(Rs.crore) 2003 2004 Variation Item Aug. 29 Aug. 20 Aug. 27# Week Year 1 2 3 4 5 6 Notes issued 2,85,293 3,29,061 3,27,262 –1,799 41,969 Notes in circulation 2,85,272 3,29,048 3,27,247 –1,801 41,975 Notes held in Banking Department 21 13 15 2 –6 Deposits Central Government 101 897 100 –797 –1 Market Stabilisation Scheme — 49,441 51,635 2,194 51,635 State Governments 41 371 41 –330 — Scheduled Commercial Banks 66,919 82,459 77,038 –5,421 10,119 Scheduled State Co-opera

Variation over Item As on Aug. 27, 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 5,44,301 1,17,522 –6,808 –1,370 54,172 4,563 73,829 14,371 1,44,318 30,308 (a) Foreign Currency Assets 5,19,139 1,12,101 –6,755 –1,360* 52,924 4,653 73,907 14,484 1,40,310 29,477 (b) Gold 19,150 4,123 — — 934 –75 –75 –92 2,410 495 (c) SDRs 7 1 — — –3 –1 –6 –2 –9 –2

(Rs. crore) Item Outstanding as on 2004 Aug. 20# Variation over Financial year so far Year-on-year Fortnight 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 36,747 –294 –2,584 –86 113 –1,123 Borrowings from Banks (1)Other demand and time liabilities(2) 13,353 –481 –2,128 –1,674 –1,762 –4,158 3,395 876 205 768 337 937 Liabilities to Others Aggregate deposits@ 15,93,183 10,534 82,015 88,767 1,45,333 2,30,

(per cent per annum) 2003 2004 Item / week ended Aug. 22 Jul. 16 Jul. 23 Jul. 30 Aug. 6 Aug. 13 Aug. 20 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 4.25-5.50 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 Aug. 20 Mar. 21 Aug. 22 1 2 3 4 5 6 7 1. Bank Credit 8,40,785 9,02,970 62,185 7,29,215 7,26,658 –2,557 (7.4) (–0.4) A. Food Credit 35,961 39,926 3,965 49,479 41,283 –8,197 B. Non-Food Credit 8,04,824 8,63,043 58,220 6,79,736 6,85,376 5,639 (7.2) (0.8) 2. Investments £ 88,985 86,695 @ –2,290 92,854 88,976 + –3,878 A. Commercial Paper

Foreign 2003 2004 2003 2004 Currency Aug. 29 Aug. 23 Aug. 24 Aug. 25 Aug. 26 Aug. 27 Aug. 29 Aug. 23 Aug. 24 Aug. 25 Aug. 26 Aug. 27 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 45.8500 46.2500 46.2900 46.3300 46.3500 46.3100 (Based on Middle Rates) Euro 49.9100 56.8700 56.2500 55.9800 55.9400 56.1300 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 45.8450 46.2400 46.2900 46.3

(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# Aug. 20# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,03,102 21,06,337 8,628 0.4 1,06,422 6.2 1,03,235 5.2 1,93,672 11.9 2,81,956 15.5 M3 Components (i+ii+iii+iv) (i) Currency with the Public 3,15,493 3,24,353 –779 –0.2 12,575 4.6 8,861 2.8 32,518 12.9 40,197 14.1 (ii) Demand deposits with banks 2,5

(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 Aug. 27# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,512 4,22,320 –7,445 –1.7 –212 –0.1 –14,192 –3.3 44,978 13.9 53,471 14.5 Components (i+ii+iii) (i) Currency in circulation 3,27,028 3,34,560 –1,801 –0.5 10,010 3.5 7,532 2.3 34,585 13.4 42,077 14.4 (ii) Bankers' deposits with RBI 1,04,36

(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 Aug. 23, 2004 1 39 17,855 39 17,855 4.50 — — — — — –17,855 7 15 7,000 15 7,000 4.50 — — — — — –7,000 14 4 1,755 4 1,755 4.50 — — — — — –1,755 31,560 Aug. 24, 2004

(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 Issue ted Yieldat Outstanding 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) (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 Issue ted Yieldat Outstanding Com- Non- Com- Non- PDs/SDs* RBI (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 Aug. 7 Aug. 8 Aug. 9 Aug. 10 Aug. 11 Aug. 12 Aug. 13 Aug. 14 Aug. 15 Aug. 16 Aug. 17 Aug. 18 Aug. 19 Aug. 20 Aug. 20, 2004 73,495 1,46,991 2,18,438 2,88,163 3,63,775 4,50,423 5,36,265 6,20,081 7,03,898 7,80,699 8,55,207 9,29,458 10,10,109 10,92,584 Aug. 21 Aug. 22 Aug. 23 Aug. 24 Aug. 25 Aug. 26 Aug. 27 Aug. 28 Aug. 29 Aug. 30 Aug. 31 Sep. 1 Sep. 2 Sep. 3 Sep.3, 2004 81,773 1,63,546 2,46,716 3,30,442

