--------------------------------------------------------------------------- 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 23, 2001 94009 11.75 % 2001 5.85 100.37 7.3202 98004 11.10 % 2003 10.00 105.68 7.4754 94003 12.50 % 2004 20.00 111.57 7.6132 94003 12.

Date of Auction :July 25, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:23 Amount:Rs.467.50 crore (b) Non-competitive bids Number:1 Amount:Rs.200.00 crore III.Cut-off price:Rs.98.26 IV.Competitive bids accepted Number:12 Amount:Rs.250.00 crore V.Partial Allotment Percentage:N.A. VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.200.00 crore (b)Partial Allotment Percentage:N.A.Ajit Prasad ManagerPr

The results of the auction of 9.39 per cent Government Stock, 2011 held on July 25, 2001 are : Auction Results I.Notified amount: Rs.5000.00 crore II.Bids received (i) Number:251 (ii) Amount:Rs.8066.50 crore III.Cut-off price (per cent):Rs.101.11 (YTM) (9.2151%) IV.Bids accepted (i) Number:167 (ii) Amount:Rs.5000.00 crore V.Partial Allotment Percentage:39.84 (13 Bids) VI.Devolvement on Primary Dealers:Nil (in fulfillment of underwriting commitment) VII.Devolvement on

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14666.008201.00 22867.00Lendings14037.002600.004299.9220936.92(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.057.05 (b) Range of rates6.07- 7.506.46- 7.502 Term Money Market*Volume(Turnover)Range of RatesBorrowings4.006.50- 6.50Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstan

Date of Auction :July 25, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:54 Amount:Rs.2000.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.93.13 IV.Competitive bids accepted Number:22 Amount:Rs.750.00 crore V.Partial Allotment Percentage:72.94 (9 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:93.14

July 25, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.13 on 25.07.2001. 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 YEN24 July, 200147.130066.938741.083237.9625 July, 200147.130066.985941.177537.9100Note : The reference rate is based on 12 noon rates of a few select banks in Mum

There were no bids received for repo and reverse repo auctions today under Liquidity Adjustment Facility.P.V.Sadanandan Asst. ManagerPress Release: 2001-2002/100

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 July 26, 2001 (Thursday) 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.

The Reserve Bank of India has cut-off the underwriting commission for Primary Dealers for the Price Based Auction of 9.39% Government Stock, 2011 at five paise. The auction will be held on July 25, 2001.Ajit Prasad ManagerPress Release: 2001-2002/98

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13882.007192.00 21074.00Lendings13282.002123.003728.3619133.36(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.946.95 (b) Range of rates6.00- 7.256.45- 7.852 Term Money Market*Volume(Turnover)Range of RatesBorrowings32.008.00- 11.00Lendings2.0011.00- 11.003. Standing Liquidity Facility Availed from RBI $