--------------------------------------------------------------------------- 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 : April 11, 2001 78004 6.50 % 2001 20.00 99.42 9.1124 98013 11.55 % 2001 5.00 100.515 9.0413 98013 11.55 % 2001 5.00 100.515 9.0413 97009 10.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings140798307022386Lendings106891456490317048(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.087.10 (b) Range of rates6.00-10.006.80-9.002 Term Money Market*Volume(Turnover)Range of Rates25568.20-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 4448at Bank Rate4. Liquidity Ad

Government of India have announced sale (re-issue) by auction of "11.40 percent Government Stock, 2008" for an aggregate amount of Rs 4,000 crore (nominal). The auction will be price based and will be conducted by the Reserve Bank of India (RBI) at Mumbai on Wednesday, April 18, 2001. Bids in the prescribed form obtainable from the Regional Director, RBI, Public Debt Office, Fort, Mumbai should be submitted to that Office on April 18, 2001 during the banking hours. On

April 16, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.96 on 16.04.2001. 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 YEN 12April, 200146.890067.355141.614938.080016 April, 200146.960067.446341.735737.7100Note : The reference rate is based on 12 noon rates of a few select banks i

The results of the RBI Repos/Reverse Repo auctions held on April 16, 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) 5 13,715 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 5 13,715 7.00 Nil 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 April 17, 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.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 : April 10, 2001 94009 11.75 % 2001 10.00 100.95 9.0493 97011 11.15 % 2002 25.00 102.86 8.9036 97011 11.15 % 2002 1.50 102.77 8.9723 94003 12

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings155209025024545Lendings122381934491819090(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.107.08 (b) Range of rates6.50-7.806.90-7.802 Term Money Market*Volume(Turnover)Range of Rates17706.00-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 4588at Bank Rate4. Liquidity Adj

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES19/03/2001386667514926081,039103401823120/03/200140780621620105901,384120343156821/03/2001361593314481571086815347559922/03/20013341721194675941,2831664081851323/03/2001341523478763697215339789327/03/20015821021381330137801,6231563471251028/03/20016181291282631118961,73588522250262

The results of the auction of 10.95 per cent Government Stock, 2011 held on April 12, 2001 are : Auction Results I.Notified amount: Rs.4000.00 crore II.Bids received (i) Number:289 (ii) Amount:Rs. 13772.675 crore III.Cut-off Price (per cent):Rs.104.31 (YTM) (10.2517%)IV.Bids accepted (i) Number:57 (ii) Amount:Rs. 4000.00 crore V.Partial Allotment Percentage:69 (5 Bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on