(Rs.crore) 2003 2004 Variation Item May 30 May 21 May 28# Week Year 1 2 3 4 5 6 Notes issued 2,93,954 3,38,277 3,35,796 –2,481 41,842 Notes in circulation 2,93,923 3,38,251 3,35,770 –2,481 41,847 Notes held in Banking Department 31 26 27 1 –4 Deposits Central Government 100 101 101 — 1 Market Stabilisation Scheme — 28,259 30,701 2,442 30,701 State Governments 41 41 41 — — Scheduled Commercial Banks 79,690 79,083 73,335 –5,748 –6,355 Scheduled State Co-operative Banks

Variation over Item As on May 28, 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 5,43,436 1,19,820 6,352 1,248 53,307 6,861 72,964 16,669 1,57,533 37,789 (a) Foreign Currency Assets 5,18,926 1,14,326 6,285 1,235* 52,711 6,878 73,694 16,709 1,52,377 36,387 (b) Gold 18,598 4,191 — — 382 –7 –627 –24 2,550 802 (c) SDRs 8 2 — — –2 — –5 –1 2 1 (d) Rese

(Rs. crore) Outstanding Variation over Item As on Financial year so far Year-on-year 2004 Fortnight May 14# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 38,744 –613 1,011 1,919 3,865 –2,721 Borrowings from Banks (1) 13,869 339 –391 –1,099 –1,412 –5,378 Other demand and time liabilities(2) 3,332 436 362 725 577 716 Liabilities to Others Aggregate deposits@ 15,43,823 –6,564 38,714 41,891 1,40,591 2,24,

(per cent per annum) 2003 2004 Item / week ended May 23 Apr. 16 Apr. 23 Apr. 30 May 7 May 14 May 21 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 6.00 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) 10.50-11.50 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) 5.25-6.00 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 May 14 Mar. 21 May 16 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,64,397 29,015 7,29,215 7,30,314 1,099 (3.5) (0.2) A. Food Credit 35,961 42,232 6,271 49,479 49,277 –202 B. Non-Food Credit 7,99,420 8,22,165 22,745 6,79,736 6,81,037 1,300 (2.8) (0.2) 2. Investments £ 89,049 87,913 @ –1,136 92,854 87,189 + –5,665 A. Commercial Paper 3,924

Foreign 2003 2004 2003 2004 Currency May 30 May 24 May 25 May 26 May 27 May 28 May 30 May 24 May 25 May 26 May 27 May 28 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 47.0300 45.3700 45.3600 45.3400 45.4500 45.3900 (Based on Middle Rates) Euro 55.8300 54.2000 54.6000 54.8900 55.2900 55.7200 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 47.0200 45.3400 45.3600 45.3300 45.4500

(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# May 14# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 20,00,349 20,66,633 50 — 65,455 3.8 66,284 3.3 1,88,576 11.8 2,81,975 15.8 Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,36,763 6,800 2.1 22,633 8.3 20,005 6.3 32,768 12.5 42,748 14.5 (ii) Demand deposits with banks 2,51,371 2,4

(Rs. crore) Outstanding as on Variation over 2004 Week Financial year so far Year-on-year 2003-2004 2004-2005 2003 2004 Item Mar. 31# May 28# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,26,301 –8,367 –1.9 20,376 5.5 –10,128 –2.3 50,819 15.0 36,864 9.5 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,43,061 –2,481 –0.7 18,591 6.6 16,037 4.9 33,740 12.6 41,996 13.9 (ii) Bankers' deposits with RBI 1,04,3

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo/RR 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 May 24, 2004 7 49 24,030 49 24,030 4.50 — — — — — –24,030 70,935 May 25, 2004 7 37 13,560 37 13,560 4.50 — — — — — –13,560 79,100 May 26, 2004 7 38 10,195 38 10

(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 (8+9+ Average Cut-off as on the Com- Non- Com- Non- 10+11) Price Price Date of Issue petitive Com- petitive Com- 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 Number Total Face Value PDs/SDs* RBI Issue ted Yieldat Outstanding (8+9+ Average Cut-off as on the Com- Non- Com- Non- 10+11) Price Price Date of Issue petitive Com- petitive Com- 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 1,000 46 1,615 — 40 1,000 — — — 1,0

