(Rs.crore)   2003   2004   Variation Item Apr. 11 Apr. 2 Apr. 9# Week Year 1 2 3 4 5 6 Notes issued 2,84,501 3,19,154 3,27,205 8,051 42,704 Notes in circulation 2,84,467 3,19,126 3,27,195 8,069 42,728 Notes held in Banking Department 35 29 10 –19 –25 Deposits           Central Government 283 154 13,565 13,411 13,282 Market Stabilisation Scheme - - 5,000 5,000 5,000 State Governments 418 2,387 187 –2,200 –231 Scheduled Commercial

Variation over Item As on Apr. 9, 2004 Week End-March2004 End-December 2003 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 5,06,160 1,16,060 13,075 3,370 16,031 3,101 35,688 12,909 1,43,835 39,642 (a) Foreign Currency Assets 4,82,263 1,10,560 13,159 3,385* 16,048 3,112 37,031 12,943 1,39,903 38,347 (b) Gold 18,216 4,198 — — — — –1,009 –17 1,431 664 (c) SDRs 10 2 — — — — –3 –1 –9 –2 (d) R

(Rs. crore) Outstanding Variation over as on Item 2004 Fortnight Financial year so far Year-on-year Apr. 2# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 41,210 4,385 1,472 4,385 9,350 –716 Borrowings from Banks (1) 15,947 979 –839 979 –5,204 –2,852 Other demand and time liabilities(2) 2,445 –162 1,704 –162 1,813 –1,513 Liabilities to Others Aggregate deposits@ 15,42,757 40,825 43,619 40,825 1,87,424

(per cent per annum) 2003 2004 Item / week ended Apr. 4 Feb. 27 Mar. 5 Mar. 12 Mar. 19 Mar. 26 Apr. 2 1 2 3 4 5 6 7 8 Cash Reserve Ratio (per cent)(1) 4.75 4.50 4.50 4.50 4.50 4.50 4.50 Bank Rate 6.25 6.00 6.00 6.00 6.00 6.00 6.00 I.D.B.I.(2) 12.50 10.25 10.25 10.25 10.25 10.25 10.25 Prime Lending Rate(3) 10.75-11.50 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 10.25-11.00 Deposit Rate(4) 5.25-6.25 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-

(Rs. crore) 2003 - 2004 2002 - 2003 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 2003 2004 2002 2003 Mar. 21 Mar. 19 Mar. 22 Mar. 21 1 2 3 4 5 6 7 1. Bank Credit 7,29,215 8,35,382 1,06,166 5,89,723 7,29,215 1,39,493 (14.6) (23.7) A. Food Credit 49,479 35,961 –13,518 53,978 49,479 –4,499 B. Non-Food Credit 6,79,736 7,99,420 1,19,684 5,35,745 6,79,736 1,43,992 2. Investments £ 92,854 89,049 –3,805 81,000 92,854 + 11,854 A. Commercia

Foreign 2003 2004 2003 2004 Currency Apr. 10 Apr. 5 Apr. 6 Apr. 7 Apr. 8 Apr. 9+ Apr. 10 Apr. 5 Apr. 6 Apr. 7 Apr. 8 Apr. 9+ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 RBI's Reference Rate (Rs. per Foreign Currency) Foreign Currency per Rs. 100@ U.S. Dollar 47.4100 43.6700 43.7800 43.5600 43.6200 (Based on Middle Rates) Euro 51.1500 52.7800 52.6100 52.5300 53.1900 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. { Buying 47.3950 43.6600 43.7600 43.5600 43.6100 2.1093 2.28

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2004 Fortnight 2003-2004 2004-2005 2003 2004 Item Mar. 31# Apr. 2# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,00,349 20,39,871 39,198 2.0 42,974 2.5 39,521 2.0 2,26,622 14.8 2,77,694 15.8 M3 [1,97,220] [12.8] Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,15,464 –2,528 –0.8 3,476 1.3 –1,294 –0.4 28,771 11.7 40,606 14.8 (ii) Demand deposi

