(Rs.crore) 2003 2004 Variation Item Sep. 26 Sep. 17 Sep. 24# Week Year 1 2 3 4 5 6 Notes issued 2,84,918 3,29,855 3,26,825 –3,030 41,907 Notes in circulation 2,84,889 3,29,838 3,26,809 –3,029 41,920 Notes held in Banking Department 29 17 16 –1 –13 Deposits Central Government 100 9,099 11,996 2,897 11,896 Market Stabilisation Scheme — 52,256 52,255 –1 52,255 State Governments 41 398 41 –357 — Scheduled Commercial Banks 65,937 75,323 83,561 8,238 17,624 Scheduled State

Variation over Item As on Sep. 24, 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 5,45,794 1,18,769 3,138 410 55,665 5,810 75,322 15,618 1,30,591 28,250 (a) Foreign Currency Assets 5,20,619 1,13,326 3,110 407* 54,404 5,878 75,387 15,709 1,27,957 27,723 (b) Gold 19,186 4,140 — — 970 –58 –39 –75 2,128 420 (c) SDRs 6 1 — — –4 –1 –7 –2 –10 –3 (d) Res

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Sep. 17# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 35,562 –1,017 –1,478 –1,271 632 –3,414 Borrowings from Banks (1) 18,057 4,328 –755 3,031 –1,886 –826 Other demand and time liabilities(2) 3,016 717 399 389 737 363 Liabilities to Others Aggregate deposits@ 15,85,653 –3,667 94,804 81,237 1,47,966 2,0

(per cent per annum) 2003 2004 Item / week ended Sep. 19 Aug. 13 Aug. 20 Aug. 27 Sep. 3 Sep. 10 Sep. 17 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 10.25-10.75 Deposit Rate(4) 4.75-6.00 4.25-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.0

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 Sep. 17 Mar. 21 Sep. 19 1 2 3 4 5 6 7 1. Bank Credit 8,40,785 9,19,250 78,465 7,29,215 7,35,478 6,262 (9.3) (0.9) A. Food Credit 35,961 38,189 2,228 49,479 37,465 –12,014 B. Non-Food Credit 8,04,824 8,81,060 76,237 6,79,736 6,98,013 18,277 (9.5) (2.7) 2. Investments £ 88,985 85,639 @ –3,346 92,854 90,201 + –2,652 A. Commercial Paper

Foreign 2003 2004 2003 2004 Currency Sep. 26 Sep. 20 Sep. 21 Sep. 22 Sep. 23 Sep. 24 Sep. 26 Sep. 20 Sep. 21 Sep. 22 Sep. 23 Sep. 24 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 45.8700 45.9400 45.8600 45.7900 45.9400 45.9400 (Based on Middle Rates) Euro 52.6300 55.8600 55.8500 56.3700 56.3400 56.3800 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 45.8600 45.9300 45.8500 45.7

(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# Sep. 17# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,03,102 20,97,242 –3,600 –0.2 1,19,876 7.0 94,139 4.7 1,97,438 12.0 2,59,407 14.1 M3 Components (i+ii+iii+iv) (i) Currency with the Public 3,15,493 3,25,995 328 0.1 11,898 4.4 10,502 3.3 32,486 12.9 42,516 15.0 (ii) Demand deposits with banks 2,56

(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 Sep. 24# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,512 4,28,747 5,457 1.3 –1,052 –0.3 –7,765 –1.8 29,738 8.8 60,738 16.5 Components (i+ii+iii) (i) Currency in circulation 3,27,028 3,34,148 –3,028 –0.9 9,644 3.4 7,120 2.2 35,232 13.7 42,031 14.4 (ii) Bankers' deposits with RBI 1,04,365 9

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off 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 Sep. 20, 2004 1 26 9,335 26 9,335 4.50 — — — — — –9,335 7 12 3,220 12 3,220 4.50 — — — — — –3,220 14 4 820 4 820 4.50 — — — — — –820 18,705 Sep. 21, 2004 1 14 4,88

(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 2003-2004 Jan. 7 Jan. 9 500 35 892 — 17 500 — — — 500 98.96

(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 2003-2004 Jan. 7 Jan. 9 1,000 33 1,350 3 25 1,000 3 — — 1,

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Sep. 4 Sep. 5 Sep. 6 Sep. 7 Sep. 8 Sep. 9 Sep. 10 Sep. 11 Sep. 12 Sep. 13 Sep. 14 Sep. 15 Sep. 16 Sep. 17 Sep. 17, 2004 79,868 1,59,736 2,38,839 3,16,619 3,95,846 4,73,794 5,50,840 6,30,004 7,09,097 7,87,854 8,61,969 9,42,074 10,17,087 10,92,236 Sep. 18 Sep. 19 Sep. 20 Sep. 21 Sep. 22 Sep. 23 Sep. 24 Sep. 25 Sep. 26 Sep. 27 Sep. 28 Sep. 29 Sep. 30 Oct. 1 Oct. 1, 2004 74,730 1,49,460 2,30,587 3,17,044

