In the auctions of the securities conducted on July 14, 2011 for Additional Competitive Underwriting (ACU), the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.5278 and the Reference Rate for Euro is ` 63.1503 on July 14, 2011. The corresponding rates for the previous day (July 13, 2011) were ` 44.5880 and ` 62.3994 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

The results of the RBI Repo/Reverse Repo auctions held on July 14, 2011 are: