(Rs. crore) Item 1997 1998 Variation over Sept. 5 August 28 Sept. 4 Week Year 1 2 3 4 5 6 Notes in circulation 1,41,058 1,51,986 1,54,477 2,491 13,419 Notes issued 1,41,079 1,52,021 1,54,508 2,487 13,429 Notes held in Banking Department 21 36 31 -5 10 Deposits : Central Government 50 50 51 1 1 State Governments 349 16 13 -3 -336 Scheduled Commercial Banks 59,666 60,402 68,785 8,383 9,119 Scheduled State Co-operative Banks 632 675 671 -4 39 Other Banks 884 1,047 1,102

(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 Total Issue (4+5+6) (Face Value) Weighted Average Price Implicit Yield at Cut-off Price (per cent) Amount Outstanding 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 3,650 Apr. 3, '9

(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) (Face Value) Weighted Average Price Implicit Yield at Cut-off Price (per cent) Amount Outstanding 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 J

(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. 15, 1998 4,620 1,380 7.75 - 13.00 Aug. 31, 1998 5,107 1,014 7.65 - 15.25 @ : Typical effective discount rate range per annum on issues during this fortnight.

Item/Week ended Weight 1997 1998 Percentage Variation over August 30 July 4* August 29# Week Month End March Year 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 325.7 350.5 354.3 0.3 0.7 5.1 8.8 Primary Articles 32.30 334.4 376.3 382.3 0.4 0.9 9.9 14.3 (i) Fruits and Vegetables 4.09 351.2 513.4 497.8 1.3 -0.3 36.6 41.7 Fuel, Power, Light and Lubricants 10.66 349.3 380.2 379.9 - - -1.1 8.8 Manufactured Products 57.04 316.4 330.3 333.7 0.4 0.7 3.5 5.5 (i) Sugar, Khandsari and

1997 1998 Sept. 11 Sept. 7 Sept. 8 Sept. 9 Sept. 10 Sept. 11 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 4,010.07 3,051.93 3,096.10 3,097.12 3,108.67 3,083.56 NSE-50 INDEX (Nov. 3, 1995=1000) 1,154.30 887.10 899.95 903.60 907.40 899.70

(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

Items Week Ended August 7, '98 August 14, '98 August 21, '98 August 28, '98 Sept. 4, '98 Sept. 11, '98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 6,292 10,007 10,561 5,679 3,739 3,134 b. State Goverment Securities 31 75 40 94 95 111 c. 14 - Day Treasury Bills 1,056 1,119 967 43 30 20 d. 91 -Day Treasury Bills 449 353 390 96 457 272 e. 364 -Day Treasury Bills 583 598 898 219 187 209 II. RBI* 343 1,746 2,549 2,261 543 104 @ : Excluding Rep

(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 Aug. 31, 1998 207 63 144 40 69 75 382 1,076 51 559 236 34 Sept. 1, 1998 164 65 42 25 91 57 438 810 43 985 161 75 Sept. 2, 1998 166 48 33 25 71 52 325 811 60 850 175 15 Sept. 3, 1998 162 67 5 30 72 45 593 769 91 1,145 193 155 Sept. 4, 1998 177 80 25

(Rs. crore) Week Ended August 8, '98 August 14, '98 August 22, '98 August 29, '98 Sept. 5, '98 Sept. 12, '98 1 2 3 4 5 6 7 Amount 6.26 91.43 5.37 25.85 26.30 14.79 Source: National Stock Exchange of India Ltd.

Item Variation over As on Sept. 11, 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 1,23,466 29,048 1,873 493 7,561 -319 16,171 1,693 16,425 -262 of which : (a) Foreign Currency Assets 1,10,892 26,093 1,872 493 8,385 118 16,914 2,128 17,563 554 (b) Gold 12,513 2,941 - - -881 -450 -500 -372 -1,042 -787 (c) SDRs 61 14 1 - 57 13 -243 -63 -96 -29 Not

