(Rs. crore) Item 1997 1998 Variation over Sept. 12 Sept. 4 Sept. 11 Week Year 1 2 3 4 5 6 Notes in circulation 1,41,532 1,54,477 1,55,053 576 13,521 Notes issued 1,41,550 1,54,508 1,55,085 577 13,535 Notes held in Banking Department 18 31 32 1 14 Deposits : Central Government 51 51 51 - - State Governments 14 13 12 -1 -2 Scheduled Commercial Banks 53,132 68,785 72,039 3,254 18,907 Scheduled State Co-operative Banks 631 671 859 188 228 Other Banks 891 1,102 1,091 -11 2

Item Variation over As on Sept. 18, 1998 Week End-March 1998 End-December 1997 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 1,23,707 29,090 241 42 7,802 -277 16,412 1,735 16,991 -214 of which : (a) Foreign Currency Assets 1,11,133 26,135 241 42 8,626 160 17,155 2,170 18,128 602 (b) Gold 12,513 2,941 - - -881 -450 -500 -372 -1,042 -787 (c) SDRs 61 14 - - 57 13 -243 -63 -95 -29 Note: 1.

(Rs. crore) Item Outstanding as on Variation over 1998 Fortnight Financial Year so far Year Sept. 11# 1997-98 1998-99 1 2 3 4 5 6 Liabilities to the Banking System Demand and time deposits from banks 26,593 466 1,092 2,911 8,105 Borrowings from Banks(1) 8,596 1,055 2,754 1,436 2,584 Other demand and time liabilities(2) 676 118 -34 -769 171 Liabilities to Others Aggregate deposits 6,54,833 @ 2,635 30,602 49,423 1,18,632 (0.4) (6.1) (8.2) (22.1) Demand 95,844 -401 -5,28

(Per cent Per Annum) Item/Week ended 1997 1998 Sept. 12 August 14 August 21 August 28 Sept. 4 Sept. 11 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 0.10/10.25 5.00/7.30 5.00/30.0 0.50/30.0 8.50/21.0 3.00/9.50 (1) Medium Term Lending Rat

(Rs. crore) Item 1998-99 1997-98 Outstanding as on Variations (3) - (2) Outstanding as on Variations (6) - (5) 1998 1997 Mar. 27 Sept. 11 Mar. 28 Sept. 12 1 2 3 4 5 6 7 1. Bank Credit 3,24,079 3,23,820 -258 2,78,401 2,76,352 -2,049 (-0.1) (-0.7) A. Food Credit 12,485 16,025 3,540 7,597 8,700 1,103 B. Non-Food Credit 3,11,594 3,07,795 -3,798 2,70,805 2,67,652 -3,153 (-1.2) (-1.2) 2. Investments £ 33,084 40,014@ 6,930 19,411 24,827+ 5,416 A. Commercial Paper 2,070 4,463

Foreign currency 1997 1998 1997 1998 Sept. 19 Sept. 14 Sept. 15 Sept. 16 Sept. 17 Sept. 18 Sept. 19* Sept. 14 Sept. 15 Sept. 16 Sept. 17 Sept. 18 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@ 36.4000 42.4900 42.5100 42.4900 42.4700 42.5300 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.3950 42.4800 42.5100 42.4900 42.4800 42.5250 2.7473 2.3535 2.3524 2.3535 2.3546 2.3

(Rs. crore) Item Outstanding as on Variation Over 1998 Fortnight Financial year so far Year 1997-98 1998-99 Mar. 31# Aug. 28# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 M3 8,25,389 8,81,598@ 17,254 2.0 32,112 4.6 56,209 6.8 1,47,638 20.1 Components (i+ii+iii+iv) (i) Currency with the Public 1,45,182 1,49,682 -4,500 -2.9 5,314 4.0 4,500 3.1 12,281 8.9 (ii) Demand deposits with banks 1,18,435 1,11,325 1,000 0.9 -8,323 -7.9 -7,111 -6.0 14,314 14.8 (iii)

(Rs. crore) Item Outstanding as on Variation Over 1998 Week Financial year so far Year 1997-98 1998-99 Mar. 31# Sept. 11# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,35,972 4,045 1.7 3,230 1.6 9,739 4.3 32,756 16.1 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,58,293 575 0.4 7,413 5.4 7,470 5.0 13,663 9.4 of which : cash with banks 5,641 3,898* (ii) Bankers' deposits with RBI 71,806 73,988 3,430 4.9 -4,921 -8.3 2

(Rs. crore) Date of Auction Date of Issue Notified Amount Competitive Bids Accepted (Face Value) Devolvement on PDs and RBI (Face Value) Non-Competitive Bids Accepted (Face Value) Total Issue (4+5+6) (Face Value) Weighted Average Price Implicit Yield at Cut-off Price (per cent) Amount Oustanding as on the Date of Issue (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 7.0390 370

(Rs. crore) Date of Auction Date of Issue Notified Amount Competitive Bids Accepted (Face Value) Devolvement on PDs and RBI (Face Value) Non-Competitive Bids Accepted (Face Value) Total Issue (4+5+6) (Face Value) Weighted Average Price Implicit Yield at Cut-off Price (per cent) Amount Oustanding as on the Date of Issue (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 3,65

(Rs. crore) Date of Auction Date of Issue Notified Amount Bids Accepted (Face Value) Devolvement on PDs and RBI (Face Value) Total Issue (4+5) (Fave Value) Weighted Average Price Implicit Yield at Cut-off Price (per cent) Amount Oustanding as on the Date of Issue (Face Value) 1 2 3 4 5 6 7 8 9 Oct. 8, '97 Oct. 10, '97 - 2092 - 2092 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, '98 Ju

(Rs. crore) Fortnight ended Total Amount Outstanding# Issued during the fortnight# Rate of Interest (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 Outstanding Reported during the fortnight Rate of Interest (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 this fortnight.

