(For the Quarter ending December 2011)

The result of the RBI Reverse Repo auction held today is as under:

It has been decided to continue with the practice of releasing indicative calendar for issuance of Government of India dated securities, enabling institutional and retail investors to plan their investment efficiently and at the same time, providing transparency and stability to the Government securities market. Keeping in view the shortfall in other financing items, it has been decided to increase the Government market borrowing through dated securities provided in the Union Budget 2011-12 by ` 52,872 crore. The market borrowing through dated securities during the second half (i.e. October-March 2011-12) would be ` 2,20,000 crore, instead of `1,67,128 crore. Accordingly, the following indicative calendar for issuance of Government of India dated securities for the second half of the fiscal year 2011-12 (October 1, 2011 to March 31, 2012) is being issued in consultation with the Government of India.

The Reserve Bank of India’s Reference Rate for the US dollar is `48.9253 and the Reference Rate for Euro is `66.6458 on September 29, 2011. The corresponding rates for the previous day (September 28, 2011) were `48.9120 and `66.4313 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: