(Rs.crore) 2003 2004 Variation Item Dec. 19 Dec. 10 Dec. 17# Week Year 1 2 3 4 5 6 Notes issued 3,05,791 3,49,944 3,48,410 –1,534 42,619 Notes in circulation 3,05,769 3,49,924 3,48,392 –1,532 42,623 Notes held in Banking Department 22 20 18 –2 –4 Deposits Central Government 101 5,004 16,829 11,825 16,728 Market Stabilisation Scheme — 51,334 52,612 1,278 52,612 State Governments 41 41 41 — — Scheduled Commercial Banks 70,307 84,546 91,554 7,008 21,247 Scheduled State C

Variation over Item As on Dec. 17, 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 5,75,449 1,30,621 –3,190 924 85,320 17,662 1,04,977 27,470 1,14,211 29,331 (a) Foreign Currency Assets 5,48,905 1,24,666 –3,146 915* 82,690 17,218 1,03,673 27,049 1,11,877 28,658 (b) Gold 20,316 4,540 — — 2,100 342 1,091 325 1,766 502 (c) SDRs 22 5 — — 12 3 9 2 9 2

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Dec. 10# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 34,631 277 –5,177 –2,202 –2,788 –647 Borrowings from Banks (1) 28,745 370 –6,617 13,719 –6,246 15,724 Other demand and time liabilities(2) 2,887 –526 1,300 260 1,301 –667 Liabilities to Others Aggregate deposits@ 16,21,659 11,378 1,31,176 1,17,243 1

(per cent per annum) 2003 2004 Item / week ended Dec. 12 Nov. 5 Nov. 12 Nov. 19 Nov. 26 Dec. 3 Dec. 10 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) 10.50-11.00 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) 5.00-5.75 5.00-5.50 5.00-5.50 5.00-5.75 5.00-5.75 5.25-6.25 5.25

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 Dec. 10 Mar. 21 Dec. 12 1 2 3 4 5 6 7 1. Bank Credit 8,40,785 10,13,366 1,72,581 7,29,215 7,72,371 43,156 (20.5) (5.9) A. Food Credit 35,961 43,193 7,232 49,479 35,507 –13,973 B. Non-Food Credit 8,04,824 9,70,173 1,65,349 6,79,736 7,36,865 57,128 (20.5) (8.4) [9,37,490] [1,32,667] [16.5] 2. Investments 88,985 91,849 @ 2,864 92,854 90

Foreign 2003 2004 2003 2004 Currency Dec. 19 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 17 Dec. 19 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 17 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 45.5200 44.3500 44.0900 44.1300 43.8900 44.0300 (Based on Middle Rates) Euro 56.5400 58.8600 58.6000 58.7300 58.8700 58.4200 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 45.5100 44.3300 44.0950 44.1

(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# Dec. 10# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,03,102 21,52,037 12,916 0.6 1,76,621 10.3 1,48,935 7.4 2,16,823 12.9 2,57,457 13.6 M3 (21,48,468) (1,45,366) (7.3) (2,53,888) (13.4) Components (i+ii+iii+iv) (i) Currency with the Public 3,15,493 3,45,214 2,114 0.6 32,167 11.8 29,721 9.4 38,600 1

(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 Dec. 17# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,512 4,58,194 5,389 1.2 23,353 6.3 21,681 5.0 47,089 13.6 65,779 16.8 Components (i+ii+iii) (i) Currency in circulation 3,27,028 3,55,731 –1,533 –0.4 30,558 10.8 28,703 8.8 41,044 15.1 42,700 13.6 (ii) Bankers' deposits with RBI 1,04,365

(Rs. crore) REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+) Repo 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 Dec. 13, 2004 1 — — — — — 27 8,515 27 8,515 4.75 –8,515 8,515 Dec. 14, 2004 1 — — — — — 9 3,325 9 3,325 4.75 –3,325 3,325 Dec. 15, 2004 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 Com- Com- 10+11) Price Price Date of Issue petitive petitive 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 Nov.27 Nov.28 Nov.29 Nov.30 Dec. 1 Dec. 2 Dec. 3 Dec. 4 Dec. 5 Dec. 6 Dec. 7 Dec. 8 Dec. 9 Dec. 10 Dec. 10, 2004 88,923 1,77,845 2,68,944 3,63,356 4,57,101 5,51,309 6,42,310 7,33,668 8,25,025 9,11,230 9,95,106 10,83,679 11,68,480 12,52,565 Dec. 11 Dec. 12 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 17 Dec. 18 Dec. 19 Dec. 20 Dec. 21 Dec. 22 Dec. 23 Dec. 24 Dec. 24, 2004 83,712 1,67,423 2,58,499 3,54,521 4,51,743 5,48,4

