(Rs. crore) 19981999Variation over Item Feb. 27Feb. 19Feb. 26WeekYear 123456Notes in circulation1,46,5411,70,7271,69,969-75823,428 Notes issued1,46,5741,70,7591,70,004-75523,430 Notes held in Banking Department33323643Deposits : Central Government515150-1-1 State Governments131111—-2 Scheduled Commercial Banks58,36271,98669,884-2,10211,522 Scheduled State Co-operative Banks6856877233638 Other Banks9191,1581,151-7232 Others4,5985,2195,388169790 Other liabilities47,3676

Variation over As on Mar. 5, 1999WeekEnd- March 1998End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.1234567891011Total Reserves1,31,16930,8444558815,2641,4773,31578822,8903,402of which : (a) Foreign Currency Assets1,18,51127,8654498616,0041,8903,81890723,6593,840 (b) Gold12,6242,97162-770-420-184-44-788-442 (c) SDRs348——307-319-75194Note : 1. Foreign currency assets expressed in US dollar terms include the effe

(Rs. crore) Outstanding as on Variation over Item1999 Financial year so far Feb. 26#Fortnight1997-981998-99Year 123456Liabilities to the Banking System Demand and time deposits from banks29,6721673,6965,9908,580 Borrowings from Banks(1)13,1902,4943,0296,0306,902 Other demand and time liabilities(2)750-651,132-695-921Liabilities to Others Aggregate deposits6,95,207 @3,48974,71589,7971,14,893 (0.5)(14.8)(14.8)(19.8) Demand1,02,233660405-28011,218 Time5,92,974 @2,82974,3

(Per cent per annum) 1998 1999 Item / week endedFeb. 27Jan. 29Feb. 5Feb. 12Feb. 19Feb. 261234567Bank Rate11.009.009.009.009.009.00I.D.B.I.114.5014.0014.0014.0014.0014.00Prime Lending Rate214.0012.75-13.0012.75-13.0012.75-13.0012.75-13.0012.75-13.00Deposit Rate310.00-12.009.00-11.509.00-11.509.00-11.509.00-11.509.00-11.50Call Money Rate (Low / High)47.00/9.506.00/ 9.008.65/9.407.00/ 9.608.75/9.507.15/9.751. Medium Term Lending Rate (MTLR).2. Prime Lending Rate relates

(Rs. crore) 1998-991997-98 OutstandingVariationsOutstandingVariations as on(3) - (2)as on(6) - (5) Item19981999 19971998 Mar. 27Feb. 26 Mar. 28Feb. 27 1 2345671.Bank Credit3,24,0793,52,04727,9692,78,4013,13,45635,054 (8.6) (12.6) A.Food Credit12,48517,3364,8517,59712,8685,271 B.Non-Food Credit3,11,5943,34,71123,1172,70,8053,00,58729,783 (7.4) (11.0) 2.Investments £31,91246,877 @14,96518,48434,079 +15,595 A.Commercial Paper2,0454,8942,8496645,4724,808 B.Bonds/Debenture

Foreign Currency 1998 1999 1998 1999 Mar. 6Mar. 1Mar. 2 +Mar. 3Mar. 4Mar. 5Mar. 6Mar. 1Mar. 2 +Mar. 3Mar. 4Mar. 51234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100 @ 39.480042.5100 42.550042.530042.5300 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying39.470042.5100 42.545042.530042.52002.53292.3524 2.35022.35132.3513DollarSelling39.480042.5200 42.555042.540042.5400 Pound{ Buying64.477568.08

(Rs. crore) Outstanding Variation over as on Item Financial year so far 19981999Fortnight1997-981998-99Year Mar. 31#Feb. 12#Amount%Amount%Amount%Amount% 1234567891011M3 8,25,3899,44,1236,6420.787,48612.51,18,73314.41,54,78919.6Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,70,2045,1583.115,28811.625,02117.222,82915.5(ii)Demand deposits with banks1,18,4351,17,191-860-0.7-2,918-2.8-1,245-1.114,77514.4(iii)Time deposits with banks5,58,1676,53,633 @2,3810.4

