February 7, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.39 on 07.02.2001. 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 YEN06 February, 200146.400068.286943.469840.3207 February, 200146.390067.601843.091740.4000Note : The reference rate is based on 12 noon rates of a few select b

The Reserve Bank of India has advised that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Jyoti Structures Ltd. up to 40 per cent of their paid up capital through stock exchanges under the Portfolio Investment Scheme (PIS). This company has passed resolutions at its Board of Directors' Meeting and in the General Body Meeting to this effect.P.V. Sadanandan Asst. ManagerPress Release : 2000-2001/1128

Date of Auction : February 7, 2001 I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:62 Amount:Rs.1389.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.91.52 IV.Competitive bids accepted Number:31 Amount:Rs.750.00 crore V.Partial Allotment Percentage:53.72 (3 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:91

The results of the RBI Repos/Reverse Repo auctions held on February 7, 2001 are : Item Repo 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) 1 6000 1 50 2. Applications accepted for one day repo period (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 6000 8 NA NA NA P.V. Sadanandan Asst. Manager Press

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 February 8, 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 11.00 a.

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market*(i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings153068036023342Lendings102201609500416833(ii) Interest RatesBorrowingsLendings (a)Weighted average rate8.668.71 (b) Range of rates7.50-9.808.30-10.002 Term Money Market*Volume(Turnover)Range of Rates17539.50-12.003. Liquidity Support availed from RBI # Amount (outstanding)Rate of Interest 9769at Bank Rate4. Liquidity Ad

All Figures are in USD MillionsMerchantInterBank FCY/INRFCY/FCYFCY/INRFCY/FCYPositionSpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForwardDateCancel- ationCancel- ationPURCHASES15/01/200129572169148796662764095791016/01/20012604734711175891,09558419170417/01/200169861531622181,3661,50893435118618/01/2001361762612201166797674438941219/01/2001298543341097121,09765331713SALES15/01/200128713314814570659391433661016/01/2001230217146141456399257424173417/01/200

--------------------------------------------------------------------------- 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 : February 02, 2001 11.98 % 2004 5.00 106.44 9.8060 11.40 % 2008 10.00 106.08 10.2243 11.30 % 2010 5.00 104.96 10.4625 11.30 % 2010 5.00 104.97 10.4609

February 6, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.40 on 06.02.2001. 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 YEN05 February, 200146.410068.273843.599940.020006 February, 200146.400068.286943.469840.3200Note : The reference rate is based on 12 noon rates of a few select

The results of the RBI Repos/Reverse Repo auctions held on February 6, 2001 are : Item Repo 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 6100 2 100 2. Applications accepted for one day repo period (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 2 6100 8 NA NA NA P.V. Sadanandan Asst. Manager Press