(Rs. crore) Item19981999Variation over Mar. 13Mar. 5Mar. 12WeekYear 123456Notes in circulation1,51,2701,73,7121,75,0511,33923,781 Notes issued1,51,2921,73,7421,75,0771,33523,785 Notes held in Banking Department223027-35Deposits : Central Government585050--8 State Governments1611121-4 Scheduled Commercial Banks61,92170,29868,720-1,5786,799 Scheduled State Co-operative Banks631739620-119-11 Other Banks9581,1531,040-11382 Others4,3575,1015,005-96648 Other liabilities48,2

Variation over As on Mar. 19, 1999WeekEnd- March 1998End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.1234567891011Total Reserves1,32,44331,2351,27031516,5381,8684,5891,17920,6712,964of which : (a) Foreign Currency Assets1,19,78528,2561,27031517,2782,2815,0921,29821,4293,399 (b) Gold12,6242,971——-770-420-184-44-788-442 (c) SDRs348——307-319-75307Note : 1. Foreign currency assets expressed in US dollar terms inclu

(Rs. crore) Outstanding as on Variation over Item1999 Financial year so far Mar. 12#Fortnight1997-981998-99Year 123456Liabilities to the Banking System Demand and time deposits from banks30,6009284,5186,9188,686 Borrowings from Banks(1)12,150-1,0403,6934,9905,199 Other demand and time liabilities(2)788381,303-657-1,054Liabilities to Others Aggregate deposits6,98,338 @3,13177,54992,9281,15,190 (0.5)(15.3)(15.3)(19.8) Demand1,02,95071714143712,199 Time5,95,388 @2,41477,

(Per cent per annum) 1998 1999 Item / week endedMar. 13Feb. 12Feb. 19Feb. 26Mar. 5Mar. 121234567Bank Rate11.009.009.009.008.008.00I.D.B.I.114.5014.0014.0014.0014.0014.00Prime Lending Rate214.0012.75-13.0012.75-13.0012.75-13.0012.00-13.0012.00-13.00Deposit Rate310.50-12.009.00-11.509.00-11.509.00-11.509.00-11.509.00-11.50Call Money Rate (Low / High)47.50/10.257.00/ 9.608.75/9.507.15/9.757.50 / 9.357.00 / 8.501. Medium Term Lending Rate (MTLR).2. Prime Lending Rate rela

(Rs. crore) 1998-99 1997-98 OutstandingVariationsOutstandingVariations as on(3) - (2)as on(6) - (5) Item19981999 19971998 Mar. 27Mar. 12 Mar. 28Mar. 13 1 2345671.Bank Credit3,24,0793,54,74230,6642,78,4013,12,98034,579 (9.5) (12.4) A.Food Credit12,48516,7324,2477,59712,3364,739 B.Non-Food Credit3,11,5943,38,01126,4172,70,8053,00,64429,840 (8.5) (11.0) 2.Investments £31,91247,448 @15,53618,48433,099+14,616 A.Commercial Paper2,0454,6772,6326644,4393,775 B.Bonds/Debenture

Foreign 1998 1999 1998 1999 Currency Mar. 20Mar. 15Mar. 16Mar. 17 Mar. 18+Mar. 19Mar. 20Mar. 15Mar. 16Mar. 17 Mar. 18+Mar. 191234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100 @ 39.540042.420042.410042.4200 42.4000 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying39.530042.415042.400042.4150 42.40002.52912.35742.35792.3574 2.3585DollarSelling39.540042.425042.410042.4250 42.4100 Pound{ Buying

(Rs. crore) Outstanding Variation over Item Financial year so far 19981999Fortnight1997-98 1998-99Year Mar. 31#Feb. 26#Amount%Amount%Amount%Amount% 1234567891011M3 8,25,3899,45,5061,3830.194,20713.41,20,11614.61,49,45018.8 Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,68,019-2,184-1.312,7489.722,83715.723,18416.0(ii)Demand deposits with banks1,18,4351,17,9147240.6-92-0.1-521-0.412,67212.0(iii)Time deposits with banks5,58,1676,56,347 @2,7140.482,07717.8

(Rs. crore) Outstanding Variation over as on Item Financial year so far 19981999Week 1997-98 1998-99 Year Mar. 31#Mar. 12#Amount%Amount%Amount%Amount% 1234567891011Reserve Money2,26,2332,51,833-568-0.220,52510.325,59911.331,32214.2 Components (i+ii+iii) (i)Currency in circulation1,50,8231,78,6121,3390.817,35812.627,78818.424,03715.6 of which : cash with banks5,6413,903 * (ii)Bankers' deposits with RBI71,80670,380-1,811-2.53,9356.6-1,426-2.06,87010.8 (iii)"Other" depos

(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 2345678910Apr.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)Weighted 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, ’9810010902512598.207.33201,525 Jul.3, '98Jul.4, '9810020805015098.207.33203,460 Oct.9, '98Oct.10, '98500382118405

(Rs. crore)Date of AuctionDate of IssueNotified 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- ding as on the Date of Issue (Face Value)123456789Apr.7, ’98Apr.11, ’9810069410092.617.979714,339 Jul.1, '98Jul.3, '98100—10010092.617.979710,153 @ Oct.7, '98Oct.9, '98400400—40090.3610.71745,827 Jan.13, '99Jan.15, '99750750—75090.5210.49726,5

(Rs. crore) Fortnight endedTotal AmountIssued duringRate of Interest Outstanding#the fortnight #(Per cent)@1 2 34Jan.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 — 13.00Nov.6, 19985,858 3858.25 — 13.63@ : Effective interest rate range per annum.

