August 16, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.12 on 16.08.2001. 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 : Date CURRENCY 1 USD1 GBP1 EURO100 YEN14 August, 200147.120066.959942.339738.3716 August, 200147.120068.034243.147839.3200Note : The reference rate is based on 12 noon rates of a few select banks

There were no bids received for Repo and Reverse Repo auctions today (16.08.2001) under Liquidity Adjustment Facility.

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 17, 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 InstitutionsTotalBorrowings15578.0011098.00 26676.00Lendings16069.002312.005606.3023987.30(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.926.99 (b) Range of rates3.90- 7.254.97- 7.902 Term Money Market*Volume(Turnover)Range of RatesBorrowings500.007.35- 7.35Lendings500.007.35- 7.353. Standing Liquidity Facility Availed from RBI

--------------------------------------------------------------------------- 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 : August 09, 2001 95006 14.00 % 2005 22.2775 118.60 8.2305 97010 11.19 % 2005 25.00 111.85 7.6976 97010 11.19 % 2005 9.491 111.70 7.7388 9701

Date of Auction :August 14, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:26 Amount:Rs.612.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.98.31 IV.Competitive bids accepted Number:12 Amount:Rs.250.00 crore V.Partial Allotment Percentage:28.21 (5 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:N.A.N.L. Rao Asst. ManagerPress Relea

August 14, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.12 on 14.08.2001. 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 YEN13 August, 200147.120067.157842.172438.3014 August, 200147.120066.959942.339738.3700Note : The reference rate is based on 12 noon rates of a few select banks

The results of the RBI Repo/Reverse Repo auctions held on August 14, 2001 are : Item Repo Auction (Sale of securities by RBI) Reverse Repo Auction (Purchase of securities by RBI) 1. Applications received for two day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 1 5 Nil NA 2. Applications accepted for two day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) Nil NA NA NA 3. 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 August 16, 2001 (Thursday) 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

--------------------------------------------------------------------------- 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 : August 10, 2001 01005 9.81 % 2013 0.30 102.32 9.5853 Contract Date : August 11, 1901 00015 11.43 % 2015 10.00 111.88 10.2130 Contract Date