(Rs. crore) Item 1997 1998 Variation over Sept. 26 Sept. 18 Sept. 25 Week Year 1 2 3 4 5 6 Notes in circulation 1,36,811 1,53,463 1,53,109 -354 16,298 Notes issued 1,36,835 1,53,491 1,53,151 -340 16,316 Notes held in Banking Department 24 27 42 15 18 Deposits : Central Government 51 50 50 - -1 State Governments 14 14 13 -1 -1 Scheduled Commercial Banks 56,771 70,759 62,795 -7,964 6,024 Scheduled State Co-operative Banks 758 715 811 96 53 Other Banks 912 1,075 1,048 -2

Variation over As on Sept. 30, 1998 Week End-March 1998 End-December 1997 Year Item 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 1,24,116 29,182 97 -26 8,211 -185 16,821 1,827 17,325 -314 of which : (a) Foreign Currency Assets 1,11,377 26,184 -68 -69 8,870 209 17,399 2,219 18,109 426 (b) Gold 12,678 2,984 165 43 -716 -407 -335 -329 -737 -724 (c) SDRs 61 14 - - 57 13 -243 -63 -47 -16 No

(Rs. crore) Outstanding Item as on Variation over 1998 Financial year so far Sept. 25# Fortnight 1997-98 1998-99 Year 1 2 3 4 5 6 Liabilities to the Banking System Demand and time deposits from banks 26,656 63 2,062 2,974 7,198 Borrowings from Banks(1) 9,578 982 4,467 2,418 1,853 Other demand and time liabilities(2) 542 -134 -23 -903 26 Liabilities to Others Aggregate deposits 6,64,006 @ 9,173 40,949 58,596 1,17,458 (1.4) (8.1) (9.7) (21.5) Demand 99,513 3,669 -343 -3

(Per cent per annum) 1997 1998 Item / week ended Sept. 26 Aug. 28 Sept. 4 Sept. 11 Sept. 18 Sept. 25 1 2 3 4 5 6 7 Bank Rate 10.00 9.00 9.00 9.00 9.00 9.00 I.D.B.I.1 14.50 14.00 14.00 14.00 14.00 14.00 Prime Lending Rate2 13.50 12.75-13.0 12.75-13.0 12.75-13.0 12.75-13.0 12.75-13.0 Deposit Rate3 10.0-12.0 9.0-11.5 9.0-11.5 9.0-11.5 9.0-11.5 9.0-11.5 Call Money Rate (Low / High)4 0.10/10.50 0.50/30.0 0.50/30.0 8.50/21.0 3.00/9.50 4.0/8.40 1. Medium Term Lending Rate (M

(Rs. crore) 1998-99 1997-98 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 1998 1997 Mar. 27 Sept. 25 Mar. 28 Sept. 26 1 2 3 4 5 6 7 1. Bank Credit 3,24,079 3,28,132 4,053 2,78,401 2,79,734 1,333 (1.3) (0.5) A. Food Credit 12,485 16,079 3,594 7,597 8,903 1,307 B. Non-Food Credit 3,11,594 3,12,053 459 2,70,805 2,70,831 26 (0.1) (-) 2. Investments £ 33,084 40,095 @ 7,011 19,411 26,022+ 6,611 A. Commercial Paper 2,070 4,319 2,249 652 3

Foreign 1997 1998 1997 1998 Currency Oct.3 Sept.28 Sept.29 Sept.30++ Oct.1+ Oct.2+ Oct.3* Sept.28 Sept.29 Sept.30++ Oct.1+ Oct.2+ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100@ 36.1700 42.5300 42.4900 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.1700 42.5300 42.4850 2.7643 2.3513 2.3535 Dollar Selling 36.1800 42.5400 42.4950 Pound Buying 58.3425 72.2125 72.5725 1.713

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Fortnight 1997-98 1998-99 Year Mar. 31# Sept. 11# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 M3 8,25,389 8,86,535 @ 4,936 0.6 40,432 5.8 61,145 7.4 1,44,254 19.4 Components (i+ii+iii+iv) (i) Currency with the Public 1,45,182 1,52,877 3,196 2.1 7,984 6.0 7,695 5.3 12,806 9.1 (ii) Demand deposits with banks 1,18,435 1,10,931 -393 -0.4 -6,909 -6.6 -7,504 -6.3 12,507 12.7 (iii) T

