(Rs.crore) 2003 2004 Variation Item May 16 May 7 May 14# Week Year 1 2 3 4 5 6 Notes issued 2,97,392 3,38,970 3,40,367 1,397 42,975 Notes in circulation 2,97,341 3,38,941 3,40,336 1,395 42,995 Notes held in Banking Department 51 30 30 — –21 Deposits Central Government 330 1,620 100 –1,520 –230 Market Stabilisation Scheme — 24,334 26,776 2,442 26,776 State Governments 700 41 41 — –659 Scheduled Commercial Banks 72,823 70,096 75,095 4,999 2,272 Scheduled State Co-operat

Variation over Item As on May 14, 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 5,38,603 1,18,628 8,579 49 48,474 5,669 68,131 15,477 1,60,518 38,438 (a) Foreign Currency Assets 5,14,224 1,13,165 8,578 70* 48,009 5,717 68,992 15,548 1,56,761 37,335 (b) Gold 18,598 4,191 — — 382 –7 –627 –24 2,550 802 (c) SDRs 8 2 –2 — –2 — –5 –1 –18 –4 (d) Reserv

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004Fortnight Apr. 30# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 39,357 354 1,576 2,532 4,133 –2,674 Borrowings from Banks (1) 13,531 –742 –3,416 –1,437 –6,070 –2,691 Other demand and time liabilities (2) 2,896 187 303 290 136 339 Liabilities to Others Aggregate deposits@ 15,50,387 12,939 42,807 48,456 1,43,526 2,

(per cent per annum) 2003 2004 Item / week ended May 9 Apr. 2 Apr. 9 Apr. 16 Apr. 23 Apr. 30 May 7 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 5.00-5.5

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 2004 2003 Mar. 19 Apr. 30 Mar. 21 May 2 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,65,080 29,699 7,29,215 7,31,917 2,702 (3.6) (0.4) Food Credit 35,961 42,998 7,036 49,479 49,922 443 B. Non-Food Credit 7,99,420 8,22,083 22,662 6,79,736 6,81,995 2,259 (2.8) (0.3) 2. Investments £ 89,049 87,282 @ –1,767 92,854 88,429 + –4,424 A. Commercial Paper 3,924 2,94

Foreign 2003 2004 2003 2004 Currency May 14 May 10 May 11 May 12 May 13 May 14 May 14 May 10 May 11 May 12 May 13 May 14 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 47.1400 44.9500 45.3400 45.4200 45.1200 45.4400 (Based on Middle Rates) Euro 54.1600 53.2200 53.8300 53.8600 53.5000 53.7200 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 47.1350 44.9400 45.3200 45.4100 45.0500

(Rs. crore) Outstanding as on Variation over 2004 Fortnight Financial year so far Year-on-year 2003-2004 2004-2005 2003 2004 Item Mar. 31# Apr. 30# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 20,00,349 20,66,583 19,138 0.9 60,618 3.5 66,234 3.3 1,88,323 11.8 2,86,763 16.1 Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,29,963 1,258 0.4 13,354 4.9 13,205 4.2 29,175 11.4 45,227 15.9 (ii) Demand deposits with banks 2,51,

(Rs. crore) Outstanding as on Financial year so far Variation over Year-on-year 2004 Week 2003-2004 2004-2005 2003 2004 Item Mar. 31# May 14# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,32,554 6,209 1.5 17,261 4.7 –3,875 –0.9 36,298 10.4 46,232 12.0 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,47,627 1,396 0.4 21,974 7.8 20,604 6.3 34,114 12.6 43,180 14.2 (ii) Bankers' deposits with RBI 1,04,365 8

(Rs. crore) Repo/RR REPO REVERSE REPO Net injection(+) Outstanding 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 May 10, 2004 7 44 21,680 44 21,680 4.50 — — — — — –21,680 72,940 May 11, 2004 7 23 3,915 23 3,915 4.50 — — — — — –3,915 76,855 May 12, 2004 7 39 11,340 39 11,34

(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 Com- Non- Com- Non- (8+9+ Average Cut-off as on the petitive Com- petitive Com- 10+11)PricePriceDate 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. 3 500 24 730 — 16 500 — — — 500 98.90 4.489

(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 Issue ted Yieldat Outstanding Com- Non 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 — — — 1,000

