(Rs. crore) Item 1997 1998 Variation over Oct. 10 Oct. 2 Oct. 9 Week Year 1 2 3 4 5 6 Notes in circulation 1,42,640 1,55,312 1,58,426 3,114 15,786 Notes issued 1,42,673 1,55,356 1,58,466 3,110 15,793 Notes held in Banking Department 33 44 40 -4 7 Deposits : Central Government 50 51 51 - 1 State Governments 15 15 8 -7 -7 Scheduled Commercial Banks 54,446 71,089 67,492 -3,597 13,046 Scheduled State Co-operative Banks 608 750 560 -190 -48 Other Banks 999 1,100 1,052 -48

Variation over As on Oct. 16, 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 1,25,251 29,602 314 137 9,346 235 17,956 2,247 17,145 -308 of which : (a) Foreign Currency Assets 1,12,510 26,603 313 137 10,003 628 18,532 2,638 17,928 431 (b) Gold 12,678 2,984 - - -716 -407 -335 -329 -737 -724 (c) SDRs 63 15 1 - 59 14 -241 -62 -46 -15 Note:

(Rs. crore) Outstanding Item as on Variation over 1998 Financial year so far Oct. 9# Fortnight 1997-98 1998-99 Year 1 2 3 4 5 6 Liabilities to the Banking System Demand and time deposits from banks 28,499 1,843 2,331 4,817 8,772 Borrowings from Banks(1) 11,927 2,349 3,261 4,767 5,408 Other demand and time liabilities(2) 756 214 -73 -689 290 Liabilities to Others Aggregate deposits 6,71,973 @ 7,967 37,687 66,563 1,28,687 (1.2) (7.5) (11.0) (23.7) Demand 1,00,595 1,082

(Per cent per annum) 1997 1998 Item / week ended Oct. 10 Sept. 11 Sept. 18 Sept. 25 Oct. 2 Oct. 9 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 0.10/6.50 3.00/9.50 7.50/12.50 4.0/8.40 7.25/9.50 4.00/8.30 1. Medium Term Lending Rate (MTLR

(Rs. crore) 1998-99 1997-98 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 1998 1997 Mar. 27 Oct. 9 Mar. 28 Oct. 10 1 2 3 4 5 6 7 1. Bank Credit 3,24,079 3,34,514 10,436 2,78,401 2,84,542 6,141 (3.2) (2.2) A. Food Credit 12,485 15,949 3,464 7,597 9,052 1,455 B. Non-Food Credit 3,11,594 3,18,565 6,972 2,70,805 2,75,490 4,686 (2.2) (1.7) 2. Investments 33,084 40,832 @ 7,747 19,411 26,851+ 7,440 A. Commercial Paper 2,066 4,395 2,330 65

Foreign 1997 1998 1997 1998 Currency Oct. 17 Oct. 12 Oct. 13 Oct. 14 Oct. 15 Oct. 16 Oct. 17* Oct. 12 Oct . 13 Oct . 14 Oct. 15 Oct. 16 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@ 36.2000 42.3600 42.3500 42.3400 42.2900 42.3000 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.2000 42.3550 42.3500 42.3300 42.2850 42.2900 2.7620 2.3607 2.3613 2.3618 2.3646 2.3641 Dollar

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Fortnight 1997-98 1998-99 Year Mar. 31# Sept. 25# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 M3 8,25,389 8,95,718 @ 8,077 0.9 48,804 7.0 70,329 8.5 1,45,066 19.3 Components (i+ii+iii+iv) (i) Currency with the Public 1,45,182 1,51,437 -1,729 -1.1 3,295 2.5 6,254 4.3 16,055 11.9 (ii) Demand deposits with banks 1,18,435 1,14,556 3,724 3.4 -1,761 -1.7 -3,880 -3.3 10,983 10.6 (iii

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Week 1997-98 1998-99 Year Mar. 31# Oct. 9# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,34,576 -778 -0.3 5,640 2.8 8,343 3.7 28,951 14.1 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,61,948 3,114 2.0 8,556 6.2 11,125 7.4 16,175 11.1 of which : cash with banks 5,641 3,825* (ii) Bankers' deposits with RBI 71,806 69,104 -3,836 -5.3 -3,521 -5

(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 - 2,350 10 100 2,460 99.81 4.9494 7,860 Jan. 2, '98 Jan. 3, '98 - 35 100 - 135 99.73 7.0

(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 Jul. 17, 1998 7,287 807 8.00 - 12.50 Jul. 31, 1998 8,236 696 8.00 - 12.82 @ : 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 Sep. 15, 1998 4,786 668 7.65 - 14.00 Sep. 30, 1998 4,588 691 10.25 - 13.25 @ : Typical effective discount rate range per annum on issues during the fortnight.