Item/Week ended Weight 1997 1998 Percentage Variation over Sept. 6 July 11* Sept. 5# Week Month End March Year 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 329.0 350.5 355.6 0.4 1.1 5.5 8.1 Primary Articles 32.30 336.8 375.7 385.8 0.9 1.8 10.9 14.5 (i) Fruits and Vegetables 4.09 379.6 504.0 523.5 5.2 6.2 43.7 37.9 Fuel, Power, Light and Lubricants 10.66 370.7 379.8 379.9 - - -1.1 2.5 Manufactured Products 57.04 316.8 330.8 333.9 0.1 0.7 3.6 5.4 (i) Sugar, Khandsari and Gu

1997 1998 Sept. 18 Sept. 14 Sept. 15 Sept. 16 Sept. 17 Sept. 18 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3,884.77 3,167.22 3,162.18 3,138.66 3,121,30 3,090.72 S & P CNX NIFTY (3.11.1995=1000) 1,109.35 920.50 920.80 914.50 910.10 901.65 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 Mar. 27, '98 Apr. 10, '98 Apr. 24, '98 May 8, '98 May 22, '98 June 5, '98 June 19, '98 1 2 3 4 5 6 7 8 1. Banks a) Borrowing 8,084 6,583 7,132 7,739 8,483 8,207 8,710 b) Lending 4,023 5,207 5,280 5,279 6,055 5,787 6,081 2. Primary Dealers a) Borrowing 4,398 2,799 3,631 3,124 3,799 4,101 4,195 b) Lending 1,322 663 1,329 1,404 1,627 1,896 1,753 3. Non-Bank Institutions a) Lending 5,786 3,142 4,045 3,460 4,981 4,712 5,344

(Rs. crore) Items Week Ended August 14, '98 August 21, '98 August 28, '98 Sept. 4, '98 Sept. 11, '98 Sept. 18, '98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 10,007 10,561 5,679 3,739 3,134 2,492 b. State Goverment Securities 75 40 94 95 111 87 c. 14 - Day Treasury Bills 1,119 967 43 30 20 - d. 91 -Day Treasury Bills 353 390 96 457 272 370 e. 364 -Day Treasury Bills 598 898 219 187 209 821 II. RBI* 1,746 2,549 2,261 543 104 3 @ : Excludi

(US$ Million) Position Date Merchant Inter-Bank FCY/INR FCY/FCY FCY/INR FCY/FCY Spot Forward Forward Cancellation Spot Forward Forward Cancellation Spot Swap Forward Spot Swap Forward 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Sept. 7, 1998 195 77 50 24 178 53 364 492 76 1,208 194 37 Sept. 8, 1998 151 67 24 28 72 63 294 773 68 1,056 248 38 Sept. 9, 1998 203 33 35 85 106 87 240 605 56 1,198 167 13 Sept. 10, 1998 220 58 56 49 79 67 422 642 60 1,298 196 30 Sept. 11, 1998 19

(Rs. crore) Week Ended August 14, '98 August 22, '98 August 29, '98 Sept. 5, '98 Sept. 12, '98 Sept. 19, '98 1 2 3 4 5 6 7 Amount 91.43 5.37 25.85 26.30 14.79 18.66 Source: National Stock Exchange of India Ltd.

Item As on Friday 1997 1998 Sept. 19 Aug. 21 Aug. 28 Sept. 4 Sept. 11 Sept. 18 1 2 3 4 5 6 7 8 Standard Gold Opening 4,395 4,220 4,095 4,150 4,245 4,250 (Rs. per 10 grams) Closing 4,400 4,210 4,050 4,160 4,255 4,245 Silver (999.0 fineness) Opening 6,825 7,790 7,405 7,460 7,580 7,535 (Rs. per kilogram) Closing 6,805 7,800 7,375 7,470 7,625 7,535 Note: In case Friday is holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders September 18, 1998 Variation in Total Treasury Bills Treasury Bills of Different Maturities Total (2+3+4+5) Over the Week Over End March 14 Day (Auction) 14 Day (Intermediate) 91 Day 364 Day 1 2 3 4 5 6 7 8 Reserve Bank of India 1,000 - 1,975 872 3,847 310 3,221 Banks - - 1,026 5,937 6,963 258 -6,357 State Governments 400 3,610 1,750 - 5,760 -1,458 -2,124 Others - 378 1,005 943 2,327 -219 -1,688

(Rs. crore) Gross Amount Raised upto September 18, 1998 Repayments upto September 18, 1998 Net Amount Raised 1998-99 (upto September 18, 1998) 1997-98 (upto September 19, 1997) 1 2 3 4 5 Total 58,121 8,659 49,462 27,099

(Rs. crore) Items For the Week Ended September 11, 1998 For the Week Ended September 18, 1998 Amount YTM (%PA) Indicative Amount YTM (%PA) 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 1998-99 124 10.2438 10.6156 314 10.3704 10.7041 1999-00 116 10.2570 10.7133 131 10.2439 10.7639 2000-01 95 11.1806 11.5009 215 11.1892 11.3694 2001-02 436 11.5107 11.6702 347 11.5374 12.0105 2002