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Week 1997-98 1998-99 Year Mar. 31# Sept. 25# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,24,776 -8,131 -3.5 2,536 1.3 -1,457 -0.6 22,255 11.0 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,56,349 -355 -0.2 2,727 2.0 5,526 3.7 16,405 11.7 of which : cash with banks 5,641 3,805 * (ii) Bankers' deposits with RBI 71,806 64,654 -7,894 -10.9 -1

(Rs. crore) Date of Date of Notified Competitive Devolvement Non-Compe- Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Bids on PDs and titive Bids Issue Average at Cut-off ding as on the Accepted RBI Accepted (4+5+6) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Face Value) (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 Oct. 3, '97 Oct. 4, '97 - 2350 10 100 2460 99.81 4.9494 7,860 Jan. 2, '98 Jan. 3, '98 - 35 100 - 135 99.73 7.039

(Rs. crore) Date of Date of Notified Competitive Devolvement Non-Compe- Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Bids on PDs and titive Bids Issue Average at Cut-off ding as on the Accepted RBI Accepted (4+5+6) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Face Value) (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 Oct. 3, '97 Oct. 4, '97 300 205 95 - 300 98.31 6.8762 4,200 Jan. 2, '98 Jan. 3, '98 200 - - 200 200 98.23 7.2076

(Rs. crore) Date of Date of Notified Bids Devolvement Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Accepted on PDs and Issue Average at Cut-off ding as on the RBI (4+5) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Per cent) (Face Value) 1 2 3 4 5 6 7 8 9 Oct. 8, '97 Oct. 10, '97 - 2,092 - 2,092 92.23 8.4716 16,769 Jan. 14, '98 Jan. 16, '98 - - - - - - 17,517 @ Apr. 7, '98 Apr. 11, '98 100 6 94 100 92.61 7.9797 14,339 Jul. 1,

(Rs. crore) Fortnight ended Total Amount Issued during Rate of Interest Outstanding # the fortnight # (Per cent)@ 1 2 3 4 Jul. 4, 1997 9,219 296 8.00 - 14.25 Oct. 10, 1997 7,572 631 7.50 - 12.00 Jan. 2, 1998 6,876 811 6.50 - 11.75 Apr. 10, 1998 14,584 627 8.25 - 24.00 Jun. 19, 1998 9,754 613 6.50 - 13.65 Jul. 3, 1998 7,886 645 6.00 - 12.75 @ : Effective interest rate range per annum.

(Rs. crore) Fortnight ended Total Amount Reported during Rate of Interest Outstanding the fortnight (Per cent)@ 1 2 3 4 Oct. 15, 1997 3,377 325 8.45 - 11.00 Jan. 15, 1998 5,249 1,205 8.05 - 11.75 Apr. 15, 1998 1,030 338 11.75 - 18.00 Jul. 15, 1998 3,912 772 8.20 - 13.50 Aug. 31, 1998 5,107 1,014 7.65 - 15.25 Sep. 15, 1998 4,786 668 7.65 - 14.00 @ : Typical effective discount rate range per annum on issues during the fortnight.

1997 1998 Percentage Variation over Item / Week ended Weight Sept.20 Jul.25* Sep.19# Week Month End Year March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 328.5 353.2 356.6 0.2 1.0 5.8 8.6 Primary Articles 32.30 335.3 382.2 388.9 0.8 2.1 11.8 16.0 (i) Fruits and Vegetables 4.09 369.9 527.5 539.5 1.1 9.8 48.1 45.9 Fuel, Power, Light and Lubricants 10.66 369.6 379.8 379.9 - - -1.1 2.8 Manufactured Products 57.04 317.0 331.8 333.9 -0.1 0.4 3.6 5.3 (i) Sugar, Khandsari and G

1997 1998 Oct. 1 Sept. 28 Sept. 29 Sept. 30 Oct. 1+ Oct. 2+ 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3,905.51 3,206.92 3,146.83 3,102.29 S & P CNX NIFTY (3.11.1995=1000) 1,117.10 927.90 908.40 904.95 Note : NSE - 50, i.e. Nifty has since been rechristened as 'S&P CNX Nifty' with effect from July 28, 1998. + : Market closed.

