(Rs. crore) 2003 2004 Variation Item Mar. 7 Feb. 27 Mar. 5# Week Year 1 2 3 4 5 6 Notes issued 2,76,478 3,14,941 3,18,692 3,751 42,214 Notes in circulation 2,76,446 3,14,921 3,18,671 3,750 42,225 Notes held in Banking Department 32 20 21 1 –11 Deposits Central Government 101 101 100 –1 –1 State Governments 41 41 41 — — Scheduled Commercial Banks 68,191 73,001 76,454 3,453 8,263 Scheduled State Co-operative Banks 1,437 1,627 1,418 –209 –19 Other Banks 4,294 4,537 4,552

Variation over Item As on Mar. 5, 2004 Week End-March2003 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 4,94,460 1,09,132 4,000 772 1,36,180 33,704 29,990 7,297 1,42,940 35,392 of which : (a)Foreign Currency Assets 4,75,484 1,04,940 4,466 871* 1,34,008 33,050 30,252 7,323 1,41,742 34,929 (b)Gold 18,966 4,190 –466 –99 2,181 656 –259 –25 1,207 465 (c) SDRs 10 2 — — –9 –2

(Rs. crore) Outstanding Variation over as on Item 2004 Month Financial year so far Year-on-year Feb. 27# 2002-2003 2003-2004 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 36,967 230 6,386 –3,488 6,819 –848 Borrowings from Banks (1) 13,156 608 –798 –6,482 1,536 –6,296 Other demand and time liabilities(2) 2,208 23 –70 –46 105 55 Liabilities to Others Aggregate deposits@ 14,77,069 26,371 1,75,075 1,96,216 1,93,909 1,98,634

(per cent per annum) 2003 2004 Item / week ended Feb. 28 Jan. 23 Jan. 30 Feb. 6 Feb. 13 Feb. 20 Feb. 27 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 12.50 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) 5.50-6.25 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.0

(Rs. crore) 2003 - 2004 2002 - 2003 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 2003 2004 2002 2003 Mar. 21 Feb. 20 Mar. 22 Feb. 21 1 2 3 4 5 6 7 1. Bank Credit 7,29,215 8,10,965 81,750 5,89,723 7,09,483 1,19,760 (11.2) (20.3) A. Food Credit 49,479 35,268 –14,211 53,978 50,227 –3,751 B. Non-Food Credit 6,79,736 7,75,697 95,961 5,35,745 6,59,256 1,23,511 (14.1) (23.1) 2. Investments £ 92,854 87,774 @ –5,080 81,000 92,983 + 11,983

Foreign 2003 2004 2003 2004 Currency Mar. 7 Mar. 1 Mar. 2+ Mar. 3 Mar. 4 Mar. 5 Mar. 7 Mar. 1 Mar. 2+ Mar. 3 Mar. 4 Mar. 5 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 47.6700 45.2400 45.2400 45.3000 45.3100 (Based on Middle Rates) Euro 52.4100 56.6500 55.1200 55.2400 55.3200 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. { Buying Selling 47.6600 45.2300 45.2350 45.2950 45.2900 2.097

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2003 2004 Fortnight 2002-2003 2003-2004 2003 2004 Item Mar. 31# Feb. 20# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 17,25,222 19,62,720 18,289 0.9 2,15,441 14.4 2,37,497 13.8 2,39,411 16.2 2,48,924 14.5 [16,95,551] [1,84,781] [12.3] [2,08,751] [14.2] Components (i+ii+iii+iv) (i) Currency with the Public 2,70,983 3,12,957 2,227 0.7 30,371 12.6 41,974 15.5

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2003 2004 Week 2002-2003 2003-2004 2003 2004 Item Mar. 31# Mar. 5# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 3,69,061 4,12,259 7,032 1.7 21,922 6.5 43,198 11.7 37,395 11.6 52,367 14.6 Components (i+ii+iii) (i) Currency in circulation 2,82,473 3,25,912 3,750 1.2 32,509 13.0 43,439 15.4 31,630 12.6 42,429 15.0 (ii) Bankers' deposits with RBI 83,

(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 Mar. 1,2004 2 66 46,975 66 46,975 4.50 — — — — — –46,975 54,470   Mar.

(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 Com- Non- Com- Number Com- Non- Com- PDs/SDs* RBI (8+9+ Average Cut-off as on the petitive petitive petitive petitive 10+11) Price Price Date of Issue (per cent) (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Jul. 2 Jul. 4 500 31 778 — 25 500 — — — 500 98.77 5

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount   Total Face Value Number Total Face Value     Issue ted Yieldat Outstanding   Number Com- Non- Com-   Com- Non- Com-     (8+9+ Average Cut-off as on the     petitive petitive$   petitive petitive$ PDs/SDs* RBI 10+11) Price Price Date of Issue   (per cent) (FaceValue) 1     2

