---------------------------------------------------------------------------
   Nomenclature                  Amount           Price *        YTM %
                                 (Face Value)     Per Rs.100   Indicative
                                 (in Rs.Crore)    nominal
---------------------------------------------------------------------------

I.  Outright Transactions
A. Government of India Dated Securities
          Contract Date : July 11, 2000
 11.99 %  2009                     10.00          106.43          10.8266
          Contract Date : July 12, 2000
 11.99 %  2009                      5.00          106.47          10.8195
          Contract Date : July 13, 2000
 11.15 %  2002                     50.00          102.80           9.6527
     Total                         65.00

B. State Government Securities
                                           NIL

C. Treasury Bills                          NIL

---------------------------------------------------------------------------
   Nomenclature                    Amount      Price *   Repo Rate   Repo
                                 (Face Value) Per Rs.100   (%pa)    Period
                                 (in Rs.Crore) Nominal              (Days)
       (1)                          (2)          (3)        (4)      (5)
---------------------------------------------------------------------------
                                           NIL
--------------------------------------------------------------------------

  * Relate to the first leg of Repos
  # YTM(indicative) will depend upon assumed rate of inflation
Date :  13 July 2000