(Rs.crore) 2003 2004 Variation Item Jun. 13 Jun. 4 Jun. 11# Week Year 1 2 3 4 5 6 Notes issued 2,98,538 3,38,647 3,39,517 870 40,979 Notes in circulation 2,98,511 3,38,626 3,39,497 871 40,986 Notes held in Banking Department 27 21 19 –2 –8 Deposits Central Government 100 101 101 — 1 Market Stabilisation Scheme — 32,185 34,625 2,440 34,625 State Governments 41 41 41 — — Scheduled Commercial Banks 71,760 70,899 78,048 7,149 6,288 Scheduled State Co-operative Banks 1,655

Variation over Item As on Jun. 11, 2004 Week End-March2004 End-December 2003 Year Rs.Crore US$ Mn. Rs.Crore US$ Mn. Rs.Crore US$ Mn. Rs.Crore US$ Mn. Rs.Crore US$ Mn. 1 2 3 4 5 6 7 8 9 10 11 Total Reserves 5,38,310 1,19,345 –2,658 –333 48,181 6,386 67,838 16,194 1,50,081 36,222 (a) Foreign Currency Assets 5,14,349 1,14,072 –2,637 –331* 48,134 6,624 69,117 16,455 1,46,680 35,325 (b) Gold 18,104 3,974 — — –112 –224 –1,121 –241 828 301 (c) SDRs 8 2 — — –2 — –5 –1 2 1 (d)

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight May 28# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 38,248 –495 –108 1,423 3,555 –2,098 Borrowings from Banks (1) 14,867 998 –2,077 –100 –2,601 –2,693 Other demand and time liabilities(2) 2,444 –888 2,308 –163 1,228 –2,118 Liabilities to Others Aggregate deposits@ 15,48,382 4,559 50,429 46,451 1,39,46

(per cent per annum) 2003 2004 Item / week ended Jun. 6 Apr. 30 May 7 May 14 May 21 May 28 Jun. 4 1 2 3 4 5 6 7 8 Cash Reserve Ratio (per cent)(1) 4.75 4.50 4.50 4.50 4.50 4.50 4.50 Bank Rate 6.00 6.00 6.00 6.00 6.00 6.00 6.00 I.D.B.I.(2) 12.50 10.25 10.25 10.25 10.25 10.25 10.25 Prime Lending Rate(3) 10.50-11.50 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 Deposit Rate(4) 5.25-6.00 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 May 28 Mar. 21 May 30 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,64,705 29,323 7,29,215 7,30,370 1,154 (3.5) (0.2) A. Food Credit 35,961 43,512 7,551 49,479 51,047 1,568 B. Non-Food Credit 7,99,420 8,21,193 21,772 6,79,736 6,79,322 –414 (2.7) (–0.1) 2. Investments £ 89,049 87,030 @ –2,018 92,854 88,237 + –4,616 A. Commercial Paper 3,924

Foreign 2003 2004 2003 2004 Currency Jun. 13 Jun. 7 Jun. 8 Jun. 9 Jun. 10 Jun. 11 Jun. 13 Jun. 7 Jun. 8 Jun. 9 Jun. 10 Jun. 11 1 2 3 4 5 6 7 8 9 10 11 12 13 14 RBI's Reference Rate (Rs. per Foreign Currency) Foreign Currency per Rs. 100@ U.S. Dollar 46.6900 45.0600 45.0900 44.9800 45.0700 45.0900 (Based on Middle Rates) Euro 54.9600 55.5100 55.6200 55.0500 54.3500 54.1400 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 46.6850 45.0400 45.0800 44.9750 45

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2004 Fortnight 2003-2004 2004-2005 2003 2004 Item Mar. 31# May 28# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,00,349 20,66,190 –442 — 72,795 4.2 65,841 3.3 1,86,773 11.6 2,74,193 15.3 M3 Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,31,941 –4,821 –1.4 18,100 6.7 15,183 4.8 32,035 12.4 42,460 14.7 (ii) Demand deposits with banks 2,51,371

