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(Amount in Rupees crore and rate in per cent per annum)3. Standing Liquidity Facility Availed from RBI Amount (Outstanding)Rate of InterestNormal 0.98 at Bank RateBack-Stop 0.00

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

4. Liquidity Adjustment Facility Amount AcceptedRateRepo 1 Day 26995.00 4.50Amount Outstanding 26995.00 14-Day 0.00 Amount Outstanding 6965.00 Reverse Repo 1 Day 0.00 Amount Outstanding 0.00 * Data covers 90-95 per cent of total transactions reported by participants.

December 31,2003The Reserve Bank of India’s Reference Rate for the US dollar is Rs.45.6100 and the Reference Rate for Euro is Rs.57.3100 on December 31,2003. The corresponding rates for the previous day (December 30,2003) were Rs.45.6400 and Rs.57.0200 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 December 30

4. Liquidity Adjustment Facility Amount Accepted Rate Repo 1 Day 29595.00 4.50 Amount Outstanding 29595.00 14-Day 0.00 Amount Outstanding 6965.00 Reverse Repo 1 Day 0.00 Amount Outstanding 0.00 * Data

(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 3160.52 8659.00 11819.52 Lendings 5717.75 40.00 3704.89 9462.64 (ii) Interest Rates Borrowings Lendings (a)Weighted average rate 4.46 4.47 (b) Range of rates 3.75- 4.50 3.97- 4.60* Data covers 90-95 per cent of total transactions reported by participants.

The results of the RBI repos/reverse repo auctions held on December 31,2003 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) 4626995 N.A.N.A. 2.Applications accepted for one day repo period: (i) Number (ii) Amount (Face value in Rs. crore) (iii)Cut-off Rate (per cent) 46269954.50 N.A.N.A.N.A. 3.Weighted average Cut-of

(Amount in Rupees crore and rate in per cent per annum)2. Term Money Market*Volume(Turnover)Range of RatesBorrowings 108.00 4.60- 5.25Lendings 115.00 4.50- 6.00* Data covers 90-95 per cent of total transactions reported by participants.

(Amount in Rupees crore and rate in per cent per annum)3. Standing Liquidity Facility Availed from RBI Amount (Outstanding)Rate of InterestNormal 0.98 at Bank RateBack-Stop 0.00

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