(Rs.crore) 2004 Variation Item Jan. 2 Dec. 24 Dec. 31# Week Year 1 2 3 4 5 6 Notes issued 3,04,927 3,46,230 3,43,671 –2,559 38,744 Notes in circulation 3,04,905 3,46,215 3,43,658 –2,557 38,753 Notes held in Banking Department 22 15 13 –2 –9 Deposits Central Government 101 22,545 6,617 –15,928 6,516 Market Stabilisation Scheme — 52,609 52,608 –1 52,608 State Governments 41 41 41 — — Scheduled Commercial Banks 71,886 89,513 1,06,550 17,037 34,664 Scheduled State Co-oper

Variation over Item As on Dec. 31, 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 5,71,678 1,31,178 –2,726 163 81,549 18,219 1,01,206 28,027 1,00,184 27,759 (a) Foreign Currency Assets 5,45,466 1,25,164 –2,375 115* 79,251 17,716 1,00,234 27,547 99,208 27,279 (b) Gold 19,969 4,582 –347 42 1,753 384 744 367 744 367 (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 Dec. 24# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 33,875 –756 –4,674 –2,958 –1,683 –1,905 Borrowings from Banks (1) 29,661 917 –5,714 14,635 –6,797 15,738 Other demand and time liabilities(2) 3,495 608 122 868 160 1,119 Liabilities to Others Aggregate deposits@ 16,22,579 920 1,41,043 1,18,163 1,61,

(per cent per annum) 2003 2004 Item / week ended Dec. 26 Nov. 19 Nov. 26 Dec. 3 Dec. 10 Dec. 17 Dec. 24 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 5.00-5.75 5.00-5.75 5.25-6.25 5.25-6.25 5.25-6.25 5.2

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 Dec. 24 Mar. 21 Dec. 26 1 2 3 4 5 6 7 1. Bank Credit 8,40,785 10,27,009 1,86,224 7,29,215 7,83,357 54,142 (22.1) (7.4) A. Food Credit 35,961 43,779 7,818 49,479 36,352 –13,127 B. Non-Food Credit 8,04,824 9,83,229 1,78,405 6,79,736 7,47,005 67,269 (22.2) (9.9) [9,50,547] [1,45,723] [18.1] 2. Investments 88,985 91,335 @ 2,350 92,854 89

Foreign 2004 2004 Currency Jan. 2 Dec. 27 Dec. 28 Dec. 29 Dec. 30 Dec. 31 Jan. 2 Dec. 27 Dec. 28 Dec. 29 Dec. 30 Dec. 31 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 45.5900 43.8400 43.7800 43.7400 43.7100 43.5800 (Based on Middle Rates) Euro 57.3000 59.3600 59.5300 59.6100 59.5700 59.4000 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 45.5850 43.8400 43.7650 43.7300 43.7000

(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. 24# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,03,102 21,51,537 –2,265 –0.1 1,83,832 10.7 1,48,435 7.4 2,19,777 13.1 2,49,746 13.1 M3 (21,47,968) (1,44,866) (7.2) (2,46,177) (12.9) Components (i+ii+iii+iv) (i) Currency with the Public 3,15,493 3,41,805 –3,595 –1.0 28,903 10.6 26,313 8.3 39,23

(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. 31# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,512 4,69,294 14,442 3.2 24,961 6.8 32,782 7.5 50,947 14.8 75,271 19.1 Components (i+ii+iii) (i) Currency in circulation 3,27,028 3,51,032 –2,558 –0.7 29,704 10.5 24,004 7.3 40,399 14.9 38,855 12.4 (ii) Bankers' deposits with RBI 1,04,36

(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. 27, 2004 1 2 195 2 195 6.00 2 220 2 220 4.75 –25 25 Dec. 28, 2004 1 3 450 3 450 6.00 3 210 3 210 4.75 240 –240 Dec. 29, 2004 1 2 140

(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 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 5,48,492 6,39,460 7,24,326 8,09,191 8,98,361 9,91,436 10,85,437 11,70,554 12,59,646 Dec. 25 Dec. 26 Dec. 27 Dec. 28 Dec. 29 Dec. 30 Dec. 31 Jan. 1 Jan. 2 Jan. 3 Jan. 4 Jan. 5 Jan. 6 Jan. 7 Jan. 7, 2005 89,092 1,78,183 2,67,825 3,58,992 4,52,209 5