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2004Week 2003-2004 2004-2005 2003 2004 Item Mar. 31# Jun. 11# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,34,580 7,818 1.8 17,323 4.7 –1,850 –0.4 41,317 12.0 48,195 12.5 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,46,788 872 0.3 23,179 8.2 19,765 6.0 34,277 12.6 41,136 13.5 (ii) Bankers' deposits with RBI 1,04,365 84,

(Rs. crore) REPO REVERSE REPO Net injection(+)Outstanding LAF Repo period Bids Received Bids Accepted Cut-Off Bids Received Bids Accepted Cut-Off absorption(-) ofAmount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Jun. 7,2004 7 41 16,330 41 16,330 4.50 — — — — — –16,330 62,570 Jun. 8,2004 7 41 11,250 41 11,250 4.50 — — — — — –11,250 60,820 Jun. 9,2004 7 33 9,200 33 9,200 4.50

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Number Total Face Value Number Total Face Value PDs/SDs* RBI Issue ted Yieldat Outstanding (8+9+ Average Cut-off as on the Com- Non- Com- Non- 10+11) Price Price Date of Issue petitive Com- petitive Com- petitive petitive (per cent) (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Oct. 1 Oct. 3 500 24 730 — 16 500 — — — 500 98.90 4

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Number Total Face Value Total Face Value Issue ted Yieldat Outstanding Com- Non- Number Com- Non- PDs/SDs* RBI (8+9+ Average Cut-off as on the petitive Com- petitive Com- 10+11) Price Price Date of Issue petitive$ petitive$ (per cent) (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Oct. 1 Oct. 3 1,000 46 1,615 — 40 1,000 — — — 1,0

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 May 15 May 16 May 17 May 18 May 19 May 20 May 21 May 22 May 23 May 24 May 25 May 26 May 27 May 28 May 28, 2004 77,020 1,54,039 2,28,107 2,99,704 3,71,267 4,47,534 5,27,037 6,07,116 6,87,195 7,68,607 8,42,993 9,16,197 9,89,983 10,63,502 May 29 May 30 May 31 Jun. 1 Jun. 2 Jun. 3 Jun. 4 Jun. 5 Jun. 6 Jun. 7 Jun. 8 Jun. 9 Jun. 10 Jun. 11 Jun. 11, 2004 72,458 1,44,917 2,23,839 3,04,405 3,84,895 4,63,099 5

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 Jul. 11, 2003 2,242 44 4.45 — 6.25 Oct. 3, 2003 3,154 48 3.75 — 6.75 Jan. 9, 2004 4,457 713 3.87 — 5.31 Mar. 19, 2004 4,461 246 3.87 — 5.16 Apr. 16, 2004 4,813 198 4.64 — 6.00 Apr. 30, 2004 4,725 50 3.50 — 4.45 @: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 Jul. 15, 2003 7,069 1,142 5.15 — 6.80 Oct. 15, 2003 6,974 1,027 4.75 — 7.75 Jan. 15, 2004 9,525 1,542 4.63 — 6.00 Apr. 15, 2004 9,590 810 4.66 — 6.20 May 31, 2004 10,328 902 4.56 — 7.00 Jun. 15, 2004 10,354 1,024 4.50 — 6.05 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight May 31 Apr. 3* May 29# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.0 180.7 181.7 –0.1 0.3 0.8 5.0 Primary Articles 22.02 180.8 184.0 186.1 –0.3 1.2 2.8 2.9 (i) Fruits and Vegetables 2.92 194.9 197.0 202.5 –3.0 0.8 17.1 3.9 Fuel, Power, Light and Lubricants 14.23 246.4 263.3 264.9 — 0.3 0.8 7.5 Manufactured Products 63.75 153.9 161.2 161.6 –0.1 — — 5.0 (i) Sugar, Khandsari and Gur

2003 2004 Jun. 11 Jun. 7 Jun. 8 Jun. 9 Jun. 10 Jun. 11 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3314.60 4938.15 4962.63 4963.75 4944.64 4832.71 S & P CNX NIFTY (3.11.1995=1000) 1044.10 1542.55 1550.55 1548.30 1544.75 1508.45 +:Market closed.