Item As on Friday 1997 1998 Sept. 12 August 14 August 21 August 28 Sept. 4 Sept. 11 1 2 3 4 5 6 7 8 Standard Gold Opening 4,470 4,210 4,220 4,095 4,150 4,245 (Rs. per 10 grams) Closing 4,460 4,210 4,210 4,050 4,160 4,255 Silver (999.0 fineness) Opening 6,865 7,905 7,790 7,405 7,460 7,580 (Rs. per kilogram) Closing 6,890 7,900 7,800 7,375 7,470 7,625 Note: In case Friday is holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders September 4, 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 975 - 1,690 872 3,537 475 2,911 Banks 25 - 997 5,683 6,705 -294 -6,615 State Governments 400 4,868 1,950 - 7,218 -1,859 -666 Others - 430 919 1,197 2,546 292 -1,468

(Rs. crore) Gross Amount Raised upto September 11, 1998 Repayments upto September 11, 1998 Net Amount Raised 1998-99 (upto September 11, 1998) 1997-98 (upto September 12, 1997) 1 2 3 4 Total 58,121 8,659 49,462 27,099

(Rs. crore) Items For the Week Ended September 4, 1998 For the Week Ended September 11, 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 15 9.1798 9.9445 124 10.2438 10.6156 1999-00 99 9.8321 10.5226 116 10.2570 10.7133 2000-01 151 10.8580 11.6409 95 11.1806 11.5009 2001-02 548 11.4505 11.8769 436 11.5107 11.6702 2002-03$ 5

(Rs. crore) Item Outstanding as on Variation over 1998 Fortnight Financial Year so far Year August 28# 1997-98 1998-99 1 2 3 4 5 6 Liabilities to the Banking System Demand and time deposits from banks 26,127 414 1,004 2,445 7,727 Borrowings from Banks(1) 7,541 -529 4,847 381 -564 Other demand and time liabilities(2) 558 18 -27 -887 46 Liabilities to Others Aggregate deposits 6,52,198@ 20,711 24,978 46,788 1,21,621 (3.3) (4.9) (7.7) (22.9) Demand 96,245 967 -6,735 -6,2

(Per cent Per Annum) Item/Week ended 1997 1998 Sept. 5 August 7 August 14 August 21 August 28 Sept. 4 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 10.0-12.0 9.0-11.5 9.0-11.5 9.0-11.5 9.0-11.5 Call Money Rate (Low / High)4 1.00/8.50 6.00/7.75 5.00/7.30 5.00/30.0 0.50/30.0 8.50/21.0 (1) Medium Term Lending Rate

(Rs. crore) Item 1998-99 1997-98 Outstanding as on Variations (3) - (2) Outstanding as on Variations (6) - (5) 1998 1997 March 27 August 28 March 28 August 29 1 2 3 4 5 6 7 1. Bank Credit 3,24,079 3,23,670 -408 2,78,401 2,77,099 -1,302 (-0.1) (-0.5) A. Food Credit 12,485 16,698 4,213 7,597 9,442 1,846 B. Non-Food Credit 3,11,594 3,06,973 -4,621 2,70,805 2,67,657 -3,148 (-1.5) (-1.2) 2. Investments £ 33,084 40,014 6,930 19,411 24,827 5,416 A. Commercial Paper 2,070 4,4

Foreign currency 1997 1998 1997 1998 Sept. 12 Sept. 7 Sept. 8 Sept. 9 Sept. 10 Sept. 11 Sept. 12* Sept. 7 Sept. 8 Sept. 9 Sept. 10 Sept. 11 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@ 36.5400 42.5500 42.5600 42.5400 42.5400 42.5100 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.5350 42.5300 42.5500 42.5400 42.5300 42.4950 2.7367 2.3502 2.3496 2.3507 2.3507 2.3524 Do

(Rs. crore) Item Outstanding as on Variation Over 1998 Fortnight Financial year so far Year 1997-98 1998-99 Mar. 31# August 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. 4# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,31,926 9,819 4.4 9,366 4.7 5,693 2.5 22,575 10.8 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,57,718 2,491 1.6 6,939 5.1 6,895 4.6 13,562 9.4 of which : cash with banks 5,641 .. (ii) Bankers' deposits with RBI 71,806 70,558 8,433 13.6 1,608 2.7 -1,24

(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