(Rs. crore) Item 1997 1998 Variation over Oct. 17 Oct. 9 Oct. 16 Week Year 1 2 3 4 5 6 Notes in circulation 1,42,626 1,58,426 1,59,983 1,557 17,357 Notes issued 1,42,653 1,58,466 1,60,031 1,565 17,378 Notes held in Banking Department 27 40 48 8 21 Deposits : Central Government 50 51 50 -1 - State Governments 13 8 16 8 3 Scheduled Commercial Banks 54,430 67,492 72,276 4,784 17,846 Scheduled State Co-operative Banks 633 560 742 182 109 Other Banks 870 1,052 1,139 87 269

Variation over As on Oct. 23, 1998 Week End-March 1998 End-December 1997 Year Item 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 1,25,444 29,644 193 42 9,539 277 18,149 2,289 16,616 -368 of which : (a) Foreign Currency Assets 1,12,704 26,645 194 42 10,197 670 18,726 2,680 17,400 371 (b) Gold 12,678 2,984 - - -716 -407 -335 -329 -737 -724 (c) SDRs 62 15 -1 - 58 14 -242 -62 -47 -15 Note:

(Rs. crore) Outstanding Item as on Variation over 1998 Financial year so far Oct. 9# Fortnight 1997-98 1998-99 Year 1 2 3 4 5 6 Liabilities to the Banking System Demand and time deposits from banks 28,499 1,843 2,331 4,817 8,772 Borrowings from Banks(1) 11,927 2,349 3,261 4,767 5,408 Other demand and time liabilities(2) 756 214 -73 -689 290 Liabilities to Others Aggregate deposits 6,71,973 @ 7,967 37,687 66,563 1,28,687 (1.2) (7.5) (11.0) (23.7) Demand 1,00,595 1,082

(Per cent per annum) 1997 1998 Item / week ended Oct. 17 Sept. 18 Sept. 25 Oct. 2 Oct. 9 Oct. 16 1 2 3 4 5 6 7 Bank Rate 10.00 9.00 9.00 9.00 9.00 9.00 I.D.B.I.1 14.50 14.00 14.00 14.00 14.00 14.00 Prime Lending Rate2 13.50 12.75-13.0 12.75-13.0 12.75-13.0 12.75-13.0 12.75-13.0 Deposit Rate3 10.0-12.00 9.0-11.5 9.0-11.5 9.0-11.5 9.0-11.5 9.0-11.5 Call Money Rate (Low / High)4 0.25/10.50 7.50/12.50 4.0/8.40 7.25/9.50 4.00/8.30 8.10/9.75 1. Medium Term Lending Rate (MTL

(Rs. crore) 1998-99 1997-98 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 1998 1997 Mar. 27 Oct. 9 Mar. 28 Oct. 10 1 2 3 4 5 6 7 1. Bank Credit 3,24,079 3,34,514 10,436 2,78,401 2,84,542 6,141 (3.2) (2.2) A. Food Credit 12,485 15,949 3,464 7,597 9,052 1,455 B. Non-Food Credit 3,11,594 3,18,565 6,972 2,70,805 2,75,490 4,686 (2.2) (1.7) 2. Investments 33,084 41,663 @ 8,579 19,411 28,428+ 9,017 A. Commercial Paper 2,066 4,476 2,410 65

Foreign 1997 1998 1997 1998 Currency Oct. 24 Oct. 19+ Oct. 20 Oct. 21+ Oct. 22+ Oct. 23 Oct. 24* Oct. 19+ Oct . 20 Oct . 21+ Oct. 22+ Oct. 23 1 2 3 4 5 6 7 8 9 10 11 12 13 14 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100@ 36.2600 42.3000 42.2900 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.2500 42.3000 42.2850 2.7582 2.3641 2.3646 Dollar Selling 36.2600 42.3100 42.2950 Pound Buying 59.0800 71.5800 7

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Fortnight 1997-98 1998-99 Year Mar. 31# Oct. 9# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 M3 8,25,389 9,08,768 @ 13,049 1.5 51,486 7.3 83,378 10.1 1,55,434 20.6 Components (i+ii+iii+iv) (i) Currency with the Public 1,45,182 1,56,504 5,068 3.3 9,400 7.1 11,322 7.8 15,017 10.6 (ii) Demand deposits with banks 1,18,435 1,15,662 1,107 1.0 -6,462 -6.1 -2,773 -2.3 16,790 17.0 (iii)

