(Rs.crore) 2003 2004 Variation Item Jul. 4 Jun. 25 Jul. 2# Week Year 1 2 3 4 5 6 Notes issued 2,95,178 3,34,037 3,33,264 –773 38,086 Notes in circulation 2,95,152 3,34,012 3,33,237 –775 38,085 Notes held in Banking Department 26 24 27 3 1 Deposits Central Government 100 100 101 — 1 Market Stabilisation Scheme — 37,812 39,295 1,483 39,295 State Governments 41 41 41 — — Scheduled Commercial Banks 61,690 78,388 72,652 –5,736 10,962 Scheduled State Co-operative Banks 1,62

Variation over Item As on Jul. 2, 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 5,51,882 1,20,078 3,943 671 61,753 7,119 81,410 16,927 1,63,805 36,325 (a) Foreign Currency Assets 5,27,242 1,14,718 3,391 589* 61,027 7,270 82,010 17,101 1,60,890 35,643 (b) Gold 18,655 4,057 551 83 439 –141 –570 –158 1,473 359 (c) SDRs 8 2 — — –2 — –5 –1 2 1 (d) Re

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Jun. 25# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 38,628 925 –549 1,803 2,904 –1,278 Borrowings from Banks (1) 15,860 478 –1,684 892 –1,334 –2,095 Other demand and time liabilities(2) 3,249 732 174 642 217 821 Liabilities to Others Aggregate deposits@ 15,59,933 10,637 63,622 58,002 1,47,081 2,15,45

(per cent per annum) 2003 2004 Item / week ended Jun. 27 May 21 May 28 Jun. 4 Jun. 11 Jun. 18 Jun. 25 1 2 3 4 5 6 7 8 Cash Reserve Ratio (per cent)(1) 4.50 4.50 4.50 4.50 4.50 4.50 4.50 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 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 Deposit Rate(4) 5.00-6.00 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) Item 2004 2003 Mar. 19 Jun. 25 Mar. 21 Jun. 27 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,77,408 42,026 7,29,215 7,32,893 3,678 (5.0) (0.5) A. Food Credit 35,961 43,061 7,100 49,479 50,066 586 B. Non-Food Credit 7,99,420 8,34,347 34,926 6,79,736 6,82,827 3,091 (4.4) (0.5) 2. Investments £ 89,049 86,609 @ –2,440 92,854 88,148 + –4,705 A. Commercial Paper 3,924

Foreign 2003 2004 2003 2004 Currency Jul. 4 Jun. 28 Jun. 29 Jun. 30 Jul. 1 Jul. 2 Jul. 4 Jun. 28 Jun. 29 Jun. 30 Jul. 1 Jul. 2 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 46.3300 45.8400 45.9600 45.9800 45.8800 45.9600 (Based on Middle Rates) Euro 53.1100 55.6400 55.8700 55.5400 55.7900 55.8900 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 46.3300 45.8300 45.9500 45.9700 45

(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# Jun. 25# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 20,00,349 20,76,750 10,198 0.5 89,476 5.2 76,401 3.8 1,99,203 12.4 2,68,072 14.8 Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,29,836 –5,708 –1.7 15,758 5.8 13,077 4.1 31,856 12.5 42,696 14.9 (ii) Demand deposits with banks 2,5

8. Reserve Money : Components and Sources (Rs. crore) Outstanding as onVariation over Financial year so far Year-on-year 2004 Week 2003-20042004-20052003 2004ItemMar. 31#Jul. 2#Amount%Amount%Amount%Amount%Amount%1 2345678910111213 Reserve Money4,36,4294,24,577–4,988–1.24,4621.2–11,852–2.730,2518.851,05413.7Components (i+ii+iii) (i)Currency in circulation3,27,0233,40,550–775–0.219,8347.013,5264.134,65712.938,24212.7(ii)Bankers' deposits with RBI1,04,36578,912–5,788–6.8

9. Repo/Reverse Repo Auctions under Liquidity Adjustment Facility(Rs. crore) REPO REVERSE REPO Net injection(+) Repo OutstandingLAF periodBids ReceivedBids AcceptedCut-OffBids ReceivedBids AcceptedCut-Offabsorption(-) of Amount @Date (Day(s))NumberAmountNumberAmountRate(%)NumberAmountNumberAmountRate(%)liquidity (11-6) 1 234567891011121314Jun.28, 200474420,8254420,8254.50—————–20,82560,990Jun.28, 20041473,29573,2954.50—————–3,29564,285Jun.29, 200474520,3504520,3504.50

10. Auctions of 91-Day Government of India Treasury Bills(Rs. crore)Date ofDate ofNotifiedBids ReceivedBids AcceptedDevolvement onTotalWeigh-ImplicitAmountAuctionIssueAmount Total Face Value Total Face Value IssuetedYieldatOutstanding Number Number PDs/SDs*RBI(8+9+AverageCut-offas on the Com-Non- Com-Non- 10+11)PricePriceDate of Issue petitiveCom- petitiveCom- petitive petitive (per cent)(FaceValue)1 2 34567891011121314152003-2004 Oct.1Oct.350024730—16500———50098.904.

