(Rs.crore) 2003 2004 Variation Item Apr. 25 Apr. 16 Apr. 23# Week Year 1 2 3 4 5 6 Notes issued 2,86,624 3,32,330 3,33,483 1,153 46,859 Notes in circulation 2,86,588 3,32,306 3,33,457 1,151 46,869 Notes held in Banking Department 36 24 25 1 –11 Deposits Central Government 100 5,381 6,856 1,475 6,756 Market Stabilisation Scheme — 13,925 15,409 1,484 15,409 State Governments 41 41 41 — — Scheduled Commercial Banks 67,057 66,223 77,427 11,204 10,370 Scheduled State Co-op

       Variation over    Item As on Apr. 23, 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 5,20,235 1,17,879 4,332 287 30,106 4,920 49,763 14,728 1,52,358 40,197            

(Rs. crore)   Outstanding   Variation over     as on          Financial year so far Year-on-year Item 2004         Fortnight       Apr. 16#  2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System       Demand and time deposits from Banks 39,002 –2,207 –668 2,177 7,698 –784 Borrowings

(per cent per annum) 2003 2004 Item / week ended Apr. 18 Mar. 12 Mar. 19 Mar. 26 Apr. 2 Apr. 9 Apr. 16 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 6.25 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) 10.75-11.50 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) 5.25-6.25 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00

(Rs. Crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 Apr. 16 Mar. 21 Apr. 18 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,65,221 29,839 7,29,215 7,29,984 768 (3.6) (0.1) A. Food Credit 35,961 38,326 2,365 49,479 44,589 –4,890 B. Non-Food Credit 7,99,420 8,26,895 27,475 6,79,736 6,85,394 5,658 (3.4) (0.8) 2. Investments £ 89,049 88,808 @ –240 92,854 91,008 + –1,846 A. Commercial Paper 3,924

Foreign 2003 2004 2003 2004 Currency Apr. 25 Apr. 19 Apr. 20 Apr. 21 Apr. 22 Apr. 23 Apr. 25 Apr. 19 Apr. 20 Apr. 21 Apr. 22 Apr. 23 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 47.3500 43.8600 44.0000 44.0000 44.0400 44.1600 (Based on Middle Rates) Euro 52.1600 52.8100 52.4700 52.0500 52.0200 52.6200 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 47.3450 43.8500 43.9800 44.0

(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# Apr. 16# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,00,349 20,47,445 7,574 0.4 57,208 3.3 47,096 2.4 2,34,184 15.2 2,71,034 15.3 M3 [2,04,811] [13.3] Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,28,705 13,241 4.2 12,976 4.8 11,947 3.8 32,238 12.8 44,347 15.6 (ii) Demand deposit

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2004 Week 2003-2004 2004-2005 2003 2004 Item Mar. 31# Apr. 23# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,28,495 12,811 3.1 593 0.2 –7,934 –1.8 32,806 9.7 58,842 15.9 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,40,748 1,152 0.3 11,222 4.0 13,725 4.2 32,914 12.6 47,053 16.0 (ii) Bankers' deposits with RBI 1,04,365 83,

(Rs. crore) REPO REVERSE REPO Net injection(+) Outstanding Repo/RR LAF period Bids Received Bids Accepted Cut-Off Bids Received Bids Accepted Cut-Off absorption(-) of Amount @ 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 Apr. 19, 2004 4 44 27,065 44 27,065 4.50 — — — — — –27,065 80,550 Apr. 19, 2004 14 14 6,335 14 6,335 4.50 — — — — — –6,335 86,885 Apr. 20, 2004 7 37 18,275 37 1

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Total Face Value Total Face Value Issue ted Yieldat Outstanding Number Number PDs/SDs* RBI (8+9+ Average Cut-off as on the Com- Non- Com- Non- 10+11) Price Price Date of Issue petitive Com- petitive Com- (per cent) (FaceValue) petitive petitive 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 AmountNumber Total Face Value Number Total Face Value PDs/SDs* RBI Issue ted Yieldat Outstanding Com- Non- Com- Non- (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 — — — 1,00

(Rs. Crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Apr. 3 Apr. 4 Apr. 5 Apr. 6 Apr. 7 Apr. 8 Apr. 9 Apr. 10 Apr. 11 Apr. 12 Apr. 13 Apr. 14 Apr. 15 Apr. 16 Apr. 16, 2004 78,538 1,57,076 2,55,554 3,38,888 4,06,218 4,81,239 5,57,127 6,26,540 6,96,047 7,71,822 8,48,718 9,25,583 9,96,716 10,61,338 Apr. 17 Apr. 18 Apr. 19 Apr. 20 Apr. 21 Apr. 22 Apr. 23 Apr. 24 Apr. 25 Apr. 26 Apr. 27 Apr. 28 Apr. 29 Apr. 30 Apr. 30, 2004 65,167 1,30,335 1,99,557 2,81,044