(Rs. crore) WeekEnded Apr. 30, 2004 May 7, 2004 May 14, 2004 May 21, 2004 May 28, 2004 Jun. 4, 2004 Jun. 11, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 1,899 2,277 2,584 2,502 2,631 2,769 3,098 (b) Lendings 2,041 2,245 2,809 1,770 1,910 2,529 4,045 2. Primary Dealers (a) Borrowings 3,512 5,227 4,154 2,711 2,556 2,565 3,957 (b) Lendings 36 78 136 87 88 72 55 3. Non-Bank Institutions (a) Lendings 2,265 3,458 2,688 2,761 2,386 2,262 2,496 4. Total (a) Borrowings 5,411

(Rs. crore) WeekEnded Items May 7, 2004 May 14, 2004 May 21, 2004 May 28, 2004 Jun. 4, 2004 Jun. 11, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 43,692 54,461 50,287 32,722 43,203 49,371 (b) State Government Securities 499 441 469 1,571 827 1,536 (c) 91 – Day Treasury Bills 4,560 6,091 4,452 6,136 6,263 3,906 (d) 364 – Day Treasury Bills 2,196 3,714 3,500 4,326 3,100 5,797 II. RBI* 10 14 5 87 60 — @ :Excluding Repo Transactions.*: R

(US$ Million) Merchant Inter-bank FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Spot Forward Forward Spot Swap Forward Spot Swap Forward Cancel- Cancel- PositionDate lation lation 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases May 31, 2004 535 240 192 21 33 29 1568 1523 148 299 44 9 Jun. 1, 2004 366 184 92 20 88 39 1189 1545 127 705 288 14 Jun. 2, 2004 727 173 60 14 149 19 1139 1866 244 587 225 8 Jun. 3, 2004 567 183 129 16 99 17 1317 1633 109 730 225 32 Jun.

(Rs. crore) WeekEnded May 8, 2004 May 15, 2004 May 22, 2004 May 29, 2004 Jun. 5, 2004 Jun. 12, 2004 1 2 3 4 5 6 7 Amount 303.35 336.80 388.88 346.71 128.33 252.70 Source : National Stock Exchange of India Ltd.

(Rs. crore) Jun. 11, 2004 Variation in Total Treasury Bills Holders Treasury Bills of Different Maturities Total Over the Over End 14 Day 91 Day 364 Day (2+3+4) Week March (Intermediate) (Auction) (Auction) 1 2 3 4 5 6 7 Reserve Bank of India — — — — — — Banks — 11,011 25,441 36,452 1,272 17,059 State Governments 8,626 1,200 — 9,826 –1,175 2,370 Others 576 10,528 5,695 16,798 1,243 2,542

(Face Value in Rs. crore) Gross Amount Raised Net Amount Raised 2004-2005 2003-2004 2003-2004 2004-2005 2003-2004 2003-2004 (Upto (Upto (Upto (Upto Jun. 11, 2004) Jun. 13, 2003) Jun. 11, 2004) Jun. 13, 2003) 1 2 3 4 5 6 7 1. Total 34,000 $ 44,000 1,35,934 28,467 $ 36,713 88,807 of which : 1.1 Devolvement/Private Placement on RBI — 5,000 21,500 2. RBI's OMO Sales 429 5,605 41,849 Purchases — — — $ : Includes Rs.15,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Jun. 4, 2004 For the Week Ended Jun. 11, 2004 Item Amount YTM (%PA) Indicative** Amount YTM (%PA) Indicative** Minimum Maximum Minimum Maximum 1 2 3 4 5 6 7 I. OutrightTransactions 1. Govt. of India Dated Securities Maturing in the year 2004-05 — — — 20 3.7163 — 2005-06 1,726 4.5083 4.7700 736 4.5115 4.7408 2006-07 1,080 4.6181 4.7700 410 4.7422 4.9367 2007-08 134 4.8409 4.9648 173 4.8748 4.9354 2008-09 46 4.8704 4.8886 118 4.8