(Rs. crore) Fortnight Ended Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 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 3,53,365 4,30,034 5,06,941 5,88,140 6,69,340 7,50,455 8,35,342 9,11,907 9,87,052 10,69,869 May 1 May 2 May 3 May 4 May 5 May 6 May 7 May 8 May 9 May 10 May 11 May 12 May 13 May 14 May 14, 2004 82,254 1,64,509 2,43,176 3,20,859 3,94,504 4,74,06

(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 Mar. 19, 2004 4,461 246 3.87 — 5.16 Apr. 2, 2004 4,626 191 3.75 — 5.16 @: 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 Apr. 30, 2004 9,706 756 4.50 — 6.50 May 15, 2004 10,322 1,340 4.47 — 5.95 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight May 3 Mar. 6* May 1# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.8 179.4 181.1 — 0.3 0.6 4.2 Primary Articles 22.02 181.4 180.6 183.9 –0.2 0.3 1.5 1.4 (i) Fruits and Vegetables 2.92 200.7 175.2 200.8 –0.9 2.7 12.9 — Fuel, Power, Light and Lubricants 14.23 249.5 262.4 264.2 0.2 0.2 0.4 5.9 Manufactured Products 63.75 154.3 160.5 161.6 — 0.4 0.4 4.7 (i) Sugar, Khandsari and Gur 3.93

2003 2004 May 14 May 10 May 11 May 12 May 13 May 14 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 2993.94 5555.84 5325.90 5358.35 5399.47 5069.87 S & P CNX NIFTY (3.11.1995=1000) 952.15 1769.10 1699.45 1711.10 1717.50 1582.40 +:Market closed

(Rs. crore) WeekEnded Apr. 2, 2004 Apr. 9, 2004 Apr. 16, 2004 Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 May 14, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 2,218 5,016 3,186 2,808 1,899 2,277 2,584 (b) Lendings 2,692 3,962 2,529 2,317 2,041 2,245 2,809 2. Primary Dealers (a) Borrowings 3,768 5,241 4,069 4,177 3,512 5,227 4,154 (b) Lendings 17 158 183 113 36 78 136 3. Non-Bank Institutions (a) Lendings 1,677 3,471 2,975 2,707 2,265 3,458 2,688 4. Total (a) Borrowings 5,

(Rs. crore) WeekEnded Items Apr. 9, 2004 Apr. 16, 2004 Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 May 14, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 65,426 83,938 74,244 46,406 43,692 54,461 (b) State Government Securities 83 633 738 945 499 441 (c) 91 – Day Treasury Bills 567 6,904 4,656 2,388 4,560 6,091 (d) 364 – Day Treasury Bills 3,166 2,587 3,496 3,465 2,196 3,714 II. RBI* 89 117 34 — 10 14 @ :Excluding Repo Transactions. *: RBI

(US$ Million) FCY / INR Merchant FCY / FCY FCY / INR Inter-bank 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 Apr. 19, 2004 668 330 95 12 48 67 1474 2790 76 723 214 8 Apr. 20, 2004 636 415 92 21 79 85 1499 2223 298 693 147 7 Apr. 21, 2004 506 629 105 34 86 32 1335 3170 202 743 224 18 Apr. 22, 2004 707 318 158 38 70 33 1131 2469 254 783 194 10 Ap

(Rs. crore) WeekEnded Apr. 10, 2004 Apr. 17, 2004 Apr. 24, 2004 May 1, 2004 May 8, 2004 May 15, 2004 1 2 3 4 5 6 7 Amount 695.21 265.62 464.84 341.07 303.35 336.80 Source : National Stock Exchange of India Ltd.

(Rs. crore) May 14, 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 — 8,588 23,843 32,431 1,896 13,038 State Governments 5,406 850 — 6,256 –658 –1,200 Others 528 6,944 6,293 13,765 1,522 –491

(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 May 14, 2004) May 16, 2003) May 14, 2004) May 16, 2003) 1 2 3 4 5 6 7 1. Total 24,000 $ 30,000 1,35,934 19,000 $ 22,906 88,807 of which : 1.1 Devolvement/Private Placement on RBI — 5,000 21,500 2. RBI's OMO Sales 277 86 41,849 Purchases — — — $ : Includes Rs.15,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended May 7, 2004 For the Week Ended May 14, 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 — — — — — — 2005-06 150 4.4486 4.4732 152 4.4628 4.5577 2006-07 10 4.5207 — — — — 2007-08 90 4.5684 4.5833 27 4.5724 — 2008-09 135 4.6664 4.6894 455 4.6724 5.1191 2009-10 660 4.7718 5.1871