(Rs.crore) 2003 2004 Variation Item Jun. 6 May 28 Jun. 4# Week Year 1 2 3 4 5 6 Notes issued 2,97,988 3,35,796 3,38,647 2,851 40,659 Notes in circulation 2,97,951 3,35,770 3,38,626 2,856 40,675 Notes held in Banking Department 37 27 21 –6 –16 Deposits Central Government 101 101 101 — — Market Stabilisation Scheme — 30,701 32,185 1,484 32,185 State Governments 41 41 41 — — Scheduled Commercial Banks 64,989 73,335 70,899 –2,436 5,910 Scheduled State Co-operative Banks 1

Variation over Item As on Jun. 4, 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 5,40,968 1,19,678 –2,468 –142 50,839 6,719 70,496 16,527 1,55,206 37,303 (a) Foreign Currency Assets 5,16,986 1,14,403 –1,940 77* 50,771 6,955 71,754 16,786 1,51,797 36,405 (b) Gold 18,104 3,974 –494 –217 –112 –224 –1,121 –241 828 301 (c) SDRs 8 2 — — –2 — –5 –1 2 1

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight May 28# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 38,248 –495 –108 1,423 3,555 –2,098 Borrowings from Banks (1) 14,867 998 –2,077 –100 –2,601 –2,693 Other demand and time liabilities(2) 2,444 –888 2,308 –163 1,228 –2,118 Liabilities to Others Aggregate deposits@ 15,48,382 4,559 50,429 46,451 1,39,46

(per cent per annum) 2003 2004 Item / week ended May 30 Apr. 23 Apr. 30 May 7 May 14 May 21 May 28 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 6.00 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) 5.25-6.00 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.5

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 May 28 Mar. 21 May 30 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,64,705 29,323 7,29,215 7,30,370 1,154 (3.5) (0.2) A. Food Credit 35,961 43,512 7,551 49,479 51,047 1,568 B. Non-Food Credit 7,99,420 8,21,193 21,772 6,79,736 6,79,322 –414 (2.7) (–0.1) 2. Investments £ 89,049 87,030 @ –2,018 92,854 88,237 + –4,616 A. Commercial Paper 3,924

Foreign 2003 2004 2003 2004 Currency Jun. 6 May 31 Jun. 1 Jun. 2 Jun. 3 Jun. 4 Jun. 6 May 31 Jun. 1 Jun. 2 Jun. 3 Jun. 4 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 46.8200 45.5600 45.4500 45.4200 45.3100 45.1900 (Based on Middle Rates) Euro 55.4400 55.5800 55.6500 55.7700 55.3100 55.1400 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 46.8200 45.5500 45.4600 45.4100 45.3000

(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# May 28# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 20,00,349 20,66,190 –442 — 72,795 4.2 65,841 3.3 1,86,773 11.6 2,74,193 15.3 Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,31,941 –4,821 –1.4 18,100 6.7 15,183 4.8 32,035 12.4 42,460 14.7 (ii) Demand deposits with banks 2,51,371

(Rs. crore) Outstanding as on Variation over 2004 Week Financial year so far Year-on-year 2003-2004 2004-2005 2003 2004 Item Mar. 31# Jun. 4# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,26,762 461 0.1 9,554 2.6 –9,667 –2.2 36,212 10.6 48,147 12.7 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,45,917 2,856 0.8 22,619 8.0 18,894 5.8 33,370 12.3 40,825 13.4 (ii) Bankers' deposits with RBI 1,04,365 77,2

(Rs. crore) REPO REVERSE REPO 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 May 31, 2004 7 45 21,205 45 21,205 4.50 — — — — — –21,205 63,960 May 31, 2004 14 7 3,555 7 3,555 4.50 — — — — — –3,555 67,515 Jun. 1,2004 7 42 13,000 42 13,000 4.5

(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 Number PDs/SDs* RBI (8+9+ Average Cut-off as on the Com- Non- Com- Non- 10+11) Price Price Date 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. 3 500 24 730 — 16 500 — — — 500 98.90 4

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue AmountNumber Total Face ValueNumber Total Face ValuePDs/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) (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 9

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 May 15 May 16 May 17 May 18 May 19 May 20 May 21 May 22 May 23 May 24 May 25 May 26 May 27 May 28 May 28, 2004 77,020 1,54,039 2,28,107 2,99,704 3,71,267 4,47,534 5,27,037 6,07,116 6,87,195 7,68,607 8,42,993 9,16,197 9,89,983 10,63,502 May 29 May 30 May 31 Jun. 1 Jun. 2 Jun. 3 Jun. 4 Jun. 5 Jun. 6 Jun. 7 Jun. 8 Jun. 9 Jun. 10 Jun. 11 Jun. 11, 2004 72,458 1,44,917 2,23,839 3,04,405 3,84,895 4,63,099 5

