June 21, 2001 The Reserve Bank of India closed the Open Market Operations window today after the stock was oversubscribed . It had offered 11.03 per cent, 2012 stock for sale under its Open Market Operations window today. The Reserve Bank stated that applicants up to Rs.20 crore were given full allotment and those above Rs.20 crore were given partial allotment with a minimum allotted amount of Rs.20 crore. The overall allotment percentage was 53.80 per cent.Alpana Kil

The results of the RBI Repo/Reverse Repo auctions held on June 21, 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 4600 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 4600 6.50 NA NA NA3. Weighted average Cut-off Rate (per c

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 June 22, 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.

--------------------------------------------------------------------------- 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 : June 14, 2001 98011 11.75 % 2004 10.00 107.70 8.7853 Contract Date : June 18, 2001 97004 12.69 % 2002 5.00 103.70 8.2878 97004 12.69 % 2002

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings15505.0010473.50 25978.50Lendings16583.003666.004591.5424840.54(ii) Interest RatesBorrowingsLendings (a)Weighted average rate7.627.64 (b) Range of rates6.50-8.005.64-8.352 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings5.009.15-9.153. Standing Liquidity Facility Availed from RBI $ Amount (outstandi

Date of Auction :June 20, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:27 Amount:Rs.570.00 crore (b) Non-competitive bids Number:1 Amount:Rs.75.00 crore III.Cut-off price:Rs.98.25 IV.Competitive bids accepted Number:13 Amount:Rs.250.00 crore V.Partial Allotment Percentage:36.36 (3 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.75.00 crore (b)Partial Allotment Percentage:N.A.Ajit Prasad A

The Reserve Bank of India will offer for sale through its Open Market Operations window, "11.03% Government Stock, 2012 (re-issue)" with effect from June 21, 2001. The sale will be at Rs.108.85 per Rs.100.00 (nominal). The Stock was re-issued by the Government of India and was privately placed with the Reserve Bank at the same price on June 20, 2001. The private placement was done for a notified amount of Rs.4,000 crore (nominal).Alpana Killawala General ManagerPress

June 20, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.46.96 on 20.06.2001. 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 YEN19 June, 2001 46.970065.847240.340237.9920 June, 2001 46.960065.624340.082738.2300Note : The reference rate is based on 12 noon rates of a few select banks in M

The results of the RBI Repo/Reverse Repo auctions held on June 20, 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) 1 2500 Nil NA2. Applications accepted for one day repo period: (i) Number (ii) Amount (Face Value in Rs.crore) (iii) Cut-off Rate (per cent) 1 2500 6.50 NA NA NA3. Weighted average Cut-off Rate (per c

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 June 21, 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 10.30 a.m.