The Government of India have announced the sale (re-issue) of (i) “8.07 percent Government Stock 2017” for a notified amount of `4,000 crore (nominal), (ii) “8.08 percent Government Stock 2022” for a notified amount of `5,000 crore (nominal) and (iii) “8.28 percent Government Stock 2027” for a notified amount of `3,000 crore (nominal) through price based auctions. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on July 22, 2011 (Friday).

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.5743 and the Reference Rate for Euro is ` 62.5955 on July 18, 2011. The corresponding rates for the previous day (July 15, 2011) were ` 44.5262 and ` 62.9779 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: