Date of Auction :January 07,2004
I.	Notified amount			:	1000.00 crore
II.	Competitive Bids received
	(i)		Number	:	32
	(ii)		Amount	:	1350.00 crore
III.	Cut-off price			:	95.81
IV.	Competitive bids accepted
	(i)		Number	:	24
	(ii)		Amount	:	1000.00 crore
V.	Partial Allotment Percentage of Comp. Bids			:	N.A.
VI.	Weighted Average Price			:	95.87
VII.	Non-competitive bids received
	(i)		Number	:	1
	(ii)		Amount	:	2.50 crore
VIII.	Non-competitive bids accepted
	(i)	Number		:	1
	(ii)	Amount		:	2.50 crore
	(iii)	Partial Allotment Percentage		:	100.00
IX.	Devolvement on RBI			:	Nil

Ajith Prasad
Manager

Press Release : 2003-2004/836