(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 Jul. 9, 2004 5,529 166 4.14 — 6.75 Jul. 23, 2004 5,478 28 4.02 — 6.75@: 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. 15, 2004 11,097 988 4.65 — 6.50 Aug. 31, 2004 10,956 1,055 4.60 — 7.69@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Aug. 16 Jun. 19* Aug. 14# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.8 185.3 187.6 0.2 1.6 4.0 7.9 Primary Articles 22.02 178.2 190.1 192.5 0.4 3.7 6.3 8.0 (i) Fruits and Vegetables 2.92 184.0 207.0 209.5 5.4 12.0 21.1 13.9 Fuel, Power, Light and Lubricants 14.23 249.5 271.7 278.5 — 1.5 6.0 11.6 Manufactured Products 63.75 155.4 164.4 165.7 0.2 0.8 2.5 6.6 (i) Sugar, Khandsari an

2003 2004 Aug. 27 Aug. 23 Aug. 24 Aug. 25 Aug. 26 Aug. 27 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 4205.56 5033.69 5067.39 5088.56 5135.45 5117.01 S & P CNX NIFTY (3.11.1995=1000) 1340.30 1578.20 1591.60 1595.70 1610.75 1609.00+:Market closed

(Rs. crore) WeekEnded Jul. 16, 2004 Jul. 23, 2004 Jul. 30, 2004 Aug. 6, 2004 Aug. 13, 2004 Aug. 20, 2004 Aug. 27, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 2,521 2,055 3,109 3,087 4,406 2,506 4,760 (b) Lendings 1,932 1,597 1,920 2,144 4,791 3,358 3,649 2. Primary Dealers (a) Borrowings 2,547 2,335 2,027 2,152 3,695 3,023 1,937 (b) Lendings 47 72 13 53 116 40 51 3. Non-Bank Institutions (a) Lendings 1,865 2,057 2,043 2,080 2,137 2,047 1,949 4. Total (a) Borrowings 5

(Rs. crore) WeekEnded Items Jul. 23, 2004 Jul. 30, 2004 Aug. 6, 2004 Aug. 13, 2004 Aug. 20, 2004 Aug. 27, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 25,557 23,881 24,910 26,063 20,356 44,734 (b) State Government Securities 1,610 988 556 188 585 403 (c) 91 – Day Treasury Bills 5,166 6,048 6,793 6,368 2,196 8,492 (d) 364 – Day Treasury Bills 2,456 4,092 3,498 2,054 737 3,941 II. RBI* 6 12 11 45 9 29@ :Excluding Repo Transactions.*: R

(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 Aug. 9, 2004 575 136 55 69 176 81 757 769 144 567 248 68 Aug. 10, 2004 468 240 138 9 21 31 1,359 1,398 130 468 122 2 Aug. 11, 2004 474 217 137 27 71 125 1,348 1,601 144 589 168 4 Aug. 12, 2004 529 259 130 14 25 29 1,381 1,273 218 484 179

(Rs. crore) WeekEnded Jul. 24, 2004 Jul. 31, 2004 Aug. 7, 2004 Aug. 14, 2004 Aug. 21, 2004 Aug. 28, 2004 1 2 3 4 5 6 7 Amount 386.26 342.30 191.73 237.11 204.59 163.62 Source : National Stock Exchange of India Ltd.

(Rs. crore) Aug. 27, 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 — 16,345 27,351 43,696 1,785 24,303 State Governments 7,629 1,170 — 8,799 1,205 1,343 Others 438 8,429 7,771 16,638 1,934 2,381

(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 Aug. 27, 2004) Aug. 29, 2003) Aug. 27, 2004) Aug. 29, 2003) 1 2 3 4 5 6 7 1. Total 69,000 $ 88,434 1,35,934 43,224 $ 56,316 88,807 of which : 1.1 Devolvement/Private Placement on RBI 217 5,000 21,500 2. RBI's OMO Sales 754 17,223 41,849 Purchases — — — $ : Includes Rs.25,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Aug. 20, 2004 For the Week Ended Aug. 27, 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 — — — 10 5.5153 — 2005-06 1,181 5.0400 5.5046 1,549 5.1869 5.4883 2006-07 245 5.4075 5.7494 423 5.4898 5.6517 2007-08 190 5.9449 6.0730 450 5.8345 6.1482 2008-09 52 6.1828 6.9572 338 6.