The Reserve Bank of India, in exercise of the powers conferred on it under Section 45 IA of the Reserve Bank of India Act, 1934, has rejected on June 29, 2001 the application for certificate of registration submitted by M/s. Apollo Tradelink Pvt. Ltd., P-27, Princep Street, 3rd Floor, Kolkata-700 007.As such, the above company cannot transact the business of a non-banking financial institution as defined in Clause (a) of Section 45 IA of the Reserve Bank of India Act,

There were no bids received for repo and reverse repo auctions today under Liquidity Adjustment Facility.P.V. Sadanandan Asst. ManagerPress Release : 2001-02/71

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 19, 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.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings13379.008640.00 22019.00Lendings12961.002225.006079.4221265.42(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.577.68 (b) Range of rates5.48- 8.105.60- 8.102 Term Money Market*Volume(Turnover)Range of RatesBorrowings415.008.00- 8.25Lendings420.008.00- 8.003. 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 : July 13, 2001 94003 12.50 % 2004 5.00 111.03 7.8656 99008 11.68 % 2006 5.00 113.44 8.1947 00016 11.40 % 2008 5.00 114.50 8.6310 00016 11.40

July 17, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.14 on 17.07.2001. 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 YEN16 July, 200147.160065.962740.335937.7517 July, 200147.140065.767440.052537.5600Note : The reference rate is based on 12 noon rates of a few select banks in Mum

The results of the RBI Repo/Reverse Repo auctions held on July 17, 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) Nil NA 1 102. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) NA NA NA 1 10 8.503. 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 July 18, 2001 (Wednesday) 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 InstitutionsTotalBorrowings8550.002710.00 11260.00Lendings7655.001705.003171.3512531.35(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.407.40 (b) Range of rates6.43- 10.006.95- 7.702 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings25.009.25- 9.253. Standing Liquidity Facility Availed from RBI $ Amount (outstan

--------------------------------------------------------------------------- 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 11, 2001 00007 9.90 % 2005 5.00 106.74 7.7999 00017 11.50 % 2011 10.00 114.30 9.3159 Contract Date : July 12, 2001 97011 11.15 % 2002