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Week 1997-98 1998-99 Year Mar. 31# Oct. 16# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,41,191 6,614 2.8 5,254 2.6 14,957 6.6 35,951 17.5 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,63,506 1,557 1.0 8,543 6.2 12,682 8.4 17,746 12.2 of which : cash with banks 5,641 .. (ii) Bankers' deposits with RBI 71,806 74,157 5,053 7.3 -3,642 -6.1 2

(Rs. crore) Date of Date of Notified Competitive Devolvement Non-Compe- Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Bids on PDs and titive Bids Issue Average at Cut-off ding as on the Accepted RBI Accepted (4+5+6) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Face Value) (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 Jan. 2, '98 Jan. 3, '98 - 35 100 - 135 99.73 7.0390 370 Apr. 3, '98 Apr. 4, '98 100 100 - - 100 99.72 7.3004 235

(Rs. crore) Date of Date of Notified Competitive Devolvement Non-Compe- Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Bids on PDs and titive Bids Issue Average at Cut-off ding as on the Accepted RBI Accepted (4+5+6) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Face Value) (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 Jan. 2, '98 Jan. 3, '98 200 - - 200 200 98.23 7.2076 3,650 Apr. 3, '98 Apr. 4, '98 100 10 90 25 125 98.20 7.3320

(Rs. crore) Date of Date of Notified Bids Devolvement Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Accepted on PDs and Issue Average at Cut-off ding as on the RBI (4+5) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Per cent) (Face Value) 1 2 3 4 5 6 7 8 9 Oct. 8, '97 Oct. 10, '97 - 2,092 - 2,092 92.23 8.4716 16,769 Jan. 14, '98 Jan. 16, '98 - - - - - - 17,517 @ Apr. 7, '98 Apr. 11, '98 100 6 94 100 92.61 7.9797 14,339 Jul. 1,

(Rs. crore) Fortnight ended Total Amount Issued during Rate of Interest Outstanding # the fortnight # (Per cent)@ 1 2 3 4 Jul. 4, 1997 9,219 296 8.00 - 14.25 Oct. 10, 1997 7,572 631 7.50 - 12.00 Jan. 2, 1998 6,876 811 6.50 - 11.75 Apr. 10, 1998 14,584 627 8.25 - 24.00 Jul. 17, 1998 7,287 807 8.00 - 12.50 Jul. 31, 1998 8,236 696 8.00 - 12.82 @ : Effective interest rate range per annum.

(Rs. crore) Fortnight ended Total Amount Reported during Rate of Interest Outstanding the fortnight (Per cent)@ 1 2 3 4 Oct. 15, 1997 3,377 325 8.45 - 11.00 Jan. 15, 1998 5,249 1,205 8.05 - 11.75 Apr. 15, 1998 1,030 338 11.75 - 18.00 Jul. 15, 1998 3,912 772 8.20 - 13.50 Sep. 30, 1998 4,588 691 10.25 - 13.25 Oct. 15, 1998 4,803 1,101 9.50 - 13.40 @ : Typical effective discount rate range per annum on issues during the fortnight.

1997 1998 Percentage Variation over Item / Week ended Weight Oct. 11 Aug. 15* Oct. 10# Week Month End Year March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 331.9 353.4 358.8 0.3 0.8 6.4 8.1 Primary Articles 32.30 339.4 380.8 393.5 0.5 2.0 13.1 15.9 (i) Fruits and Vegetables 4.09 385.3 501.5 579.5 1.8 8.6 59.1 50.4 Fuel, Power, Light and Lubricants 10.66 378.5 379.9 379.9 - - -1.1 0.4 Manufactured Products 57.04 319.0 333.0 335.2 0.1 0.3 4.0 5.1 (i) Sugar, Khandsari and

1997 1998 Oct. 23 Oct. 19 Oct. 20 Oct. 21+ Oct. 22++ Oct. 23 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 4,009.77 2,853.27 2,764.16 2,784.46 S & P CNX NIFTY (3.11.1995=1000) 1,151.65 831.25 808.70 811.60 817.35 Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998. + : Market closed. ++ : BSE remained closed.

