(Rs. crore) 19981999Variation overItem Jan. 9Jan. 1Jan. 8WeekYear123456Notes in circulation1,46,0431,62,1991,67,0114,81220,968Notes issued1,46,0711,62,2291,67,0324,80320,961Notes held in Banking Department283021-9-7Deposits : Central Government5150511—State Governments11138-5-3Scheduled Commercial Banks57,54471,42271,077-34513,533Scheduled State Co-operative Banks705754736-1831Other Banks9051,0291,188159283Others4,8165,6275,594-33778Other liabilities46,76360,24762,635

Variation over As on Jan. 15, 1999WeekEnd- March 1998End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.1234567891011 Total Reserves1,29,14730,4581,35335013,2421,0911,29340221,4073,709of which : (a) Foreign Currency Assets1,16,30827,4361,35335013,8011,4611,61547821,6004,005 (b) Gold12,8083,015——-586-376——-205-298 (c) SDRs317——276-322-76122 Note : 1. Foreign currency assets expressed in US dollar terms include the

(Rs. crore) Outstanding as on Variation over Item1999 Financial year so far Jan. 1#Fortnight1997-981998-99Year 123456 Liabilities to the Banking System Demand and time deposits from banks29,3787063,3385,6968,644 Borrowings from Banks(1)10,472-8614,9663,3122,248 Other demand and time liabilities(2)59364-97-852151Liabilities to Others Aggregate deposits6,83,081@3,18758,55077,6711,18,932 (0.5)(11.6)(12.8)(21.1) Demand1,00,9931,707-132-1,52010,515 Time5,82,088@1,48058,682

(Per cent per annum) 1998 1998 1999Item / week endedJan. 9Dec. 11Dec. 18Dec. 25Jan. 1Jan. 81234567Bank Rate9.009.009.009.009.009.00I.D.B.I.113.5014.0014.0014.0014.0014.00Prime Lending Rate212.5.13.012.75-13.012.75-13.012.75-13.012.75-13.012.75-13.0Deposit Rate39.0-11.59.0-11.59.0-11.59.0-11.59.0-11.59.0-11.5Call Money Rate (Low / High)48.00/9.757.90/ 8.205.60/ 9.008.60/9.505.50/10.008.50/9.501. Medium Term Lending Rate (MTLR).2. Prime Lending Rate relates to five majo

(Rs. crore) 1998-99 1997-98 Outstanding as onVariationsOutstanding as onVariations (3) - (2) (6) - (5) Item19981999 19971998 Mar. 27Jan. 1 Mar. 28Jan. 2 1 2345671.Bank Credit3,24,0793,44,02419,9452,78,4013,00,52622,125 (6.2) (7.9) A.Food Credit12,48516,1013,6167,59711,8564,260 B.Non-Food Credit3,11,5943,27,92216,3292,70,8052,88,67017,865 (5.2) (6.6) 2.Investments33,08445,015@11,93019,41133,909+14,498 A.Commercial Paper2,0664,9522,8866525,9105,259 B.Bonds/Debentures/Pr

Foreign 1998 1999 1998 1999 Currency Jan. 16Jan. 11Jan. 12Jan. 13Jan. 14Jan. 15Jan. 16*Jan. 11Jan. 12Jan. 13Jan. 14Jan. 151234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100@ 40.360042.520042.500042.500042.520042.4700 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying40.350042.525042.500042.500042.510042.47002.47772.35182.35292.35292.35182.3546DollarSelling40.370042.535042.510042.510042.520042

(Rs. crore) Outstanding as on Variation over Item Financial year so far 19981999Fortnight1997-981998-99Year Mar. 31#Jan. 1#Amount%Amount%Amount%Amount% 1234567891011 M3 8,25,3899,25,9637100.173,04810.41,00,57412.21,51,06719.5Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,60,429-1,855-1.19,3847.115,24610.518,95813.4(ii)Demand deposits with banks1,18,4351,16,6161,7201.5-1,031-1.0-1,819-1.512,31311.8(iii)Time deposits with banks5,58,1676,45,455@1,4010.264,

