Date of Auction :January 5, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:19 Amount:Rs.227.00 crore (b) Non-competitive bids Number:0 Amount:NA III.Cut-off price:Rs.99.69 IV.Competitive bids accepted Number:6 Amount:Rs.100.00 crore V.Partial Allotment Percentage:33.33 (3 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:99.74N

Date of Auction :January 5, 2001I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:17 Amount:Rs.169.50 crore (b) Non-competitive bids Number:1 Amount:Rs.50.00 crore III.Cut-off price:Rs.97.86 IV.Competitive bids accepted Number:9 Amount:Rs.100.00 crore V.Partial Allotment Percentage:80.00 (1 bid) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.50.00 crore (b)Partial Allotment Percentage:N.A.N.L. Rao Asst

--------------------------------------------------------------------------- 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 : December 30, 2000 12.50 % 2004 10.00 106.07 10.2318 12.50 % 2004 10.00 106.07 10.2318 Contract Date : January 01, 2001 12.50 % 2004 10.00 106.15 10.2

--------------------------------------------------------------------------- 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 : December 29, 2000 12.50 % 2004 10.00 106.05 10.2405 12.50 % 2004 5.00 106.04 10.2441 11.00 % 2006 10.00 102.00 10.5126 11.00 % 2006 5.00 102.05 10.50

Date of Auction : January 3, 2001 I.Notified amount: Rs.100.00 crore II.Bids received (a) Competitive bids Number:21 Amount:Rs.232.00 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.95.53 IV.Competitive bids accepted Number:5 Amount:Rs.100.00 crore V.Partial Allotment Percentage:71.43 (2 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:0 Amount:Nil (b)Partial Allotment Percentage:NA VIII.Weighted Average Price:95.55

--------------------------------------------------------------------------- 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 : December 27, 2000 11.15 % 2002 5.00 101.49 10.1410 Contract Date : December 29, 2000 13.82 % 2002 0.50 105.00 10.5365 12.50 % 2004 5.00 106.06 10.237

--------------------------------------------------------------------------- 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 : December 27, 2000 13.75 % 2001 5.00 101.46 9.9756 5.75 % 2002 0.06135 93.50 10.3935 11.68 % 2002 0.05 102.75 9.7746 11.15 % 2002 1.00 101.42 10.1868

--------------------------------------------------------------------------- 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 : December 26, 2000 10.85 % 2001 0.955 100.52 9.8885 5.75 % 2002 0.06135 93.00 10.7599 11.10 % 2003 0.802 101.79 10.1837 6.50 % 2003 0.07 91.00 10.5664

The Reserve Bank of India has announced the auction of 14 day Government of India treasury bills for a notified amount of Rs.100 crore. 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.Tenders should be submitted in the prescribed form on Friday, Janua

The Reserve Bank of India has announced the auction of 91 day Government of India treasury bills for a notified amount of Rs.100 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