(Rs. crore) Fortnight endedTotal AmountReported duringRate of Interest Outstandingthe fortnight(Per cent)@1 23 4 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 Jan.15, 19995,4111,215 9.75 — 13.00 Feb.15, 19995,151972 10.15 — 12.75 Feb.28, 19995,368762 10.20 — 13.00 @ : Typical effective discount rate range per annum on issues during the fortnight.

19981999Percentage Variation over Item / Week endedWeightMar. 7Jan. 9 *Mar. 6#WeekMonthEndYear March 123456789ALL COMMODITIES100.00336.5354.0354.1——5.05.2Primary Articles32.30347.0381.2380.8-0.1-0.69.59.7 (i) Fruits and Vegetables4.09346.1414.3408.5-0.7-1.412.118.0Fuel, Power, Light and Lubricants10.66384.2373.7379.50.90.9-1.2-1.2Manufactured Products57.04321.6334.9334.2-0.10.23.73.9 (i) Sugar, Khandsari and Gur4.06305.3297.6291.60.2-0.9-3.5-4.5 (ii) Edible Oils2.4530

1998 1999 Mar. 19Mar. 15Mar. 16Mar. 17Mar. 18Mar. 191234567BSE SENSEX (1978-79=100)3,820.873,783.713,744.183,672.71+3,672.63S & P CNX NIFTY (3.11.1995=1000)1,105.801,073.951,053.151,060.651,074.601,062.90Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.+ : Market closed.

(Rs. crore) Fortnight Ended Sep. 25, '98Oct. 9, '98Oct. 23, '98Nov. 6, '98Nov. 20, '98Dec. 4, '98Dec. 18, '981 23456781.Banks a)Borrowing9,1588,9479,2878,8767,9427,3488,253 b)Lending5,4446,2116,7027,2138,8617,5687,1472.Primary Dealers a)Borrowing3,8245,0594,8924,5255,4615,8085,564 b)Lending1,1951,0921,4338011,4131,7171,4983.Non-Bank Institutions a)Lending4,7604,4463,9523,6143,5383,4954,509

(Rs. crore) Week Ended ItemsFeb. 12, '99Feb. 19, '99Feb. 26, '99Mar. 5, '99Mar. 12, '99Mar. 19, '99 1234567I. Outright Transactions a.Govt. of India Dated Securities5,2434,1213,78010,43215,1006,321b.State Goverment Securities1604153271729c.14 - Day Treasury Bills15329524929323352d.91 - Day Treasury Bills7591,120735392439480e.364 - Day Treasury Bills898666461,0801,0101,072II. RBI *4371245357172,20376@ : Excluding Repo Transactions.* : RBI's sales and purchases include

(US$ Million) Merchant Inter-bank FCY/ INRFCY/ FCYFCY / INRFCY/FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 12345678910111213Purchases Mar.8, 199927376552161404807129153323429 Mar.9, 1999229695913483148667111245515222 Mar.10, 1999268505833404456554825857121421 Mar.11, 199925880201629415426154350019712 Mar.12, 199924991741965605197176560522424 Sales Mar.8, 1999348911320613843478110854223628 Mar.9, 19

(Rs. crore) Week Ended Feb. 13, '99Feb. 20, '99Feb. 27, '99Mar. 6, '99Mar. 13, '99Mar. 20, '991234567Amount2.3247.524.397.6536.343.34Source: National Stock Exchange of India Ltd.

1998 1999 ItemAs on FridayMar. 20Feb. 19Feb. 26Mar. 5Mar. 12Mar. 1912345678Standard GoldOpening3,9504,3504,3604,3604,3904,315 (Rs. per 10 grams)Closing3,9404,3504,3754,3604,4004,305 Silver (999.0 fineness)Opening8,2908,2358,3408,0007,9957,615 (Rs. per kilogram)Closing8,2308,3008,3758,0007,9557,600Note : In case Friday is a holiday, prices relate to the preceding working day.Source : Bombay Bullion Association Ltd.

(Rs. crore)HoldersMarch 19, 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) 12345678Reserve Bank of India——255205460—-167 Banks186—9886,9458,119104-5,201 State Governments6003,657——4,257118-3,627 Others143446232,3503,331-451-684

(Rs. crore) Gross Amount Raised upto March 19, 1999Repayments upto March 19, 1999Net Amount Raised 1998-99 (upto March 19, 1999)1997-98 (upto March 20, 1998) 12345 Total83,75314,80368,95027,488

(Rs. crore) For the Week Ended March 12, 1999For the Week Ended March 19, 1999Items AmountYTM (%PA) IndicativeAmountYTM (%PA) Indicative MinimumMaximum MinimumMaximum1 23 45 6 7I. Outright Transactions 1. Govt. of India Dated Securities Maturing in the year 1998-99 -- -- - - 1999-00 3346.063711.69475288.892712.8645 2000-01 1,0528.898111.191930510.558911.2171 2001-02 98910.912511.236298910.619111.2483 2002-03 $ 51411.195012.281341811.208211.3835 2003-04 83211.326812.30