(Rs. crore) Fortnight Ended Apr. 10, '98 Apr. 24, '98 May 8, '98 May 22, '98 Jun. 5, '98 Jun. 19, '98 Jul. 3, '98 1 2 3 4 5 6 7 8 1. Banks a) Borrowing 6,583 7,132 7,739 8,483 8,207 8,710 9,539 b) Lending 5,207 5,280 5,279 6,055 5,787 6,081 6,294 2. Primary Dealers a) Borrowing 2,799 3,631 3,124 3,799 4,101 4,195 4,978 b) Lending 663 1,329 1,404 1,627 1,896 1,753 2,079 3. Non-Bank Institutions a) Lending 3,142 4,045 3,460 4,981 4,712 5,344 5,918

(Rs. crore) Week Ended Items Aug.28,98 Sept.4,98 Sept.11,98 Sept.18,98 Sept.25,98 Oct.2,98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 5,679 3,739 3,134 2,492 2,550 2,410 b. State Government Securities 94 95 111 87 1 11 c. 14 - Day Treasury Bills 43 30 20 - 50 106 d. 91 - Day Treasury Bills 96 457 272 370 298 434 e. 364 -Day Treasury Bills 219 187 209 821 617 429 II. RBI* 2,261 543 104 3 - 42 @ : Excluding Repo Transactions. * : RBI's sal

(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- Position Date lation lation 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Sept. 21, 1998 206 52 63 46 38 67 261 535 81 1,203 229 27 Sept. 22, 1998 222 52 78 44 36 75 337 521 66 1,102 189 37 Sept. 23, 1998 197 93 115 58 133 65 494 914 139 815 278 43 Sept. 24, 1998 182 49 74 59 101 93 370 657 90 1,204 386 19 Sept. 25,

(Rs. crore) Week Ended Aug. 29, '98 Sept. 5, '98 Sept. 12, '98 Sept. 19, '98 Sept. 26, '98 Oct. 3, '98 1 2 3 4 5 6 7 Amount 25.85 26.30 14.79 18.66 17.04 9.39 Source: National Stock Exchange of India Ltd.

1997 1998 Item As on Friday Oct. 3 Sept. 4 Sept. 11 Sept. 18 Sept. 25 Sept. 30 1 2 3 4 5 6 7 8 Standard Gold Opening 4,550 4,150 4,245 4,250 4,280 4,305 (Rs. per 10 grams) Closing 4,530 4,160 4,255 4,245 4,300 4,300 Silver (999.0 fineness) Opening 7,200 7,460 7,580 7,535 7,700 7,925 (Rs. per kilogram) Closing 7,195 7,470 7,625 7,535 7,720 7,900 Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders October 2, 1998 Variation in Total Treasury Bills Treasury Bills of Different Maturities Total Over the Over End 14 day 14 day 91 Day 364 Day (2+3+4+5) Week March (Auction) (Intermediate) 1 2 3 4 5 6 7 8 Reserve Bank of India 125 - 2,200 962 3,287 -350 2,661 Banks 47 - 1,050 5,815 6,912 114 -6,409 State Governments 200 6,086 1,750 - 8,036 2,142 152 Others 29 373 991 742 2,135 -34 -1,879

(Rs. crore) Gross Amount Repayments Net Amount Raised Raised upto upto 1998-99 1997-98 October 2, 1998 October 2, 1998 (upto (upto October 2, 1998) October 3, 1997) 1 2 3 4 5 Total 61,121 8,803 52,318 27,099

(Rs. crore) For the Week Ended For the Week Ended September 25, 1998 October 2, 1998 Items Amount YTM (%PA) Amount YTM (%PA) Indicative Indicative Minimum Maximum Minimum Maximum 1 2 3 4 5 6 7 I. Outright Transactions 1. Govt. of India Dated Securities Maturing in the year 1998-99 111 10.1050 10.4613 89 10.4340 10.5322 1999-00 154 10.2068 11.1265 20 10.5251 10.7614 2000-01 217 11.1887 11.3962 825 10.6620 11.4634 2001-02 330 11.4100 11.6174 135 11.5601 11.6369 2002-03$