3. Weighted average Cut-off Rate (per cent)

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 May 29, 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 10.30 a.m. o

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13162.008311.00 21473.00Lendings14054.001328.004619.0020001.00(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.117.12 (b) Range of rates6.25-7.756.50-7.702 Term Money Market*Volume(Turnover)Range of RatesBorrowings30.008.25-8.25Lendings2.0010.25- 10.253. Standing Liquidity Facility Availed from RBI $ Amo

--------------------------------------------------------------------------- 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 : May 23, 2001 00011 10.20 % 2005 5.00 103.85 9.0567 99004 12.29 % 2010 15.00 111.50 10.2519 00010 10.95 % 2011 10.00 106.64 9.8898 00017 11.

The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.250 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 364 day Government of India treasury bills for a notified amount of Rs.750 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