There were no bids received for Repo and Reverse Repo auctions today (06.09.2001) under Liquidity Adjustment Facility.

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 September 7, 2001 (Friday) for scheduled commercial banks and Primary Dealers holding SGLAccount and Current Account with it at Mumbai. The eligible banks/institutions may submit separate applications before 10.30 a

(Amount in Rupees crore andrate in per cent per annum)1. Call/Notice Money Market* (i) Volumes     BanksPrimary DealersNon-Bank InstitutionsTotalBorrowings15933.009903.00 25836.00Lendings17387.002199.004878.4324464.43(ii) Interest RatesBorrowingsLendings (a)Weighted average rate6.856.86 (b) Range of rates5.85- 7.006.00- 7.152 Term Money Market*Volume(Turnover)Range of RatesBorrowings -Lendings -3. Standing Liquidity Fa

Date of Auction :September 5, 2001I.Notified amount: Rs.750.00 crore II.Bids received (a) Competitive bids Number:47 Amount:Rs.2207.50 crore (b) Non-competitive bids Number:0 Amount:Nil III.Cut-off price:Rs.93.37 IV.Competitive bids accepted Number:22 Amount:Rs.750.00 crore V.Partial Allotment Percentage:72.73 (6 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:9

--------------------------------------------------------------------------- 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 : September 01, 2001 00016 11.40 % 2008 5.00 116.15 8.3107 00016 11.40 % 2008 5.00 116.15 8.3107 00012 11.03 % 2012 5.00 111.70 9.2946 01003

The Reserve Bank of India on September 5, 2001 has notified that non-resident Indians (NRIs), overseas corporate bodies (OCBs) can now purchase equity shares and convertible debentures of CRISIL up to 24 per cent of its paid up capital through stock exchanges under the portfolio investment scheme (PIS), as the company has passed a resolution at its General Body Meeting to this effect.P.V. Sadanandan Asst. ManagerPress Release : 2001-02/282 Monitoring of Investments in

Date of Auction :September 5, 2001I.Notified amount: Rs.250.00 crore II.Bids received (a) Competitive bids Number:23 Amount:Rs.755.00 crore (b) Non-competitive bids Number:1 Amount:Rs.150.00 crore III.Cut-off price:Rs.98.32 IV.Competitive bids accepted Number:12 Amount:Rs.250.00 crore V.Partial Allotment Percentage:43.33 (7 bids) VI .Devolvement on RBI:Nil VII.Non-competitive bids accepted (a) Number:1 Amount:Rs.150.00 crore (b)Partial Allotment Percentage:N.A.P.V. Sa

The Reserve Bank of India has notified on September 5, 2001 that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of the following companies up to 40/49 per cent of their paid up capital through primary and secondary markets in India :1. SSI Ltd.- 40%2.CRISIL- 49%3.Global Tele-systems Ltd.- 49%4. Reliance Industries Ltd.- 49%5.Reliance Petroleum Ltd.- 49%These companies have has passed special resolutions at its Board of

September 5, 2001The Reserve Bank of India’s Reference Rate for the US dollar is Rs.47.16 on 05.09.2001. 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 YEN04 September, 200147.160068.283042.455839.670005 September, 200147.160068.120341.875739.4100Note : The reference rate is based on 12 noon rates of a few sel

There were no bids received for repo and reverse repo auctions today under Liquidity Adjustment Facility.P.V. Sadanandan Asst. ManagerPress Release : 2001-2002/279