The results of the RBI Repo/Reverse Repo auctions held on May 16, 2008 are: Amount (face value in Rs. crore)

  Item                   4 days Reverse Repo       4 days Repo Auction

                           Auction (Sale of              (Purchase of securities

                           securities by RBI)            by RBI)

                           6.00% Fixed Rate            7.75% Fixed Rate

1. Bids received                                          

(i) Number                    4                             12

(ii) Amount                 1,065                      20,705

 2. Bids accepted

(i) Number                    4                             12

(ii) Amount                1,065                       20,705    

Sourced From: Reserve Bank of India