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 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 Jul. 9, 2004 5,529 166 4.14 — 6.75 Aug. 20, 2004 4,480 11 4.50 — 5.00 Sep. 3, 2004 4,842 644 4.50 — 5.75 @: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 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 Jul. 15, 2004 10,688 954 4.63 — 7.00 Aug. 31, 2004 10,956 1,055 4.60 — 7.69 Sep. 15, 2004 11,095 664 4.68 — 7.00@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Sep. 13 Jul. 17* Sep. 11# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 175.4 186.6 189.2 0.1 0.9 4.9 7.9 Primary Articles 22.02 180.6 189.5 193.9 –0.3 0.7 7.1 7.4 (i) Fruits and Vegetables 2.92 197.5 190.4 221.3 –0.9 5.6 27.9 12.1 Fuel, Power, Light and Lubricants 14.23 254.6 274.7 281.6 — 1.1 7.2 10.6 Manufactured Products 63.75 156.0 165.9 167.0 0.2 0.8 3.3 7.1 (i) Sugar, Khandsari a

2003 2004 Sep. 24 Sep. 20 Sep. 21 Sep. 22 Sep. 23 Sep. 24 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 4356.39 5545.82 5605.93 5616.87 5539.48 5527.75 S & P CNX NIFTY (3.11.1995=1000) 1372.05 1728.80 1750.20 1753.90 1726.15 1722.50+:Market closed

(Rs. crore) WeekEnded Aug. 13, 2004 Aug. 20, 2004 Aug. 27, 2004 Sep. 3, 2004 Sep. 10, 2004 Sep. 17, 2004 Sep. 24, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 4,406 2,506 4,760 2,580 4,918 5,971 9,132 (b) Lendings 4,791 3,358 3,649 1,421 3,277 5,111 10,722 2. Primary Dealers (a) Borrowings 3,695 3,023 1,937 1,800 2,175 2,970 4,430 (b) Lendings 116 40 51 48 49 61 52 3. Non-Bank Institutions (a) Lendings 2,137 2,047 1,949 1,821 2,333 2,004 2,788 4. Total (a) Borrowings

(Rs. crore) WeekEnded Items Aug. 20, 2004 Aug. 27, 2004 Sep. 3, 2004 Sep. 10, 2004 Sep. 17, 2004 Sep. 24, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 20,356 44,734 45,312 49,155 39,635 43,880 (b) State Government Securities 585 403 721 1,493 1,092 1,104 (c) 91 – Day Treasury Bills 2,196 8,492 8,385 5,184 5,898 5,795 (d) 364 – Day Treasury Bills 737 3,941 4,386 1,536 4,335 1,993 II. RBI* 9 29 86 12 5 — @ :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- PositionDate lation lation 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Sep. 6, 2004 332 112 40 36 86 45 524 1,113 69 375 92 25 Sep. 7, 2004 469 181 24 40 61 92 734 1,258 132 611 183 9 Sep. 8, 2004 546 262 28 22 76 81 836 1,794 121 673 158 9 Sep. 9, 2004 600 142 51 22 123 91 871 1,579 81 752 204 28 Sep. 10,

(Rs. crore) WeekEnded Aug. 21, 2004 Aug. 28, 2004 Sep. 4, 2004 Sep. 11, 2004 Sep. 17, 2004 Sep. 25, 2004 1 2 3 4 5 6 7 Amount 204.59 163.62 477.04 235.42 338.49 446.87 Source : National Stock Exchange of India Ltd.

(Rs. crore) Sep. 24, 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 — 16,466 28,354 44,820 288 25,426 State Governments 7,434 1,270 — 8,704 425 1,249 Others 348 7,013 8,767 16,128 –327 1,871

(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 Sep. 24, 2004) Sep. 26, 2003) Sep. 24, 2004) Sep. 26, 2003) 1 2 3 4 5 6 7 1. Total 79,000 $ 94,434 1,35,934 45,224 $ 62,316 88,807 of which : 1.1 Devolvement/Private Placement on RBI 847 5,000 21,500 2. RBI's OMO Sales 857 22,330 41,849 Purchases — — — $ : Includes Rs.25,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Sep. 17, 2004 For the Week Ended Sep. 24, 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 — — — — — — 2005-06 610 5.0152 5.2213 320 5.1293 5.2363 2006-07 300 5.3339 5.8294 462 5.3677 5.5922 2007-08 265 5.7402 5.9060 937 5.6920 6.0083 2008-09 550 5.7947 6.2427 2,057 5.8841 6.