(Rs. crore) Outstanding Variation over as on Item Financial year so far 19981999Week1997-98 1998-99 Year Mar. 31#Feb. 26#Amount%Amount%Amount%Amount% 1234567891011Reserve Money2,26,2332,48,512-2,663-1.112,4926.222,2799.836,03417.0 Components (i+ii+iii) (i)Currency in circulation1,50,8231,73,530-758-0.412,6289.222,70615.123,68415.8 of which : cash with banks5,6413,998 * (ii)Bankers' deposits with RBI71,80671,758-2,074-2.83910.7-48-0.111,79319.7 (iii)"Other" deposits wi

(Rs. crore)Date of AuctionDate of IssueNotified AmountCompetitive Bids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Non-Compe- titive Bids Accepted (Face Value)Total Issue (4+5+6) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 2345678910Apr.3, ’98Apr.4, ’98100100——10099.727.3004235 Jul.3, '98Jul.4, '98100100——10099.775.9938600 Oct.9, '98Oct.10, '98500500——50099.678.

(Rs. crore)Date of AuctionDate of IssueNotified AmountCompetitive Bids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Non-Compe- titive Bids Accepted (Face Value)Total Issue (4+5+6) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 2345678910Apr.3, ’98Apr.4, ’9810010902512598.207.33201,525 Jul.3, '98Jul.4, '9810020805015098.207.33203,460 Oct.9, '98Oct.10, '98500382118405

(Rs. crore)Date of AuctionDate of IssueNotified AmountBids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Total Issue (4+5) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (Per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 23456789Apr.7, ’98Apr.11, ’9810069410092.617.979714,339 Jul.1, '98Jul.3, '98100—10010092.617.979710,153 @ Oct.7, '98Oct.9, '98400400—40090.3610.71745,827 Jan.13, '99Jan.15, '99750750—75090.5210.49726

(Rs. crore)Fortnight endedTotal Amount Outstanding #Issued during the fortnight #Rate of Interest (Per cent) @1 2 3 4Jan.2, 19986,876 811 6.50 — 11.75Apr.10, 199814,584 627 8.25 — 24.00Jul.17, 19987,287 807 8.00 — 12.50Oct.9, 19986,132 786 7.75 — 13.50Oct.23, 19986,214 639 8.25 — 13.00Nov.6, 19985,858 385 8.25 — 13.63@ : Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal Amount OutstandingReported during the fortnightRate of Interest (Per cent) @1 2 3 4 Apr.15, 1998 1,030 338 11.75 — 18.00 Jul.15, 1998 3,912 772 8.20 — 13.50 Oct.15, 1998 4,803 1,101 9.50 — 13.40 Jan.15, 1999 5,411 1,215 9.75 — 13.00 Feb.15, 1999 5,151 972 10.15 — 12.75 Feb.28, 1998 5,368 762 10.20 — 13.00 @ : Typical effective discount rate range per annum on issues during the fortnight.

19981999Percentage Variation overItem / Week endedWeightFeb. 21Dec. 26 *Feb. 20#WeekMonthEndYear March 123456789ALL COMMODITIES100.00336.8354.8354.1—0.15.05.1Primary Articles32.30350.1381.7382.0-0.2-0.39.89.1(i) Fruits and Vegetables4.09352.8425.7410.8-0.5-3.512.816.4Fuel, Power, Light and Lubricants10.66378.1382.1376.2—0.6-2.1-0.5Manufactured Products57.04321.5334.5334.1—0.13.73.9(i) Sugar, Khandsari and Gur4.06306.3299.1289.3-0.4-1.5-4.3-5.6(ii) Edible Oils2.45302.5

