(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13667.758060.00 21727.75Lendings15293.001496.003415.9220204.92(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.946.97 (b) Range of rates5.52- 7.154.98- 7.152 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate of

--------------------------------------------------------------------------- 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 19, 2001 97009 10.85 % 2001 5.00 100.08 7.7130 94009 11.75 % 2001 10.00 100.36 7.8788 87006 11.00 % 2002 2.60 102.95 7.1623 97011 11.1

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

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 23, 2001 (Monday) 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. on

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings14654.009641.00 24295.00Lendings15063.002606.004638.0722307.07(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.037.03 (b) Range of rates5.59- 7.455.02- 7.402 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings37.008.40- 9.503. Standing Liquidity Facility Availed from RBI $ Amount (outsta

--------------------------------------------------------------------------- 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 17, 2001 00016 11.40 % 2008 5.00 114.25 8.6721 01007 9.39 % 2011 5.00 100.30 9.3418 Contract Date : July 18, 2001 97009 10.85 % 2001 1

July 20, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.12 on 20.07.2001. 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 YEN19 July, 200147.160066.922441.140038.0620 July, 200147.120067.273241.072138.3000Note : The reference rate is based on 12 noon rates of a few select banks in Mum

The results of the auction of State Stock held on July 20, 2001 are : Auction Results I. Notified amount : Rs.190.00 crore II. Bids received (i) Number : 66 (ii) Amount : Rs. 472.2815 crore III. Cut-off Yield : 9.50 IV. Bids accepted (i) Number : 15 (ii) Amount : Rs. 190.00 crore V. Partial Allotment Percentage : 35.71 (4 Bids) VI. Devolvement on Primary Dealers : Nil (in fulfillment of underwriting commitment) VII. Total amount accepted : Rs.190.00 crore VIII. Weight

The results of the RBI Repo/Reverse Repo auctions held on July 20, 2001 are :ItemRepo Auction (Sale of securities by RBI)Reverse Repo Auction (Purchase of securities by RBI)1. Applications received for three day repo period: (i) Number (ii) Amount (Face value in Rs. crore) 1 1500 Nil NA2. Applications accepted for three day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 1500 6.50 NA NA NA3. Weighted average Cut-off Rate (p