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2004 Week 2003-2004 2004-2005 2003 2004 Item Mar. 31# Apr. 9# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,21,554 5,991 1.4 –4,698 –1.3 –14,876 –3.4 31,117 9.3 57,191 15.7 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,34,486 8,070 2.5 9,065 3.2 7,463 2.3 31,486 12.1 42,948 14.7 (ii) Bankers' deposits with RBI 1,04,365 83

(Rs. crore)     Repo/RR     REPO       REVERSE REPO   Net injection(+) Outstanding LAF   period Bids Received Bids Accepted Cut-Off Bids Received Bids Accepted Cut-Off absorption(-) of Amount @ Date   (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6)   1   2 3 4 5 6 7 8 9 10 11 12 13 14 Apr. 5,2004 7 55 32,350 55 32,350 4.50 — — — — — –32,350 42,685 Apr. 5,2004

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Number Total Face Value Number Total Face Value PDs/SDs* RBI Issue ted Yieldat Outstanding Com- Non- Com- Non- (8+9+ Average Cut-off as on the petitive Com- petitive Com- 10+11) Price Price Date of Issue petitive petitive (per cent) (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Oct. 1 Oct. 3 500 24 730 — 16 500 — — — 500 98.90 4

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Number Total Face Value Total Face Value Issue ted Yieldat Outstanding Com- Non- Number Com- Non- PDs/SDs* RBI (8+9+ Average Cut-off as on the petitive Com- petitive Com- 10+11) Price Price Date of Issue petitive$ petitive$ (per cent) (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Jul. 9 Jul. 11 1,000 51 2,430 29 21 1,000 29 — —

(Rs. crore) Fortnight Ended Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Mar. 20 Mar. 21 Mar. 22 Mar. 23 Mar. 24 Mar. 25 Mar. 26 Mar. 27 Mar. 28 Mar. 29 Mar. 30 Mar. 31 Apr. 1 Apr. 2 Apr. 2, 2004 64,406 1,38,811 2,11,114 2,85,349 3,58,570 4,35,424 5,12,466 5,89,925 6,67,383 7,50,842 8,34,248 9,28,854 10,05,159 10,79,696 Apr. 3 Apr. 4 Apr. 5 Apr. 6 Apr. 7 Apr. 8 Apr. 9 Apr. 10 Apr. 11 Apr. 12 Apr. 13 Apr. 14 Apr. 15 Apr. 16 Apr. 16, 2004 78,538 1,57,076 2,55,554 3,38,888 4

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 Apr. 4, 2003 1,188 25 5.25 — 7.40 Jul. 11, 2003 2,242 44 4.45 — 6.25 Oct. 3, 2003 3,154 48 3.75 — 6.75 Jan. 9, 2004 4,457 713 3.87 — 5.31 Feb. 20, 2004 4,856 0.96 3.75 — 6.00 Mar. 5, 2004 4,831 347 3.59 — 5.75@: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 Apr. 15, 2003 5,839 752 5.25 — 8.15 Jul. 15, 2003 7,069 1,142 5.15 — 6.80 Oct. 15, 2003 6,974 1,027 4.75 — 7.75 Jan. 15, 2004 9,525 1,542 4.63 — 6.00 Mar. 15, 2004 9,342 903 4.81 — 5.90 Mar. 31, 2004 9,131 510 4.70 — 6.50@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Mar. 29 Jan. 31* Mar. 27# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 172.3 179.1 180.0 0.3 — 4.5 4.5 Primary Articles 22.02 178.2 181.9 181.2 0.5 –0.8 1.7 1.7 (i) Fruits and Vegetables 2.92 182.0 182.5 177.8 2.1 –5.6 –2.3 –2.3 Fuel, Power, Light and Lubricants 14.23 256.3 262.3 263.2 0.3 — 2.7 2.7 Manufactured Products 63.75 151.5 159.5 161.0 0.2 0.3 6.3 6.3 (i) Sugar, Khandsari and

2003 2004 Apr. 9 Apr. 5 Apr. 6 Apr. 7 Apr. 8 Apr. 9+ 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3141.25 5838.02 5822.42 5815.13 5838.45 S & P CNX NIFTY (3.11.1995=1000) 1004.85 1856.60 1851.15 1848.70 1853.55 +:Market closed.

(Rs. crore) WeekEnded Feb. 27, 2004 Mar. 5, 2004 Mar. 12, 2004 Mar. 19, 2004 Mar. 26, 2004 Apr. 2, 2004 Apr. 9, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 1,701 1,676 1,634 3,070 2,850 2,218 5,016 (b) Lendings 1,889 1,697 2,076 2,908 2,870 2,692 3,962 2. Primary Dealers (a) Borrowings 3,208 3,967 3,857 4,252 4,333 3,768 5,241 (b) Lendings 95 50 119 97 139 17 158 3. Non-Bank Institutions (a) Lendings 2,647 2,903 2,740 3,442 3,560 1,677 3,471 4. Total (a) Borrowings 4

(Rs. crore) WeekEnded Items Mar. 5, 2004 Mar. 12, 2004 Mar. 19, 2004 Mar. 26, 2004 Apr. 2, 2004 Apr. 9, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 32,308 60,352 55,167 50,143 62,169 65,426 (b) State Government Securities 267 709 1,169 2,642 1,032 83 (c) 91 – Day Treasury Bills 1,356 1,856 1,595 2,105 1,225 567 (d) 364 – Day Treasury Bills 3,258 4,461 5,392 3,657 2,863 3,166 II. RBI* 54 8 — 7 — 89 @ :Excluding Repo Transactions. *:

(US$ Million) FCY / INR Merchant FCY / FCY FCY / INR Inter-bank FCY / FCY Spot Forward Forward Spot Forward Forward Spot Swap Forward Spot Swap Forward Cancel- Cancel- PositionDate lation lation 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Mar. 15, 2004 686 188 72 12 40 32 841 1056 36 701 172 20 Mar. 16, 2004 824 134 56 14 63 22 1247 721 18 631 132 6 Mar. 17, 2004 649 261 38 47 166 37 904 1124 41 925 302 71 Mar. 18, 2004 718 228 65 38 44 34 1491 1402 77 850 155 3 Mar. 19,

(Rs. crore) Week Ended Mar. 6, 2004 Mar. 13, 2004 Mar. 20, 2004 Mar. 27, 2004 Apr. 3, 2004 Apr. 10, 2004 1 2 3 4 5 6 7 Amount 118.61 409.64 942.14 535.11 334.02 695.21Source : National Stock Exchange of India Ltd.

(Rs. crore) Apr. 9, 2004 Variation in Total Treasury Bills Holders Treasury Bills of Different Maturities Total Over the Over End 14 Day 91 Day 364 Day (2+3+4) Week March (Intermediate) (Auction) (Auction) 1 2 3 4 5 6 7 Reserve Bank of India — — — — — — Banks — 3,703 14,817 18,520 –93 –873 State Governments — 600 — 600 –9,576 –6,856 Others 541 2,320 11,318 14,179 –403 –77

(Face Value in Rs. crore) Gross Amount Raised Net Amount Raised 2004-2005 2003-2004 2003-2004 2004-2005 2003-2004 2003-2004 (Upto (Upto (Upto (Upto Apr. 9, 2004) Apr. 11, 2003) Apr. 9, 2004) Apr. 11, 2003) 1 2 3 4 5 6 7 1. Total 5,000$ 9,000 1,35,934 5,000 $ 2,284 88,807 of which : 1.1 Devolvement/Private Placement on RBI — — 21,500 2. RBI's OMO Sales 89 1 41,849 Purchases — — — $ : Includes Rs.5,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Apr. 2, 2004 For the Week Ended Apr. 9, 2004 Item Amount YTM (%PA) Indicative** Amount YTM (%PA) Indicative** Minimum Maximum Minimum Maximum 1 2 3 4 5 6 7 I. OutrightTransactions 1. Govt. of India Dated Securities Maturing in the year 2004-05 144 4.3272 4.5837 16 4.4045 — 2005-06 601 4.5181 4.5602 285 4.4809 4.5696 2006-07 106 4.4270 5.1331 68 4.5613 5.0416 2007-08 353 4.6218 4.6975 52 4.6049 — 2008-09 924 4.6877 5.0320 610 4.