(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. 29, 2004 4,785 129 4.50 — 6.26 Nov. 12, 2004 5,425 920 3.90 — 7.00@: 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 Nov. 15, 2004 9,193 480 5.10 — 6.23 Nov. 30, 2004 10,150 1,935 5.40 — 7.00@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Dec. 6 Oct. 9* Dec. 4# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 176.7 188.5 189.1 –0.3 –0.6 4.9 7.0 Primary Articles 22.02 181.5 190.2 187.8 –1.1 –2.4 3.7 3.5 (i) Fruits and Vegetables 2.92 199.0 221.1 206.8 –4.6 –10.5 19.5 3.9 Fuel, Power, Light and Lubricants 14.23 255.9 281.2 289.2 –0.2 –0.7 10.0 13.0 Manufactured Products 63.75 157.4 167.2 167.2 — 0.1 3.5 6.2 (i) Sugar, Khandsa

2003 2004 Dec. 17 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 17 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 5418.23 6268.72 6325.53 6402.29 6420.38 6346.48 S & P CNX NIFTY (3.11.1995=1000) 1733.25 1985.35 2006.80 2028.70 2033.20 2012.10+:Market closed

(Rs. crore) WeekEnded Nov. 5, 2004 Nov. 12, 2004 Nov. 19, 2004 Nov. 26, 2004 Dec. 3, 2004 Dec. 10, 2004 Dec. 17, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 5,416 4,289 6,844 5,385 5,999 4,658 7,476 (b) Lendings 4,806 4,266 5,675 5,578 6,322 4,653 8,094 2. Primary Dealers (a) Borrowings 1,611 1,539 1,029 1,631 2,042 1,595 2,088 (b) Lendings 98 170 75 129 115 24 36 3. Non-Bank Institutions (a) Lendings 2,122 1,392 2,122 1,309 1,599 1,576 1,434 4. Total (a) Borrowings

(Rs. crore) WeekEnded Items Nov. 12, 2004 Nov. 19, 2004 Nov. 26, 2004 Dec. 3, 2004 Dec. 10, 2004 Dec. 17, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 24,064 16,662 19,372 28,713 28,077 30,763 (b) State Government Securities 821 711 920 648 1,504 1,869 (c) 91 – Day Treasury Bills 6,089 3,121 4,004 4,113 5,109 4,284 (d) 364 – Day Treasury Bills 3,635 5,539 5,587 8,684 6,574 5,065 II. RBI* 98 35 130 31 30 231 @ :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. 29, 2004 1,126 742 189 171 154 77 1,740 2,947 103 1,012 565 38 Nov. 30, 2004 980 885 288 97 214 131 2,510 2,736 124 868 733 8 Dec. 1, 2004 994 688 101 109 75 75 2,458 2,367 106 694 300 5 Dec. 2, 2004 794 696 98 150 61 121 2,586 1,98

(Rs. crore) WeekEnded Nov. 13, 2004 Nov. 20, 2004 Nov. 27, 2004 Dec. 4, 2004 Dec. 11, 2004 Dec. 18, 2004 1 2 3 4 5 6 7 Amount 112.79 133.49 137.76 554.13 435.37 419.87 Source : National Stock Exchange of India Ltd.

(Rs. crore) Dec. 17, 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 — 14,482 34,220 48,702 1,487 29,308 State Governments 11,477 2,280 — 13,757 –2,951 6,301 Others 50 5,550 6,906 12,507 –327 –1,750

(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 Dec. 17, 2004) Dec. 19, 2003) Dec. 17, 2004) Dec. 19, 2003) 1 2 3 4 5 6 7 1. Total 93,000 $ 1,09,434 1,35,934 58,684 $ 77,316 88,807 of which : 1.1 Devolvement/Private Placement on RBI 847 5,000 21,500 2. RBI's OMO Sales 1,728 36,517 41,849 Purchases — — — $ : Includes Rs.25,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Dec. 10, 2004 For the Week Ended Dec. 17, 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 — — — — — — 2005-06 464 5.4225 5.6568 401 5.4453 5.7243 2006-07 635 5.8817 5.9462 175 5.7877 5.8583 2007-08 57 6.0299 6.2715 50 6.1297 6.3409 2008-09 392 6.4201 6.5562 132 6.4410 6.5378