RBI

<LINK='#0000ff'>The Reserve Bank of India has decided to offer 28-day fixed rate Repo at 4.50% per annum in Government of India dated securities and Treasury bills to be held for five consecutive days , that is from October 20 to October 24, 2003.<CENTER><TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=420><TR><TD WIDTH='34%' VALIGN='TOP'>Date of Repo</TD><TD WIDTH='34%' VALIGN='TOP'>Repo period</TD><TD WIDTH='32%' VALIGN='TOP'>Date of reversal</TD></TR><TR><TD WIDTH='34%' VALIGN='TOP'>20.10.2003</TD><TD WIDTH='34%' VALIGN='TOP'>28 days</TD><TD WIDTH='32%' VALIGN='TOP'>17.11.2003</TD></TR><TR><TD WIDTH='34%' VALIGN='TOP'>21.10.2003</TD><TD WIDTH='34%' VALIGN='TOP'>28 days</TD><TD WIDTH='32%' VALIGN='TOP'>18.11.2003</TD></TR><TR><TD WIDTH='34%' VALIGN='TOP'>22.10.2003</TD><TD WIDTH='34%' VALIGN='TOP'>28 days</TD><TD WIDTH='32%' VALIGN='TOP'>19.11.2003</TD></TR><TR><TD WIDTH='34%' VALIGN='TOP'>23.10.2003</TD><TD WIDTH='34%' VALIGN='TOP'>28 days</TD><TD WIDTH='32%' VALIGN='TOP'>20.11.2003</TD></TR><TR><TD WIDTH='34%' VALIGN='TOP'>24.10.2003</TD><TD WIDTH='34%' VALIGN='TOP'>28 days</TD><TD WIDTH='32%' VALIGN='TOP'>21.11.2003</TD></TR></TABLE></CENTER> This repo will be in addition to the overnight and fortnightly variable rate repo auctions under Liquidity Adjustment Facility (L.A.F.) which will be held as usual. The eligible banks and PDs may submit their applications either physically (format available on RBI website <A HREF='/scripts/home.aspx'>www.rbi.org.in</A>) or electronically through NDS by 10.30 a.m. on the above days (from October 20 to October 24, 2003). The offers would be accepted fully or partially, at the discretion of the Reserve Bank of India. Payments by applicants will be on the day of submission of their repo bid up to 2.30 p.m. P. V. Sadanandan ManagerPress Release : 2003-2004/520

28- Day Fixed Rate Repo from October 20 to October 24, 2003