---------------------------------------------------------------------------
   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 : November 15, 2000
 11.75 %  2006                     25.00          103.80          10.8003
 11.90 %  2007                     25.00          104.40          10.9379
 11.90 %  2007                     20.00          104.40          10.9379
 11.90 %  2007                     50.00          104.40          10.9379
 11.90 %  2007                     10.00          104.40          10.9379
 11.90 %  2007                    200.00          104.40          10.9379
 11.40 %  2008                     11.00          101.65          11.0713
 11.40 %  2008                      5.00          101.60          11.0809
 11.30 %  2010                      5.00          100.29          11.2437
 11.03 %  2012                     25.00           97.20          11.4655
     Total                        376.00

B. State Government Securities
                                           NIL

C. Treasury Bills
   (i) 14 Day Bills (Maturity-wise)
       (DD/MM/YYYY)
          Contract Date : November 15, 2000
        27/11/2000                 15.00           99.6886         9.4753
     Total                         15.00
   (ii) 91 Day Bills (Maturity-wise)
       (DD/MM/YYYY)
                                           NIL
   (iii) 182 Day Bills (Maturity-wise)
       (DD/MM/YYYY)
                                           NIL
   (iv) 364 Day Bills (Maturity-wise)
       (DD/MM/YYYY)
                                           NIL

II.  REPO Transactions *
    (Other than with RBI)
---------------------------------------------------------------------------
   Nomenclature                    Amount      Price *   Repo Rate   Repo
                                 (Face Value) Per Rs.100   (%pa)    Period
                                 (in Rs.Crore) Nominal              (Days)
       (1)                          (2)          (3)        (4)      (5)
---------------------------------------------------------------------------
A. Government of India Dated Securities
                                           NIL
B. Treasury Bills
   (i) 14 Day Bills (Maturity-wise)
      (DD/MM/YYYY)
                                           NIL
   (ii) 91 Day Bills (Maturity-wise)
      (DD/MM/YYYY)
                                           NIL
   (iii) 182 Day Bills (Maturity-wise)
      (DD/MM/YYYY)
                                           NIL
   (iv) 364 Day Bills (Maturity-wise)
       (DD/MM/YYYY)
        30/11/2000                 15.00       99.5948     11.25       7
     Total                         15.00

  * Relate to the first leg of Repos
  # YTM(indicative) will depend upon assumed rate of inflation
Date :  15 November 2000