(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 Nov. 12, 2004 5,425 920 3.90 — 7.00 Nov. 26, 2004 6,118 114 4.45 — 6.00@: 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 Dec. 15, 2004 11,724 2,178 5.35 — 6.75 Dec. 31, 2004 12,107 1,408 5.10 — 7.10@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Dec. 20 Oct. 23* Dec. 18# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 177.0 189.2 188.5 –0.1 –0.8 4.5 6.5 Primary Articles 22.02 180.7 192.1 185.8 –0.1 –3.4 2.6 2.8 (i) Fruits and Vegetables 2.92 188.6 233.8 195.3 –0.9 –15.3 12.9 3.6 Fuel, Power, Light and Lubricants 14.23 258.4 282.4 288.8 — –0.3 9.9 11.8 Manufactured Products 63.75 157.6 167.4 167.0 –0.2 — 3.3 6.0 (i) Sugar, Khandsa

2003 2004 Dec. 31 Dec. 27 Dec. 28 Dec. 29 Dec. 30 Dec. 31 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 5838.96 6513.03 6563.48 6567.94 6522.54 6602.69 S & P CNX NIFTY (3.11.1995=1000) 1879.75 2062.60 2071.35 2069.60 2059.80 2080.50+Market closed.

(Rs. crore) WeekEnded Nov. 19, 2004 Nov. 26, 2004 Dec. 3, 2004 Dec. 10, 2004 Dec. 17, 2004 Dec. 24, 2004 Dec. 31, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 6,844 5,385 5,999 4,658 7,476 6,621 11,460 (b) Lendings 5,675 5,578 6,322 4,653 8,094 6,631 11,405 2. Primary Dealers (a) Borrowings 1,029 1,631 2,042 1,595 2,088 2,247 3,202 (b) Lendings 75 129 115 24 36 176 69 3. Non-Bank Institutions (a) Lendings 2,122 1,309 1,599 1,576 1,434 2,061 3,188 4. Total (a) Borrowin

(Rs. crore) WeekEnded Items Nov. 26, 2004 Dec. 3, 2004 Dec. 10, 2004 Dec. 17, 2004 Dec. 24, 2004 Dec. 31, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 19,372 28,713 28,077 30,763 26,266 25,056 (b) State Government Securities 920 648 1,504 1,869 2,349 945 (c) 91 – Day Treasury Bills 4,004 4,113 5,109 4,284 5,230 6,960 (d) 364 – Day Treasury Bills 5,587 8,684 6,574 5,065 2,590 5,487 II. RBI* 130 31 30 231 — 183 @ :Excluding Repo Transa

(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 Dec. 13, 2004 552 495 133 80 264 162 1,958 1,603 110 826 325 15 Dec. 14, 2004 657 381 174 53 58 178 1,812 1,815 74 732 220 5 Dec. 15, 2004 634 374 97 31 127 95 1,671 1,512 61 967 267 1 Dec. 16, 2004 805 608 147 96 79 55 2,107 1,939 148 1

(Rs. crore) WeekEnded Nov. 27, 2004 Dec. 4, 2004 Dec. 11, 2004 Dec. 18, 2004 Dec. 25, 2004 Jan. 1, 2005 1 2 3 4 5 6 7 Amount 137.76 554.13 435.37 419.87 176.06 320.30 Source : National Stock Exchange of India Ltd.

(Rs. crore) Dec. 31, 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 — 14,809 34,846 49,655 555 30,262 State Governments 10,329 2,280 — 12,609 –1,312 5,153 Others 39 5,223 6,280 11,542 –567 –2,715

(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. 31, 2004) Jan. 2, 2004) Dec. 31, 2004) Jan. 2, 2004) 1 2 3 4 5 6 7 1. Total 93,000 $ 1,18,934 1,35,934 58,684 $ 86,816 88,807 of which : 1.1 Devolvement/Private Placement on RBI 847 14,500 21,500 2. RBI's OMO Sales 1,910 36,674 41,849 Purchases — — — $ : Includes Rs.25,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Dec. 24, 2004 For the Week Ended Dec. 31, 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 — — — — — — 2005-06 293 5.5488 6.0022 265 5.5837 5.7224 2006-07 427 5.8414 6.0001 1,457 5.7984 5.9620 2007-08 270 6.0600 6.1504 364 5.9502 6.1310 2008-09 146 6.3350 6.5325 340 6.2995 6.