(Rs. crore) Fortnight   Date   Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15   Feb. 7 Feb. 8 Feb. 9 Feb. 10 Feb. 11 Feb. 12 Feb. 13 Feb. 14 Feb. 15 Feb. 16 Feb. 17 Feb. 18 Feb. 19 Feb. 20 Feb. 20,   2004 66,011 1,32,023 2,04,822 2,75,968 3,47,053 4,20,490 4,87,197 5,55,698 6,24,198 6,96,053 7,68,024 8,40,105 9,15,024 9,86,134     Feb. 21 Feb. 22 Feb. 23 Feb. 24 Feb. 25 Feb. 26 Feb. 27 Feb. 28 Feb. 29 Mar. 1 Mar. 2 Mar. 3 Mar. 4 Mar. 5 Mar. 5,

      (Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest     Outstanding # the fortnight # (percent)@ 1   2 3 4 Jan. 10, 2003 1,199 59 4.37 — 6.61 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 Jan. 23, 2004 4,419 88 3.57 — 6.11 : 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 Feb. 15, 2004 9,355 601 4.73 — 6.75 Feb. 29, 2004 9,379 681 4.60 — 7.50 @ : Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Feb. 22 Dec. 27* Feb. 21# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 169.9 176.9 180.0 0.3 0.8 4.5 5.9 Primary Articles 22.02 177.6 180.0 183.1 0.5 0.1 2.7 3.1 (i) Fruits and Vegetables 2.92 180.1 182.2 189.7 2.0 –0.5 4.2 5.3 Fuel, Power, Light and Lubricants 14.23 244.4 258.4 263.3 — 0.4 2.7 7.7 Manufactured Products 63.75 150.6 157.7 160.4 0.4 1.3 5.9 6.5 (i) Sugar, Khandsari and G

2003 2004 Mar. 5 Mar. 1 Mar. 2+ Mar. 3 Mar. 4 Mar. 5 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3226.10 5823.17 5842.20 5815.87 5880.35 S & P CNX NIFTY (3.11.1995=1000) 1040.70 1852.70 1860.40 1843.85 1867.70 + Market closed.

WeekEnded (Rs. crore) Jan. 23, 2004 Jan. 30, 2004 Feb. 6, 2004 Feb. 13, 2004 Feb. 20, 2004 Feb. 27, 2004 Mar. 5, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 2,426 1,682 1,360 1,379 1,336 1,701 1,676 (b) Lendings 4,096 2,982 2,383 2,068 1,776 1,889 1,697 2. Primary Dealers (a) Borrowings 5,522 4,150 4,066 4,020 3,762 3,208 3,967 (b) Lendings 50 10 51 70 42 95 50 3. Non-Bank Institutions (a) Lendings 3,295 2,455 2,957 2,860 2,799 2,647 2,903 4. Total (a) Borrowings 7,9

(Rs. crore) WeekEnded Items Jan. 30, 2004 Feb. 6, 2004 Feb. 13, 2004 Feb. 20, 2004 Feb. 27, 2004 Mar. 5, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 25,280 34,281 38,579 29,115 38,057 32,308 (b) State Government Securities 239 677 867 456 625 267 (c) 91 – Day Treasury Bills 472 1,744 1,983 1,463 1,409 1,356 (d) 364 – Day Treasury Bills 2,775 2,043 3,747 1,838 2,184 3,258 II. RBI* 50 17 — 18 — 54 @ : 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 Feb. 16, 2004 516 255 21 133 133 66 782 1028 31 611 151 4 Feb. 17, 2004 578 286 58 87 119 149 1053 1619 51 922 517 66 Feb. 18, 2004 + Feb. 19, 2004 925 254 40 46 165 99 1357 1474 47 922 555 5 Feb. 20, 2004 616 278 42 50 119 129 689 1349

(Rs. crore) WeekEnded Jan. 31, 2004 Feb. 7, 2004 Feb. 14, 2004 Feb. 21, 2004 Feb. 28, 2004 Mar. 6, 2004 1 2 3 4 5 6 7 Amount 120.08 64.36 102.68 111.66 165.16 118.61 Source : National Stock Exchange of India Ltd.

(Rs. crore) Mar. 5, 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 — — — — — –1,019 Banks — 2,649 15,189 17,838 –565 –11,056 State Governments 4,871 250 — 5,121 972 –1,273 Others 485 3,890 10,942 15,316 595 10,163

(Devolvement/Private Placement on RBI and OMO Sales/Purchases) (Face Value in Rs. crore) Gross Amount Raised Net Amount Raised 2003-2004 2002-2003 2002-2003 2003-2004 2002-2003 2002-2003 (Upto (Upto (Upto (Upto Mar. 5, 2004) Mar. 6, 2003) Mar. 5, 2004) Mar. 6, 2003) 1 2 3 4 5 6 7 1. Total 1,35,934*$ 1,25,000 1,25,000 1,04,032 97,580 97,580 of which : 1.1 Devolvement/Private Placement on RBI 21,500 $ 36,175 36,175 2. RBI's OMO Sales 41,835 53,764 53,780 Purchases — — —

(Amount in Rs. crore) For the Week Ended Feb. 27, 2004 For the Week Ended Mar. 5, 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 2003-04 215 3.8574 4.1292 260 3.9001 4.1109 — 2004-05 18 4.1399 4.4806 1 — 2005-06 24 4.5097 — 273 4.4365 4.4878 2006-07 440 4.7372 5.1344 49 4.7472 4.9454 2007-08 39 4.9725 5.0481 85 4.8022 4.9