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 May 1 May 2 May 3 May 4 May 5 May 6 May 7 May 8 May 9 May 10 May 11 May 12 May 13 May 14 May 14, 2004 82,254 1,64,509 2,43,176 3,20,859 3,94,504 4,74,066 5,44,136 6,09,427 6,74,803 7,48,535 8,20,270 8,97,212 9,74,135 10,49,417 May 15 May 16 May 17 May 18 May 19 May 20 May 21 May 22 May 23 May 24 May 25 May 26 May 27 May 28 May 28, 2004 77,020 1,54,039 2,28,107 2,99,704 3,71,267 4,47,534 5,27,037 6,07

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 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 Mar. 19, 2004 4,461 246 3.87 — 5.16 Apr. 2, 2004 4,626 191 3.75 — 5.16 Apr. 16, 2004 4,813 198 4.64 — 6.00 @: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 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 Apr. 15, 2004 9,590 810 4.66 — 6.20 May 15, 2004 10,322 1,340 4.47 — 5.95 May 31, 2004 10,328 902 4.56 — 7.00 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight May 17 Mar. 20* May 15# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.4 179.9 181.5 0.2 0.6 0.8 4.7 Primary Articles 22.02 180.8 180.6 184.9 0.6 0.9 2.0 2.3 (i) Fruits and Vegetables 2.92 192.9 169.1 203.2 1.2 3.2 14.3 5.3 Fuel, Power, Light and Lubricants 14.23 246.4 262.6 264.2 — 0.2 0.4 7.2 Manufactured Products 63.75 154.6 161.2 161.8 0.1 0.4 0.5 4.7 (i) Sugar, Khandsari and Gur

2003 2004 May 28 May 24 May 25 May 26 May 27 May 28 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3130.46 5123.23 5102.22 5081.95 5058.55 4835.39 S & P CNX NIFTY (3.11.1995=1000) 990.80 1608.85 1606.70 1598.80 1586.40 1508.75 +:Market closed

(Rs. crore) WeekEnded Apr. 16, 2004 Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 May 14, 2004 May 21, 2004 May 28, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 3,186 2,808 1,899 2,277 2,584 2,502 2,631 (b) Lendings 2,529 2,317 2,041 2,245 2,809 1,770 1,910 2. Primary Dealers (a) Borrowings 4,069 4,177 3,512 5,227 4,154 2,711 2,556 (b) Lendings 183 113 36 78 136 87 88 3. Non-Bank Institutions (a) Lendings 2,975 2,707 2,265 3,458 2,688 2,761 2,386 4. Total (a) Borrowings 7,2

(Rs. crore) WeekEnded Items Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 May 14, 2004 May 21, 2004 May 28, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 74,244 46,406 43,692 54,461 50,287 32,722 (b) State Government Securities 738 945 499 441 469 1,571 (c) 91 – Day Treasury Bills 4,656 2,388 4,560 6,091 4,452 6,136 (d) 364 – Day Treasury Bills 3,496 3,465 2,196 3,714 3,500 4,326 II. RBI* 34 — 10 14 5 87 @ :Excluding Repo Transactions. *: R

(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- PositionDate lation lation 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases May 3, 2004 378 765 257 10 31 4 1884 2692 147 285 120 9 May 4, 2004 60 20 1 — 2 — 42 8 1 38 12 1 May 5, 2004 750 503 100 23 97 37 1646 2329 76 927 277 39 May 6, 2004 515 295 72 42 35 44 1131 2400 69 570 164 5 May 7, 2004 501 262 91 28 41

(Rs. crore) WeekEnded Apr. 24, 2004 May 1, 2004 May 8, 2004 May 15, 2004 May 22, 2004 May 29, 2004 1 2 3 4 5 6 7 Amount 464.84 341.07 303.35 336.80 388.88 346.71 Source : National Stock Exchange of India Ltd.

(Rs. crore) May 28, 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 — 10,065 24,988 35,053 2,125 15,660 State Governments 6,624 1,100 — 7,724 1,202 268 Others 567 8,467 5,148 14,182 429 –74

(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 May 28, 2004) May 30, 2003) May 28, 2004) May 30, 2003) 1 2 3 4 5 6 7 1. Total 24,000 $ 35,000 1,35,934 18,788 $ 27,713 88,807 of which : 1.1 Devolvement/Private Placement on RBI — 5,000 21,500 2. RBI's OMO Sales 369 5,576 41,849 Purchases — — — $ : Includes Rs.15,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended May 21, 2004 For the Week Ended May 28, 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 — — — — — — 2005-06 263 4.4708 4.6188 1,070 4.4880 4.6086 2006-07 81 4.5413 4.8499 125 4.5683 4.8002 2007-08 582 3.9883 4.8496 145 4.6999 4.7495 2008-09 400 4.7829 4.9233 451 4.7728 5.073