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 July 13, 2001 (Friday) 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 decided to offer 12.59% Government Stock 2004 from its investment portfolio for sale through auction on July 12, 2001, for an aggregate amount of Rs.5000 crore.Application forms may be obtained from Internal Debt Management Cell, Reserve Bank of India, 16th Floor, Central Office Building, Mumbai or from Public Debt Office, Reserve Bank of India, Mumbai Office. The bids should be tendered on July 12, 2001 up to 2.30 p.m. On the basis of th

Date of Auction :July 11, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.481.25 crore (b) Non-competitive bids Number:2 Amount:Rs.400.00 crore III.Cut-off price:Rs.98.27 IV.Competitive bids accepted Number:14 Amount:Rs.250.00 crore V.Partial Allotment Percentage:76.00 (4 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:2 Amount:Rs.400.00 crore (b)Partial Allotment Percentage:N.A.Ajit Prasad

Date of Auction :July 11, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:67 Amount:Rs.2440.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.93.15 IV.Competitive bids accepted Number:12 Amount:Rs.750.00 crore V.Partial Allotment Percentage:93.94 (5 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:93.17

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings12229.0010903.00 23132.00Lendings14544.002565.004947.6322056.63(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.856.88 (b) Range of rates4.90- 7.354.92- 7.752 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Facility Availed from RBI $ Amount (outstanding)Rate o

--------------------------------------------------------------------------- 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 07, 2001 00014 11.30 % 2010 20.00 112.80 9.1858 00017 11.50 % 2011 5.00 113.842 9.3811 00017 11.50 % 2011 5.00 113.842 9.3811 00012 11

July 11, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.16 on 11.07.2001. 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 YEN10 July, 200147.160066.446140.121437.5011 July, 200147.160066.502740.300637.5200Note : 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 11, 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) 2 5,600 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 2 5,600 6.50 NA NA NA3. Weighted average Cut-off Rate (per

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings10007.0010129.00 20136.00Lendings15156.001077.004487.6320720.63(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.876.88 (b) Range of rates5.90-7.206.34-7.202 Term Money Market*Volume(Turnover)Range of RatesBorrowings500.007.75-7.75Lendings700.007.75-11.003. Standing Liquidity Facility Availed from RBI $ A

--------------------------------------------------------------------------- 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 06, 2001 97009 10.85 % 2001 10.00 100.18 7.7856 97011 11.15 % 2002 20.00 103.75 7.6686 94003 12.50 % 2004 5.00 111.26 7.8038 00016 11.