(Rs. crore) Fortnight Ended May. 8, '98 May 22, '98 Jun. 5, '98 Jun. 19, '98 Jul. 3, '98 Jul. 17, '98 Jul. 31, '98 1 2 3 4 5 6 7 8 1. Banks a) Borrowing 7,739 8,483 8,207 8,710 9,539 9,102 9,114 b) Lending 5,279 6,055 5,787 6,081 6,294 7,127 7,550 2. Primary Dealers a) Borrowing 3,124 3,799 4,101 4,195 4,978 4,465 4,941 b) Lending 1,404 1,627 1,896 1,753 2,079 1,697 1,646 3. Non-Bank Institutions a) Lending 3,460 4,981 4,712 5,344 5,918 4,803 4,833

(Rs. crore) Week Ended Items Sept. 18, 98 Sept. 25, 98 Oct. 2, 98 Oct. 9, 98 Oct. 16, 98 Oct. 23, 98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 2,492 2,550 2,410 3,740 1,915 393 b. State Government Securities 87 1 11 47 2 7 c. 14 - Day Treasury Bills - 50 106 164 1,069 383 d. 91 - Day Treasury Bills 370 298 434 1,395 1,441 258 e. 364 -Day Treasury Bills 821 617 429 96 752 121 II. RBI* 3 - 42 342 216 46 @ : 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- Position Date lation lation 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Oct. 12, 1998 201 78 21 37 167 86 342 298 38 1,009 258 20 Oct. 13, 1998 145 72 28 84 143 78 347 515 61 1,018 261 32 Oct. 14, 1998 217 51 31 106 76 132 379 437 81 1,051 292 19 Oct.&nbsp15, 1998 230   81 139 88 145 116 470 671 125 1,147

(Rs. crore) Week Ended Sept. 19, '98 Sept. 26, '98 Oct. 3, '98 Oct. 10, '98 Oct. 17, '98 Oct. 24, '98 1 2 3 4 5 6 7 Amount 18.66 17.04 9.39 2.78 10.88 6.97 Source: National Stock Exchange of India Ltd.

1997 1998 Item As on Friday Oct. 24 Sept.25 Sept.30 Oct. 9 Oct. 16 Oct. 23 1 2 3 4 5 6 7 8 Standard Gold Opening 4,370 4,280 4,305 4,380 4,360 4,310 (Rs. per 10 grams) Closing 4,370 4,300 4,300 4,380 4,360 4,300 Silver (999.0 fineness) Opening 7,000 7,700 7,925 7,650 7,450 7,360 (Rs. per kilogram) Closing 6,965 7,720 7,900 7,650 7,425 7,395 Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders October 23, 1998 Variation in Total Treasury Bills Treasury Bills of Different Maturities Total Over the Over End 14 day 14 day 91 Day 364 Day (2+3+4+5) Week March (Auction) (Intermediate) 1 2 3 4 5 6 7 8 Reserve Bank of India 250 - 1,776 787 2,814 235 2,187 Banks 431 - 1,824 3,829 6,084 -358 -7,236 State Governments - 5,088 1,250 - 6,338 -69 -1,546 Others 319 371 1,360 1,231 3,281 856 -733

(Rs. crore) Gross Amount Repayments Net Amount Raised Raised upto upto 1998-99 1997-98 October 23, 1998 October 23, 1998 (upto (upto October 23, 1998) October 24, 1997) 1 2 3 4 5 Total 64,121 8,803 55,318 27,099

(Rs. crore) For the Week Ended For the Week Ended October 16, 1998 October 23, 1998 Items Amount YTM (%PA) Amount YTM (%PA) Indicative Indicative Minimum Maximum Minimum Maximum 1 2 3 4 5 6 7 I. Outright Transactions 1. Govt. of India Dated Securities Maturing in the year 1998-99 195 9.9839 11.2184 38 10.2841 10.4977 1999-00 281 10.5818 11.3165 30 10.5877 10.8145 2000-01 253 11.3913 11.6862 60 11.4258 11.5287 2001-02 98 11.5629 11.6942 20 11.6415 11.6648 2002-03$ 8 11