(Rs. crore)Item19981999 Variation over May 15May 7May 14WeekYear123456Notes in circulation1,62,6991,87,6981,89,3441,64626,645 Notes issued1,62,7491,87,7211,89,3801,65926,631 Notes held in Banking Department50233613-14Deposits : Central Government50100101151 State Governments153430-415 Scheduled Commercial Banks63,37171,28768,170-3,1174,799 Scheduled State Co-operative Banks6477137382591 Other Banks9831,1281,240112257 Others4,3965,2515,232-19836Other liabilities53,6406

Variation over As on May 21, 1999Week End- March 1999End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn. Rs. CroreUS$ Mn.1234567891011Total Reserves1,42,99133,4437961934,98695315,1373,38726,5624,724of which : (a) Foreign Currency Assets1,30,49030,5247961935,0781,00215,7973,56626,7635,002 (b) Gold12,5002,919——-59-41-308-96-148-265 (c) SDRs1———-33-8-352-83-53-13Note:1.Foreign currency assets expressed in US dollar terms include the

(Rs. crore) Outstanding as onVariation over Item1999 Financial year so far May 7#Fortnight1998-991999-2000Year 123456Liabilities to the Banking System Demand and time deposits from banks32,880-426326199,165 Borrowings from Banks(1)11,804-130651814,580 Other demand and time liabilities(2)959-221,177268-1,663Liabilities to Others Aggregate deposits7,26,512@9925,5789,2411,15,524 (0.1)(0.9)(1.3)(18.9) Demand1,08,463-4,281-5,638-5,01711,588 Time6,18,049@5,27311,21614,2581,

(Per cent per annum) 19981999Item / week endedMay 15Apr. 16Apr. 23Apr. 30May 7May 141234567Bank Rate9.008.008.008.008.008.00I.D.B.I.114.0013.5013.5013.5013.5013.50Prime Lending Rate212.75-13.0012.00-12.5012.00-12.5012.00-12.5012.00-12.5012.00-12.50Deposit Rate39.00-12.008.00-10.508.00-10.508.00-10.508.00-10.508.00-10.50Call Money Rate (Low / High)46.00/9.606.50/8.306.50/8.957.90/9.507.90/11.008.50/11.001. Medium Term Lending Rate (MTLR).2. Prime Lending Rate relates t

(Rs. crore) 1999-20001998-99 OutstandingVariationsOutstandingVariations as on(3) - (2)as on(6) - (5) Item19991999 19981998 Mar. 26May 7 Mar. 27May 8 1 2345671.Bank Credit3,66,0033,69,0513,0483,24,0793,20,980-3,098 (0.8) (-1.0) A.Food Credit16,81620,7993,98312,48513,8691,384 B.Non-Food Credit3,49,1873,48,252-9353,11,5943,07,111-4,482 (-0.3) (-1.4) 2.Investments48,45148,942 @@49231,86433,661+1,797 A.Commercial Paper4,0624,2852231,9692,9771,007 B.Bonds/Debentures/Prefere

Foreign Currency 1998 1999 1998 1999 May 22May 17May 18May 19May 20May 21May 22May 17May 18May 19May 20May 211234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100@ 40.630042.740042.730042.730042.760042.7500 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying40.620042.730042.730042.720042.755042.75002.46122.33972.34032.34032.33862.3392DollarSelling40.630042.740042.740042.730042.765042.7600 Pound{

(Rs. crore) OutstandingVariation over as on Item Financial year so far 1999Fortnight1998-991999-2000Year Mar. 31#May 7#Amount%Amount%Amount%Amount% 1234567891011M3 9,74,3289,98,9867,2550.720,0862.424,6582.51,51,69117.9 Components (i+ii+iii+iv) (i)Currency with the Public1,70,1191,85,6686,2003.513,9399.515,5499.125,72516.1(ii)Demand deposits with banks1,30,2671,25,385-4,073-3.1-5,493-4.7-4,882-3.712,94111.5(iii)Time deposits with banks6,70,1306,84,868@5,2620.812,2282.2

(Rs. crore) OutstandingVariation over as on Item Financial year so far 1999Week1998-991999-2000Year Mar. 31#May 14#Amount%Amount%Amount%Amount% 1234567891011 Reserve Money2,59,2202,66,242-1,354-0.57,1483.27,0222.732,69214.0 Components (i+ii+iii) (i)Currency in circulation1,75,7051,93,0481,6450.915,03010.017,3449.926,96216.2 of which : cash with banks5,586.. (ii)Bankers' deposits with RBI79,70370,147-2,981-4.1-6,805-9.5-9,556-12.05,1467.9 (iii)"Other" deposits with RBI

(Rs. crore)Date ofDate ofNotifiedCompetitiveDevolvementNon-Compe-TotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountBidson PDs andtitive BidsIssueAverageat Cut-off ding as on the AcceptedRBI*Accepted(4+5+6)PricePriceDate of Issue (Face Value)(Face Value)(Face Value)(Face Value) (per cent)(Face Value) 1 2345678910Jul.3, '98Jul.4, '98100100——10099.775.9938600 Oct.9, '98Oct.10, '98500500——50099.678.8702900 Jan.1, '99Jan.2, '99100100——10099.659.1320200 Apr.1, '99

(Rs. crore)Date ofDate ofNotifiedCompetitiveDevolvementNon-Compe-TotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountBidson PDs andtitive BidsIssueAverageat Cut-offding as on the AcceptedRBI*Accepted(4+5+6)PricePriceDate of Issue (Face Value)(Face Value)(Face Value)(Face Value) (per cent)(Face Value) 1 2345678910Jul.3, '98Jul.4, '9810020805015098.207.33203,460 Oct.9, '98Oct.10, '985003821184054097.579.96216,151 Jan.1, '99Jan.2, '99100100——10097.679.54235,670 A

(Rs. crore)Date ofDate ofNotifiedBidsDevolvementTotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountAcceptedon PDs andIssueAverageat Cut-offding as on the RBI*(4+5)PricePriceDate of Issue (Face Value)(Face Value)(Face Value) (Per cent)(Face Value) 1 23456789Jul.1, '98Jul.3, '98100—10010092.617.979710,153 @ Oct.7, '98Oct.9, '98400400—40090.3610.71745,827 Jan.13, '99Jan.15, '99750750—75090.5210.49726,519 Apr.7, '99Apr.9, '99500500—50090.959.974710,700 May5, '99M

(Rs. crore) Fortnight ended Total Amount Issued during Rate of Interest Outstanding # the fortnight # (Per cent)@ 1 2 3 4 Apr. 10, 1998 14,584 627 8.25 — 24.00 Jul. 17, 1998 7,287 807 8.00 — 12.50 Oct. 9, 1998 6,132 786 7.75 — 13.50 Jan. 1, 1999 3,667 621 8.00 — 17.35 Jan. 15, 1999 3,824 677 8.50 — 17.50 Jan. 29, 1999 3,689 534 9.00 — 12.50 @ : Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal AmountReported duringRate of Interest Outstandingthe fortnight(Per cent)@1 23 4Jul.15, 19983,912772 8.20 — 13.50Oct.15, 19984,8031,101 9.50 — 13.40Jan.15, 19995,4111,215 9.75 — 13.00Apr.15, 19995,0291,386 9.15 — 12.00Apr.30, 19995,8331,773 9.10 — 12.75May15, 19996,5901,634 9.33 — 12.50@ :Typical effective discount rate range per annum on issues during the fortnight.

19981999 Percentage Variation over Item / Week endedWeightMay 9Mar. 13*May 8#WeekMonthEndYear March 123456789ALL COMMODITIES100.00343.6353.8356.20.10.50.63.7Primary Articles32.30363.3377.1382.20.40.30.65.2 (i) Fruits and Vegetables4.09483.1401.9457.70.22.410.6-5.3Fuel, Power, Light and Lubricants10.66380.4389.8390.5—2.72.92.7Manufactured Products57.04325.6333.9335.1—0.20.12.9 (i) Sugar, Khandsari and Gur4.06309.7286.3301.30.73.83.8-2.7 (ii) Edible Oils2.45319.0355.134

1998 1999 May 21May 17May 18May 19May 20May 21 1234567BSE SENSEX (1978-79=100)3,908.794,039.394,085.114,123.584,079.454,015.75S & P CNX NIFTY (3.11.1995=1000)1,126.151,151.901,160.151,180.251,166.901,145.85Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.

(Rs. crore) Fortnight Ended Dec. 18, '98Jan. 1, '99Jan. 15, '99Jan. 29, '99Feb. 12, '99Feb. 26, '99 Mar. 12, '991 23456781.Banks a)Borrowing8,2538,31310,60910,20610,69610,00611,351 b)Lending7,1476,1215,7577,0777,1916,6987,0472.Primary Dealers a)Borrowing5,5643,8633,7305,8845,5464,6663,705 b)Lending1,4981,2131,7031,8941,6341,6031,6793.Non-Bank Institutions a)Lending4,5094,6585,6535,2595,7505,6625,950

(Rs. crore) Week Ended ItemsApr. 16, '99Apr. 23, '99Apr. 30, '99May 7, '99May 14, '99May 21, '99 1234567I .Outright Transactions a.Govt. of India Dated Securities14,91210,7817,81117,75212,5689,702 b.State Goverment Securities18115855499295 c.14 - Day Treasury Bills120110207229258124 d.91 - Day Treasury Bills379227112160235250 e.364 - Day Treasury Bills1,1821,735539540377681 II.RBI*2,304526—4,365617—@ : Excluding Repo Transactions.* : RBI's sales and purchases include

(US$ Million) Merchant Inter-bank FCY/INRFCY/FCYFCY/ INRFCY/FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwap Forward Cancel- Cancel- Position Date lation lation 12345678910111213Purchases May10, 199928286651136305155167643123424 May11, 199920799302348424104829431824536 May12, 19992301121513446284237359528829645 May13, 1999180743874414640781710426625858 May14, 199923466431236593025219231626023 Sales May10, 199927812441738185634708343325225 May11, 1999211

(Rs. crore) Week Ended Apr. 17, '99Apr. 24, '99Apr. 29, '99May 8, '99May 15, '99May 22, '991234567Amount6.4634.551.4460.171.697.41Source: National Stock Exchange of India Ltd.

1998 1999 ItemAs on FridayMay 22Apr. 23Apr. 30May 7May 14May 2112345678Standard GoldOpening4,1504,4104,4404,4704,3204,280(Rs. per 10 grams) Closing4,1654,4104,4304,4104,3104,285 Silver (999.0 fineness)Opening7,7257,8808,1858,2008,4058,175(Rs. per kilogram) Closing7,7257,9008,2158,1258,3808,185Note : In case Friday is a holiday, prices relate to the preceding working day.Source : Bombay Bullion Association Ltd.

(Rs. crore)Holders May 21, 1999 Variation 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 India100—26249085210238 Banks89—5878,4799,155-160557 State Governments—6,16575—6,240-453-363 Others123836662,8313,8924551,058

(Face Value in Rs. crore) Gross Amount RaisedNet Amount Raised 1999-20001998-991998-991999-20001998-991998-99 (Upto(Upto (Upto(Upto May 21, 1999)May 22, 1998) May 21, 1999)May 22, 1998) 123456 1. Total27,00021,00083,75322,27317,80768,950 of which : 1.1Devolvement/Private Placement on RBI16,0005,00038,205 2.RBI's OMO Sales12,00322326,348 Purchases———

(Amount in Rs. crore) For the Week Ended May 14, 1999For the Week Ended May 21, 1999ItemsAmountYTM (%PA) Indicative AmountYTM (%PA) Indicative MinimumMaximum MinimumMaximum1 2 3 4 5 6 7I. Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1999-2000 529.818810.3256 1654.453010.6915 2000-01 53510.198810.7976 4619.655210.8685 2001-02 51210.264210.9452 47610.832310.9533 2002-03 $ 25710.859311.0482 36210.963311.1183 2003-04 51511.092811.2866 46311