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Number Total Face Value Total Face Value Issue ted Yieldat Outstanding Number PDs/SDs* RBI (8+9+ Average Cut-off as on the Com- Non- Com- Non- 10+11)PricePriceDate of Issue petitive Com- petitive Com- petitive$ petitive$ (per cent) (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Oct. 1 Oct. 3 1,000 46 1,615 — 40 1,000 — — — 1,000

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Jun. 12 Jun. 13 Jun. 14 Jun. 15 Jun. 16 Jun. 17 Jun. 18 Jun. 19 Jun. 20 Jun. 21 Jun. 22 Jun. 23 Jun. 24 Jun. 25 Jun. 25, 2004 78,631 1,57,263 2,32,544 3,06,099 3,80,047 4,52,500 5,22,293 5,98,256 6,74,219 7,51,957 8,29,697 9,07,061 9,84,954 10,63,230 Jun. 26 Jun. 27 Jun. 28 Jun. 29 Jun. 30 Jul. 1 Jul. 2 Jul. 3 Jul. 4 Jul. 5 Jul. 6 Jul. 7 Jul. 8 Jul. 9 Jul.9, 2004 79,498 1,58,997 2,36,574 3,16,955 3,9

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 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 Apr. 2, 2004 4,626 191 3.75 — 5.16 May 14, 2004 4,703 30 4.08 — 4.61 May 28, 2004 4,764 73 1.09 — 4.73 @: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 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 Apr. 15, 2004 9,590 810 4.66 — 6.20 Jun. 15, 2004 10,354 1,024 4.50 — 6.05 Jun. 30, 2004 10,910 1,094 4.60 — 6.20 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Jun. 21 Apr. 24* Jun. 19# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.8 181.2 184.0 0.3 1.2 2.1 5.9 Primary Articles 22.02 184.8 184.6 187.3 0.1 0.4 3.4 1.4 (i) Fruits and Vegetables 2.92 217.2 208.8 207.8 — –0.5 20.1 –4.3 Fuel, Power, Light and Lubricants 14.23 246.1 263.2 270.2 1.8 2.0 2.8 9.8 Manufactured Products 63.75 153.8 161.7 163.7 — 1.2 1.3 6.4 (i) Sugar, Khandsari and G

2003 2004 Jul. 2 Jun. 28 Jun. 29 Jun. 30 Jul. 1 Jul. 2 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3601.39 4837.60 4841.38 4795.46 4874.05 4870.58 S & P CNX NIFTY (3.11.1995=1000) 1133.80 1514.35 1518.30 1505.60 1537.20 1537.50

(Rs. crore) WeekEnded May 21, 2004 May 28, 2004 Jun. 4, 2004 Jun. 11, 2004 Jun. 18, 2004 Jun. 25, 2004 Jul. 2, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 2,502 2,631 2,769 3,098 2,463 3,104 1,691 (b) Lendings 1,770 1,910 2,529 4,045 2,480 2,941 1,633 2. Primary Dealers (a) Borrowings 2,711 2,556 2,565 3,957 3,361 3,203 1,386 (b) Lendings 87 88 72 55 77 222 36 3. Non-Bank Institutions (a) Lendings 2,761 2,386 2,262 2,496 2,608 2,688 1,554 4. Total (a) Borrowings 5,21

(Rs. crore) WeekEnded Items May 28, 2004 Jun. 4, 2004 Jun. 11, 2004 Jun. 18, 2004 Jun. 25, 2004 Jul. 2, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 32,722 43,203 49,371 40,449 38,987 29,201 (b) State Government Securities 1,571 827 1,536 2,197 1,299 671 (c) 91 – Day Treasury Bills 6,136 6,263 3,906 4,778 3,322 5,742 (d) 364 – Day Treasury Bills 4,326 3,100 5,797 2,057 4,879 3,862 II. RBI* 87 60 — — — 189 @ :Excluding Repo Transactio

(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 Jun. 14, 2004 490 308 116 11 38 28 1076 1469 73 603 169 8 Jun. 15, 2004 502 217 151 33 67 56 1104 1548 82 515 142 4 Jun. 16, 2004 600 165 121 30 92 41 1455 1189 33 807 158 3 Jun. 17, 2004 527 200 353 8 30 28 1391 1335 88 960 182 7 Jun. 1

(Rs. crore) WeekEnded May 29, 2004 Jun. 5, 2004 Jun. 12, 2004 Jun. 19, 2004 Jun. 26, 2004 Jul. 3, 2004 1 2 3 4 5 6 7 Amount 346.71 128.33 252.70 564.00 587.20 401.18 Source : National Stock Exchange of India Ltd.

(Rs. crore) Jul. 2, 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 — 14,672 25,447 40,119 200 20,726 State Governments 10,257 1,200 — 11,457 3,814 4,001 Others 499 11,368 5,918 17,785 1,301 3,528

22. Government of India : Long and Medium Term Borrowings(Devolvement/Private Placement on RBI and OMO Sales/Purchases)(Face Value in Rs. crore) Gross Amount RaisedNet Amount Raised 2004-20052003-20042003-20042004-20052003-20042003-2004 (Upto(Upto (Upto(Upto Jul. 2, 2004)Jul. 4, 2003) Jul. 2, 2004)Jul. 4, 2003) 1 2345671.Total51,000 $56,0001,35,93427,724 $46,71388,807 of which : 1.1 Devolvement/Private Placement on RBI—5,00021,500 2.RBI's OMO Sales6195,67741,849 Purch

23. Secondary Market Transactions in Government Securities (Face Value) @(Amount in Rs. crore) For the Week Ended Jun. 25, 2004For the Week Ended Jul. 2, 2004Item AmountYTM (%PA) Indicative**AmountYTM (%PA) Indicative** MinimumMaximum MinimumMaximum1 23 456 7I.OutrightTransactions 1.Govt. of India Dated Securities Maturing in the year 2004-05—— —— — — 2005-06504.56664.78172704.63474.8324 2006-074304.88725.0435784.94625.2908 2007-081865.01735.31271255.16935.1912 2008-0