(Rs. crore) Outstanding as on Variation over Item Financial year so far 19981999Week1997-981998-99Year Mar. 31#Jan. 8#Amount%Amount%Amount%Amount% 1234567891011 Reserve Money2,26,2332,47,0044,5751.911,3685.720,7709.235,65016.9 Components (i+ii+iii) (i)Currency in circulation1,50,8231,70,5724,8122.912,0558.819,74813.121,30014.3 of which : cash with banks5,641.. (ii)Bankers' deposits with RBI71,80673,001-204-0.3-420-0.71,1961.713,84723.4(iii)"Other" deposits with RBI3,6

(Rs. crore)Date of AuctionDate of IssueNotified AmountCompetitive Bids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Non-Compe- titive Bids Accepted (Face Value)Total Issue (4+5+6) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 2345678910 Apr.3, ’98Apr.4, ’98100100——10099.727.3004235 Jul.3, '98Jul.4, '98100100——10099.775.9938600 Oct.9, '98Oct.10, '98500500——50099.678

(Rs. crore)Date of AuctionDate of IssueNotified AmountCompetitive Bids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Non-Compe- titive Bids Accepted (Face Value)Total Issue (4+5+6) (Face Value)Weighte Average PriceImplicit Yield at Cut-off Price (per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 2345678910Apr.3, ’98Apr.4, ’9810010 90 2512598.207.33201,525 Jul.3, '98Jul.4, '9810020 80 5015098.207.33203,460 Oct.9, '98Oct.10, '98500382 11

(Rs. crore)Date ofDate ofNotified AmountBids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Total Issue (4+5) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (Per cent)Amount Outstan- ing as on the Date of Issue (Face Value)AuctionIssue 1 23456789Jan.14, ’98Jan.16, ’98—— — — — —17,517 @ Apr.7, ’98Apr.11, ’981006 94 100 92.61 7.979714,339 Jul.1, '98Jul.3, '98100— 100 100 92.61 7.979710,153@ Oct.7, '98Oct.9, '98400400 — 400 90.36 10.71745,

(Rs. crore)Fortnight endedTotal Amount Outstanding#Issued during the fortnight #Rate of Interest (Per cent)@1 234 Oct.10, 19977,572 6317.50 — 12.00Jan.2, 19986,876 8116.50 — 11.75Apr.10, 199814,584 6278.25 — 24.00Jul.17, 19987,287 8078.00 — 12.50Oct.9, 19986,132 7867.75 — 13.50Oct.23, 19986,214 6398.25 — 13.00 @ : Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal Amount OutstandingReported during the fortnightRate of Interest (Per cent)@ 1234Jan.15, 19985,2491,205 8.05 — 11.75 Apr.15, 19981,030338 11.75 — 18.00 Jul.15, 19983,912772 8.20 — 13.50 Oct.15, 19984,8031,101 9.50 — 13.40 Dec.15, 19985,679902 9.45 — 12.50 Dec.31, 19985,474786 9.80 — 13.50 @ : Typical effective discount rate range per annum on issues during the fortnight.

19981999Percentage Variation overItem / Week endedWeightJan. 3Nov. 7*Jan. 2#WeekMonthEndYear March 123456789ALL COMMODITIES100.00 337.8 359.4 354.8 - -0.9 5.3 5.0 Primary Articles32.30 352.6 396.7 383.9 -0.3 -2.8 10.4 8.9 (i) Fruits and Vegetables4.09 378.4 574.5 439.8 -3.6 -16.6 20.7 16.2 Fuel, Power, Light and Lubricants10.66 377.4 382.1 382.1 - - -0.5 1.2 Manufactured Products57.04 322.1 334.0 333.2 0.2 0.2 3.4 3.4 (i) Sugar, Khandsari and Gur4.06 311.9 314.0 300.5

19981999 Jan. 15Jan. 11Jan. 12Jan. 13Jan. 14Jan. 151234567 BSE SENSEX (1978-79=100)3,365.753,433.213,353.223,310.463,292.283,207.85S & P CNX NIFTY (3.11.1995=1000)989.65985.60964.45961.20954.75934.30Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.