1997 1998 Percentage Variation over Item / Week ended Weight Oct. 4 Aug. 8* Oct. 3# Week Month End Year March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 330.7 352.3 357.9 0.4 0.6 6.2 8.2 Primary Articles 32.30 339.3 378.1 391.7 0.8 1.5 12.6 15.4 (i) Fruits and Vegetables 4.09 387.5 490.2 569.2 5.4 8.7 56.2 46.9 Fuel, Power, Light and Lubricants 10.66 378.5 379.9 379.9 - - -1.1 0.4 Manufactured Products 57.04 316.9 332.5 334.7 0.2 0.2 3.8 5.6 (i) Sugar, Khandsari and Gur

1997 1998 Oct. 16 Oct. 12 Oct. 13 Oct. 14 Oct. 15 Oct. 16 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 4,077.05 2,872.48 2,832.03 2,890.72 2,857.27 2,848.11 S & P CNX NIFTY (3.11.1995=1000) 1,168.35 835.80 816.75 843.55 835.65 839.50 Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.

(Rs. crore) Fortnight Ended Apr. 24, '98 May 8, '98 May 22, '98 Jun. 5, '98 Jun. 19, '98 Jul. 3, '98 Jul. 17, '98 1 2 3 4 5 6 7 8 1. Banks a) Borrowing 7,132 7,739 8,483 8,207 8,710 9,539 9,102 b) Lending 5,280 5,279 6,055 5,787 6,081 6,294 7,127 2. Primary Dealers a) Borrowing 3,631 3,124 3,799 4,101 4,195 4,978 4,465 b) Lending 1,329 1,404 1,627 1,896 1,753 2,079 1,697 3. Non-Bank Institutions a) Lending 4,045 3,460 4,981 4,712 5,344 5,918 4,803

(Rs. crore) Week Ended Items Sept. 11, 98 Sept. 18, 98 Sept. 25, 98 Oct. 2, 98 Oct. 9, 98 Oct. 16, 98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 3,134 2,492 2,550 2,410 3,740 1,915 b. State Government Securities 111 87 1 11 47 2 c. 14 - Day Treasury Bills 20 - 50 106 164 1,069 d. 91 - Day Treasury Bills 272 370 298 434 1,395 1,441 e. 364 -Day Treasury Bills 209 821 617 429 96 752 II. RBI* 104 3 - 42 342 216 @ : Excluding Repo Transaction

(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. 28, 1998 340 71 80 176 109 193 371 629 128 1,193 281 52 Sept. 29, 1998 179 66 96 234 86 221 317 480 125 1,063 226 50 Oct. 5, 1998 357 51 61 34 149 50 811 651 80 985 283 107 Oct. 6, 1998 295 65 29 102 94 109 564 741 73 1,081 154 86 Oct. 7,

(Rs. crore) Week Ended Sept. 12, '98 Sept. 19, '98 Sept. 26, '98 Oct. 3, '98 Oct. 10, '98 Oct. 17, '98 1 2 3 4 5 6 7 Amount 14.79 18.66 17.04 9.39 2.78 10.88 Source: National Stock Exchange of India Ltd.

1997 1998 Item As on Friday Oct. 17 Sept. 18 Sept. 25 Sept. 30 Oct. 9 Oct.16 1 2 3 4 5 6 7 8 Standard Gold Opening 4,440 4,250 4,280 4,305 4,380 4,360 (Rs. per 10 grams) Closing 4,400 4,245 4,300 4,300 4,380 4,360 Silver (999.0 fineness) Opening 7,140 7,535 7,700 7,925 7,650 7,450 (Rs. per kilogram) Closing 7,010 7,535 7,720 7,900 7,650 7,425 Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders October 16, 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 - - 1,776 802 2,579 -262 1,952 Banks 438 - 1,894 4,110 6,442 991 -6,878 State Governments 300 4,607 1,500 - 6,407 561 -1,477 Others 162 368 981 915 2,425 -32 -1,589

(Rs. crore) Gross Amount Repayments Net Amount Raised Raised upto upto 1998-99 1997-98 October 16, 1998 October 16, 1998 (upto (upto October 16, 1998) October 17, 1997) 1 2 3 4 5 Total 64,121 8,803 55,318 27,099

(Rs. crore) For the Week Ended For the Week Ended October 9, 1998 October 16, 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 1998-99 358 10.0174 10.6307 195 9.9839 11.2184 1999-00 240 10.6124 11.3024 281 10.5818 11.3165 2000-01 690 11.3865 11.5367 253 11.3913 11.6862 2001-02 297 11.5790 12.0377 98 11.5629 11.6942 2002-03$ 8