1998 1999 Mar. 5Mar. 1Mar. 2 +Mar. 3Mar. 4Mar. 51234567BSE SENSEX (1978-79=100)3,714.623,523.98 3,640.423,601.963,649.06S & P CNX NIFTY (3.11.1995=1000)1,083.351,015.80 1,051.851,041.201,054.45Note : 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 Aug. 14, '98Aug. 28, '98Sep. 11, '98Sep. 25, '98Oct. 9, '98Oct. 23, '98Nov. 6, '981 23456781.Banks a)Borrowing9,6298,4729,4859,1588,9479,2878,876 b)Lending7,2566,0245,1105,4446,2116,7027,2132.Primary Dealers a)Borrowing4,8143,1433,0383,8245,0594,8924,525 b)Lending1,5849981,2561,1951,0921,4338013.Non-Bank Institutions a)Lending5,6494,4754,6644,7604,4463,9523,614

(Rs. crore) Week Ended ItemsJan. 29, '99Feb. 5, '99Feb. 12, '99Feb. 19, '99Feb. 26, '99Mar. 5, '99 1234567I. Outright Transactions a.Govt. of India Dated Securities8,2079,4585,2434,1213,78010,432 b.State Goverment Securities7854160415327 c.14 - Day Treasury Bills50170153295249293 d.91 - Day Treasury Bills6379317591,120735392 e.364 - Day Treasury Bills141625898666461,080II. RBI *1,2911,641437124535717@ : Excluding Repo Transactions.* : RBI's sales and purchases include

(US$ Million) MerchantInter-bank FCY/INRFCY/FCYFCY / INRFCY/FCY SpotForwardForward Cancel- lationSpotForwardForward Cancel- lationSpotSwapForwardSpotSwapForwardPosition Date 12345678910111213Purchases Feb.22, 199934313519157493338588610449122855Feb.23, 1999277638448523845085751578227130Feb.24, 1999397124842244326081,02119342632931Feb.25, 1999+ Feb.26, 1999+ Sales Feb.22, 19994083573822474043486317151423769Feb.23, 19992601791725503948296839881728025Feb.24, 199939520362

(Rs. crore) Week Ended Jan. 30, '99Feb. 6, '99Feb. 13, '99Feb. 20, '99Feb. 27, '99Mar. 6, '991234567 Amount10.8314.572.3247.524.397.65 Source: National Stock Exchange of India Ltd.

19981999ItemAs on FridayMar. 6Feb. 5Feb. 12Feb. 19Feb. 26Mar. 512345678Standard GoldOpening3,9804,3554,3504,3504,3604,360 (Rs. per 10 grams)Closing3,9804,3554,3504,3504,3754,360 Silver (999.0 fineness)Opening8,7508,3958,2158,2358,3408,000 (Rs. per kilogram)Closing8,7658,3408,2858,3008,3758,000Note:In case Friday is a holiday, prices relate to the preceding working day.Source : Bombay Bullion Association Ltd.

(Rs. crore)HoldersMarch 5, 1999Variation in Total Treasury Bills Treasury Bills of Different MaturitiesTotalOver theOver End 14 Day14 Day91 Day364 Day(2+3+4+5)WeekMarch (Auction)(Intermediate)(Auction)(Auction) 12345678 Reserve Bank of India--25527052547-102 Banks91-1,5816,1357,807-213-5,514 State Governments4003,580--3,980-986-3,905 Others1093906152,3453,459-111-556

(Rs. crore) Gross Amount Raised upto March 5, 1999Repayments upto March 5, 1999Net Amount Raised 1998-99 (upto March 5, 1999)1997-98 (upto March 6, 1998) 12345Total83,75314,80368,95027,488

(Rs. crore) For the Week Ended February 26, 1999For the Week Ended March 5, 1999ItemsAmountYTM (%PA) IndicativeAmountYTM (%PA) Indicative MinimumMaximum MinimumMaximum1 2345 6 7I. Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1998-99--- - - - 1999-001329.079310.44113978.313210.7586 2000-0143211.094111.24241,16910.555311.2510 2001-0226711.390011.43971,32211.108711.5022 2002-03 $7811.553311.660352611.098011.6844 2003-0423611.708511.9042732