The results of the RBI Repo/Reverse Repo auctions held on April 5, 2011 are:

The Reserve Bank of India, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS), imposed a monetary penalty of `5.00 lakh (Rupees five  lakh only) on The Mehsana Urban Co-operative Bank Ltd., Mehsana (Gujarat) The penalty was imposed for violation of Reserve Bank instructions on membership of co-operative societies, conduct of non-banking business, use of work "Bank" in the name of another institution and share linking norms.

 It has come to the notice of the Reserve Bank of India that mail has been sent in its name "inviting bank customers to update their bank account details against online phishing".

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.45 and the Reference Rate for Euro is ` 63.01 on April 5, 2011. The corresponding rates for the previous day (March 31, 2011) were ` 44.65 and ` 63.24 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: