(Rs.crore) 2003 2004 Variation Item Nov. 21 Nov. 12 Nov. 19# Week Year 1 2 3 4 5 6 Notes issued 3,01,886 3,52,556 3,52,190 –366 50,304 Notes in circulation 3,01,862 3,52,539 3,52,175 –364 50,313 Notes held in Banking Department 23 18 16 –2 –7 Deposits Central Government 101 11,401 11,333 –68 11,232 Market Stabilisation Scheme — 54,836 54,836 — 54,836 State Governments 41 351 41 –310 — Scheduled Commercial Banks 68,235 84,973 96,092 11,119 27,857 Scheduled State Co-ope

Variation over Item As on Nov. 19, 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 5,64,703 1,25,098 6,202 1,560 74,574 12,139 94,231 21,947 1,22,149 28,510 (a) Foreign Currency Assets 5,38,832 1,19,396 6,171 1,551* 72,617 11,948 93,600 21,779 1,19,626 27,946 (b) Gold 19,776 4,351 — — 1,560 153 551 136 2,008 431 (c) SDRs 22 5 — — 12 3 9 2 9 2 (d)

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Nov. 12# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 35,155 193 –5,109 –1,679 –3,380 –190 Borrowings from Banks (1) 27,490 707 –4,460 12,464 –5,207 12,313 Other demand and time liabilities(2) 2,794 45 825 167 978 –285 Liabilities to Others Aggregate deposits@ 15,96,617 –20,257 1,11,743 92,201 1,46,420

(per cent per annum) 2003 2004 Item / week ended Nov. 14 Oct. 8 Oct. 15 Oct. 22 Oct. 29 Nov. 5 Nov. 12 1 2 3 4 5 6 7 8 Cash Reserve Ratio (per cent)(1) 4.50 5.00 5.00 5.00 5.00 5.00 5.00 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 10.25-10.75 10.25-10.75 10.25-10.75 10.25-10.75 10.25-10.75 10.25-10.75 Deposit Rate(4) 5.00-6.00 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 Nov. 12 Mar. 21 Nov. 14 1 2 3 4 5 6 7 1. Bank Credit 8,40,785 9,95,517 1,54,732 7,29,215 7,62,557 33,341 (18.4) (4.6) A. Food Credit 35,961 41,228 5,267 49,479 35,439 –14,040 B. Non-Food Credit 8,04,824 9,54,289 1,49,465 6,79,736 7,27,118 47,382 (18.6) (7.0) [9,21,607] [1,16,783] [14.5] 2. Investments 88,985 93,251 @ 4,266 92,854 90,

Foreign 2003 2004 2003 2004 Currency Nov. 21 Nov. 15+ Nov. 16 Nov. 17 Nov. 18 Nov. 19 Nov. 21 Nov. 15+ Nov. 16 Nov. 17 Nov. 18 Nov. 19 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 45.8400 45.0100 45.0300 45.0300 45.1300 (Based on Middle Rates) Euro 54.5200 58.2100 58.4500 58.7900 58.5500 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 45.8800 45.0125 45.0200 45.0350 45.1050 2.

(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# Nov. 12# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,03,102 21,32,680 –2,851 –0.1 1,54,115 9.0 1,29,577 6.5 1,98,212 11.8 2,60,605 13.9 M3 (21,29,111) (1,26,008) (6.3) (2,57,036) (13.7) Components (i+ii+iii+iv) (i) Currency with the Public 3,15,493 3,47,810 17,094 5.2 27,743 10.2 32,317 10.2 34,710

(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 Nov. 19# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,512 4,69,106 10,502 2.3 17,378 4.7 32,594 7.5 43,169 12.6 82,667 21.4 Components (i+ii+iii) (i) Currency in circulation 3,27,028 3,59,514 –364 –0.1 26,641 9.4 32,486 9.9 38,216 14.1 50,400 16.3 (ii) Bankers' deposits with RBI 1,04,365 1

(Rs. crore) REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off 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 Nov. 16, 2004 1 36 13,780 36 13,780 6.00 — — — — — 13,780 –13,780 Nov. 17, 2004 1 33 16,300 33 16,300 6.00 — — — — — 16,300 –16,300 Nov. 1

(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) Price Price Date of Issue petitive petitive (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2004-2005 Mar. 31 Apr. 2 500 29 1,060 — 18 500 — — — 500 98.

(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) Price Price Date of Issue petitive$ petitive$ (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2004-2005 Mar. 31 Apr. 2 1,000 47 1,660 — 39 1,000 — — — 1

Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Oct. 30 Oct. 31 Nov. 1 Nov. 2 Nov. 3 Nov. 4 Nov. 5 Nov. 6 Nov. 7 Nov. 8 Nov. 9 Nov.10 Nov. 11 Nov.12 Nov. 12, 2004 88,019 1,76,039 2,66,526 3,59,033 4,50,373 5,34,910 6,24,959 7,14,867 8,04,775 8,92,702 9,72,019 10,51,480 11,36,761 12,21,880 Nov.13 Nov.14 Nov.15 Nov.16 Nov.17 Nov.18 Nov.19 Nov.20 Nov.21 Nov.22 Nov.23 Nov.24 Nov.25 Nov.26 Nov. 26, 2004 73,890 1,73,258 2,59,775 3,74,842 4,40,728 5,37,264 6,35,117

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 Jan. 9, 2004 4,457 713 3.87 — 5.31 Apr. 2, 2004 4,626 191 3.75 — 5.16 Jul. 9, 2004 5,529 166 4.14 — 6.75 Oct. 1, 2004 5,164 95 3.50 — 5.50 Oct. 15, 2004 4,837 35 4.00 — 5.75 Oct. 29, 2004 4,785 129 4.50 — 6.26@: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 Jan. 15, 2004 9,525 1,542 4.63 — 6.00 Apr. 15, 2004 9,590 810 4.66 — 6.20 Jul. 15, 2004 10,688 954 4.63 — 7.00 Oct. 15, 2004 10,712 542 4.95 — 7.25 Oct. 31, 2004 10,266 489 5.10 — 6.30 Nov. 15, 2004 9,193 480 5.10 — 6.23@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Nov. 8 Sep. 11* Nov. 6# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 176.6 189.7 190.3 0.4 1.0 5.5 7.8 Primary Articles 22.02 183.1 194.1 192.4 –0.3 0.7 6.2 5.1 (i) Fruits and Vegetables 2.92 213.8 221.0 231.1 0.2 4.4 33.6 8.1 Fuel, Power, Light and Lubricants 14.23 255.2 282.0 291.3 3.2 3.6 10.8 14.1 Manufactured Products 63.75 156.8 167.6 167.1 –0.3 0.1 3.4 6.6 (i) Sugar, Khandsari a

2003 2004 Nov. 19 Nov. 15+ Nov. 16 Nov. 17 Nov. 18 Nov. 19 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 4823.73 5996.70 6016.58 6025.47 5961.71 S & P CNX NIFTY (3.11.1995=1000) 1540.60 1879.00 1888.65 1892.05 1872.35 +:Market closed.

(Rs. crore) WeekEnded Oct. 8, 2004 Oct. 15, 2004 Oct. 22, 2004 Oct. 29, 2004 Nov. 5, 2004 Nov. 12, 2004 Nov. 19, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 8,165 5,876 7,197 3,798 5,416 4,289 6,844 (b) Lendings 9,402 6,036 7,687 4,513 4,806 4,266 5,675 2. Primary Dealers (a) Borrowings 3,187 1,715 2,562 2,279 1,611 1,539 1,029 (b) Lendings 57 38 65 11 98 170 75 3. Non-Bank Institutions (a) Lendings 1,892 1,516 2,006 1,554 2,122 1,392 2,122 4. Total (a) Borrowings 11

(Rs. crore) WeekEnded Items Oct. 15, 2004 Oct. 22, 2004 Oct. 29, 2004 Nov. 5, 2004 Nov. 12, 2004 Nov. 19, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 27,335 23,260 31,564 15,240 24,064 16,662 (b) State Government Securities 4,267 1,009 1,850 1,382 821 711 (c) 91 – Day Treasury Bills 4,035 3,415 4,425 6,028 6,089 3,121 (d) 364 – Day Treasury Bills 3,671 3,434 3,698 5,537 3,635 5,539 II. RBI* 48 — — 79 98 35 @ :Excluding Repo Transact

(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 Nov. 1, 2004 603 331 80 10 86 38 1,181 1,769 136 510 204 29 Nov. 2, 2004 497 378 49 37 39 34 1,186 1,546 147 419 153 12 Nov. 3, 2004 532 205 51 14 83 46 1,537 1,557 63 566 129 5 Nov. 4, 2004 558 431 77 15 84 80 1,421 1,341 63 596 325 9 N

(Rs. crore) WeekEnded Oct. 16, 2004 Oct. 23, 2004 Oct. 30, 2004 Nov. 6, 2004 Nov. 13, 2004 Nov. 20, 2004 1 2 3 4 5 6 7 Amount 148.95 272.20 223.54 263.53 112.79 133.49 Source : National Stock Exchange of India Ltd.

(Rs. crore) Nov. 19, 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 — 15,896 30,717 46,613 1,262 27,220 State Governments 8,538 1,880 — 10,418 –1,140 2,962 Others 119 5,834 9,409 15,362 –1,311 1,105

(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 Nov. 19, 2004) Nov. 21, 2003) Nov. 19, 2004) Nov. 21, 2003) 1 2 3 4 5 6 7 1. Total 93,000 $ 1,04,434 1,35,934 58,684 $ 72,316 88,807 of which : 1.1 Devolvement/Private Placement on RBI 847 5,000 21,500 2. RBI's OMO Sales 1,259 36,360 41,849 Purchases — — — $ : Includes Rs.25,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Nov. 12, 2004 For the Week Ended Nov. 19, 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 — — — — — — 2005-06 250 5.7969 6.2291 90 5.8665 5.9445 2006-07 25 6.1568 6.3372 — — — 2007-08 95 6.2636 6.9471 5 6.2778 — 2008-09 41 6.8303 7.1728 166 6.6438 7.0920 2009-10 766 6.7276 7