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(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes Banks Primary Dealers Non-Bank Institutions Total Borrowings 4526.31 8118.00 12644.31 Lendings 7686.25 29.00 3097.65 10812.90 (ii) Interest Rates Borrowings Lendings (a)Weighted average rate 4.46 4.47 (b) Range of rates 3.85- 4.60 3.98- 4.60* Data covers 90-95 per cent of total transactions reported by participants.

2. Term Money Market* Volume(Turnover) Range of Rates Borrowings - Lendings 64.00 4.50 - 5.25* Data covers 90-95 per cent of total transactions reported by participants.

January 09,2004The Reserve Bank of India’s Reference Rate for the US dollar is Rs.45.5000 and the Reference Rate for Euro is Rs.57.9500 on January 09,2004. The corresponding rates for the previous day (January 08,2004) were Rs.45.5400 and Rs.57.3600 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN January 08,200

4. Liquidity Adjustment Facility Amount Accepted Rate Repo 1 Day 40080.00 4.50 Amount Outstanding 40080.00 14-Day 0.00 Amount Outstanding 6965.00 Reverse Repo 1 Day 0.00 Amount Outstanding 0.00 * Data c

The results of the RBI repos/reverse repo auctions held on January 08,2004 are: Items 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) 5132330 NilN.A. 2.Applications accepted for one day repo period: (i) Number (ii) Amount (Face value in Rs. crore) (iii)Cut-off Rate (per cent) 51323304.50 N.A.N.A.N.A. 3.Weighted average Cut-off

(Amount in Rupees crore and rate in per cent per annum)5. RBI's OMO net sales(-)/purchases(+)0.00

(Amount in Rupees crore and rate in per cent per annum)3. Standing Liquidity Facility Availed from RBI Amount (Outstanding)Rate of InterestNormal 10.00 at Bank RateBack-Stop 0.00

2. Term Money Market* Volume(Turnover) Range of Rates Borrowings 165.00 4.55- 5.25 Lendings 445.00 4.45- 5.30* Data covers 90-95 per cent of total transactions reported by participants.

January 08,2004The Reserve Bank of India’s Reference Rate for the US dollar is Rs.45.5400 and the Reference Rate for Euro is Rs.57.3600 on January 08,2004. The corresponding rates for the previous day (January 07,2004) were Rs.45.6300 and Rs.58.0700 respectively. Based on the Reference Rate for US dollar and middle rates of the cross currency quotes at 12 noon, the exchange rates of GBP and Japanese Yen against the rupee are: Date Currency 1 GBP 100 YEN January 07,200

(Amount in Rupees crore and rate in per cent per annum)1. Call/Notice Money Market* (i) Volumes Lendings BanksPrimary DealersNon-Bank InstitutionsTotal Borrowings 2334.44 6957.00 9291.44 4869.50 21.00 3113.80 8004.30 (ii) Interest RatesBorrowings Lendings (a)Weighted average rate 4.45 4.47 (b) Range of rates 3.75- 4.60 3.97- 4.60* Data covers 90-95 per cent of total transactions reported by participants.