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 Apr. 4, 2003 1,188 25 5.25 — 7.40 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 Feb. 20, 2004 4,856 0.96 3.75 — 6.00 Mar. 5, 2004 4,831 347 3.59 — 5.75 @ : Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 Apr. 15, 2003 5,839 752 5.25 — 8.15 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 Mar. 31, 2004 9,131 510 4.70 — 6.50 Apr. 15, 2004 9,590 810 4.66 — 6.20 @ : Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Apr. 12 Feb. 14* Apr. 10# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 172.9 179.8 180.5 — 0.4 0.3 4.4 Primary Articles 22.02 179.3 182.4 183.1 –0.2 1.0 1.0 2.1 (i) Fruits and Vegetables 2.92 196.2 184.4 194.0 –0.8 10.7 9.1 –1.1 Fuel, Power, Light and Lubricants 14.23 256.2 262.7 263.7 — 0.5 0.2 2.9 Manufactured Products 63.75 152.1 160.4 161.1 0.1 0.2 0.1 5.9 (i) Sugar, Khandsari and

2003 2004 Apr. 23 Apr. 19 Apr. 20 Apr. 21 Apr. 22 Apr. 23 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 2947.33 5800.54 5804.81 5876.42 5924.18 5925.58 S & P CNX NIFTY (3.11.1995=1000) 934.20 1844.05 1844.25 1873.35 1889.55 1892.45

(Rs. crore) WeekEnded Mar. 12, 2004 Mar. 19, 2004 Mar. 26, 2004 Apr. 2, 2004 Apr. 9, 2004 Apr. 16, 2004 Apr. 23, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 1,634 3,070 2,850 2,218 5,016 3,186 2,808 (b) Lendings 2,076 2,908 2,870 2,692 3,962 2,529 2,317 2. Primary Dealers (a) Borrowings 3,857 4,252 4,333 3,768 5,241 4,069 4,177 (b) Lendings 119 97 139 17 158 183 113 3. Non-Bank Institutions (a) Lendings 2,740 3,442 3,560 1,677 3,471 2,975 2,707 4. Total (a) Borrowing

(Rs. crore) WeekEnded Items Mar. 19, 2004 Mar. 26, 2004 Apr. 2, 2004 Apr. 9, 2004 Apr. 16, 2004 Apr. 23, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 55,167 50,143 62,169 65,426 83,938 74,244 (b) State Government Securities 1,169 2,642 1,032 83 633 738 (c) 91 – Day Treasury Bills 1,595 2,105 1,225 567 6,904 4,656 (d) 364 – Day Treasury Bills 5,392 3,657 2,863 3,166 2,587 3,496 II. RBI* — 7 — 89 117 34 @ : Excluding Repo Transactions.

(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 Mar. 22, 2004 612 292 83 82 101 51 1334 1311 63 842 179 34 Mar. 23, 2004 1072 564 150 10 23 47 2126 1457 59 708 167 1 Mar. 24, 2004 645 764 136 15 30 37 1635 3080 166 611 167 29 Mar. 25, 2004 703 289 137 58 53 61 1290 1513 29 747 276 93

(Rs. crore) WeekEnded Mar. 20, 2004 Mar. 27, 2004 Apr. 3, 2004 Apr. 10, 2004 Apr. 17, 2004 Apr. 23, 2004 1 2 3 4 5 6 7 Amount 942.14 535.11 334.02 695.21 265.62 464.84 Source : National Stock Exchange of India Ltd.

(Rs. crore) Apr. 23, 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 — 3,775 14,238 18,013 –1,186 –1,380 State Governments 6,781 700 — 7,481 3,101 25 Others 518 7,264 12,897 20,680 1,737 6,423

(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 Apr. 23, 2004) Apr. 25, 2003) Apr. 23, 2004) Apr. 25, 2003) 1 2 3 4 5 6 7 1. Total 10,000 $ 21,000 1,35,934 10,000 $ 14,284 88,807 of which : 1.1 Devolvement/Private Placement on RBI — 5,000 21,500 2. RBI's OMO Sales 240 7 41,849 Purchases — — — $ : Includes Rs.10,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Apr. 16, 2004 For the Week Ended Apr. 23, 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 11 3.7228 — — — — 2005-06 1,629 4.5062 4.5919 549 4.4453 4.5709 2006-07 7 4.5490 — 206 4.5248 4.6072 2007-08 156 4.5598 4.5888 7 4.5409 — 2008-09 755 4.6362 4.9430 377 4.6304 4.9407 200