(Rs. crore) Fortnight Ended Jul. 31, '98Aug. 14, '98Aug. 28, '98Sep. 11, '98Sep. 25, '98Oct. 9, '98Oct. 23, '981 23456781.Banks a)Borrowing9,1149,6298,4729,4859,1588,9479,287 b)Lending7,5507,2566,0245,1105,4446,2116,7022.Primary Dealers a)Borrowing4,9414,8143,1433,0383,8245,0594,892 b)Lending1,6461,5849981,2561,1951,0921,4333.Non-Bank Institutions a)Lending4,8335,6494,4754,6644,7604,4463,952

(Rs. crore) Week Ended ItemsDec. 11, '98Dec. 18, '98Dec. 25, '98Jan. 1, '99Jan. 8, '99Jan. 15, '99 1234567I. Outright Transactions a.Govt. of India Dated Securities6,5015,6842,8233,46010,5916,883b.State Goverment Securities113027139971c.14 - Day Treasury Bills10017319411614994d.91 - Day Treasury Bills1,4151,5118929031,254521e.364 - Day Treasury Bills37849513444751355II. RBI*749347202291,925837@ : Excluding Repo Transactions.* : RBI's sales and purchases include transa

(US$ Million) Merchant Inter-bank FCY/INRFCY/FCYFCY/ INR FCY/FCYPosition DateSpotForwardForward Cancel- lationSpotForwardForward Cancel- lationSpotSwapForwardSpotSwapForward 12345678910111213Purchases Jan.4, 199919164152572794524597435116212Jan.5, 1999193552628202893935205550716417Jan.6, 1999215105801191137454995515739519914Jan.7, 19992354052701188337885187599228108Jan.8, 19992558553231285844067515248222339 Sales Jan.4, 19992293551679274384787536916714Jan.5, 199921172

(Rs. crore) Week Ended Dec. 12, '98Dec. 19, '98Dec. 26, '98Jan. 2, '99Jan. 9, '99Jan. 16, '991234567 Amount11.7724.2835.312.8420.757.19 Source: National Stock Exchange of India Ltd

199819981999ItemAs on FridayJan. 16Dec. 18Dec. 25Dec. 31Jan. 8Jan. 1512345678 Standard GoldOpening4,0404,3004,2254,2104,4004,360 (Rs. per 10 grams)Closing4,0304,3004,2204,2254,3904,350 Silver (999.0 fineness)Opening8,2507,3957,3757,4907,7457,740 (Rs. per kilogram)Closing8,3457,4007,3757,5007,7457,750Note : In case Friday is a holiday, prices relate to the preceding working day.Source : Bombay Bullion Association Ltd.

(Rs. crore)HoldersJanuary 15, 1999Variation in Total Treasury Bills Treasury Bills of Different MaturitiesTotalOver theOver End 14 Day14 Day91 Day364 Day(2+3+4+5)WeekMarch (Auction)(Intermediate)(Auction)(Auction) 12345678 Reserve Bank of India20—113—133-26-494 Banks72—3,0584,8667,997-263-5,324 State Governments4002,8211,100—4,321-1,091-3,563 Others1083551,0191,6533,135628-880

(Rs. crore) Gross AmountRepaymentsNet Amount Raised Raised uptoupto1998-991997-98 January 15, 1999January 15, 1999(upto(upto January 15, 1999)January 16, 1998) 12345 Total 75,7539,80365,95027,488

(Rs. crore) For the Week Ended January 8, 1999For the Week Ended January 15, 1999Items AmountYTM (%PA) IndicativeAmountYTM (%PA) Indicative MinimumMaximum MinimumMaximum1 234567I. Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1998-993818.75259.9840159.9718— 1999-003529.754410.75852769.115210.5910 2000-0177811.063211.431389411.191411.9756 2001-0284611.332311.599745511.470311.5449 2002-03 $73511.596911.680855211.579111.6737 2003-041,29511.