(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 Mar. 19, 2004 4,461 246 3.87 — 5.16 Apr. 16, 2004 4,813 198 4.64 — 6.00 Apr. 30, 2004 4,725 50 3.50 — 4.45 @: 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 May 15, 2004 10,322 1,340 4.47 — 5.95 May 31, 2004 10,328 902 4.56 — 7.00 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight May 24 Mar. 27* May 22# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.2 180.3 181.9 0.2 0.4 0.9 5.0 Primary Articles 22.02 180.2 181.1 186.6 0.9 1.2 3.0 3.6 (i) Fruits and Vegetables 2.92 188.8 173.0 208.8 2.8 3.0 20.7 10.6 Fuel, Power, Light and Lubricants 14.23 246.4 262.8 264.9 0.3 0.5 0.8 7.5 Manufactured Products 63.75 154.4 161.6 161.7 –0.1 0.1 0.1 4.7 (i) Sugar, Khandsari and

2003 2004 Jun. 4 May 31 Jun. 1 Jun. 2 Jun. 3 Jun. 4 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3216.49 4749.12 4835.12 4923.69 4817.99 4889.00 S & P CNX NIFTY (3.11.1995=1000) 1021.05 1483.60 1507.90 1535.20 1495.10 1521.10 +:Market closed

(Rs. crore) WeekEnded Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 May 14, 2004 May 21, 2004 May 28, 2004 Jun. 4, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 2,808 1,899 2,277 2,584 2,502 2,631 2,769 (b) Lendings 2,317 2,041 2,245 2,809 1,770 1,910 2,529 2. Primary Dealers (a) Borrowings 4,177 3,512 5,227 4,154 2,711 2,556 2,565 (b) Lendings 113 36 78 136 87 88 72 3. Non-Bank Institutions (a) Lendings 2,707 2,265 3,458 2,688 2,761 2,386 2,262 4. Total (a) Borrowings 6,985

(Rs. crore) WeekEnded Items Apr. 30, 2004 May 7, 2004 May 14, 2004 May 21, 2004 May 28, 2004 Jun. 4, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 46,406 43,692 54,461 50,287 32,722 43,203 (b) State Government Securities 945 499 441 469 1,571 827 (c) 91 – Day Treasury Bills 2,388 4,560 6,091 4,452 6,136 6,263 (d) 364 – Day Treasury Bills 3,465 2,196 3,714 3,500 4,326 3,100 II. RBI* — 10 14 5 87 60 @ :Excluding Repo Transactions.*: RBI

(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 May 17, 2004 573 383 133 11 51 42 3322 3221 124 593 150 8 May 18, 2004 482 278 99 4 16 16 1264 2302 128 589 169 5 May 19, 2004 509 329 92 35 52 22 1547 1883 72 601 175 9 May 20, 2004 531 263 101 16 25 29 1565 1693 57 914 166 2 May 21, 20

(Rs. crore) WeekEnded May 1, 2004 May 8, 2004 May 15, 2004 May 22, 2004 May 29, 2004 Jun. 5, 2004 1 2 3 4 5 6 7 Amount 341.07 303.35 336.80 388.88 346.71 128.33 Source : National Stock Exchange of India Ltd.

(Rs. crore) Jun. 4, 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 — 10,260 24,922 35,182 129 15,789 State Governments 9,901 1,100 — 11,001 3,276 3,545 Others 562 9,779 5,214 15,555 1,373 1,299

(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 Jun. 4, 2004) Jun. 6, 2003) Jun. 4, 2004) Jun. 6, 2003) 1 2 3 4 5 6 7 1. Total 34,000 $ 44,000 1,35,934 28,467 $ 36,713 88,807 of which : 1.1 Devolvement/Private Placement on RBI — 5,000 21,500 2. RBI's OMO Sales 429 5,605 41,849 Purchases — — — $ : Includes Rs.15,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended May 28, 2004 For the Week Ended Jun. 4, 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 1,070 4.4880 4.6086 1,726 4.5083 4.7700 2006-07 125 4.5683 4.8002 1,080 4.6181 4.7700 2007-08 145 4.6999 4.7495 134 4.8409 4.9648 2008-09 451 4.7728 5.0735 46 4.8704 4