(Rs.crore) 2003 2004 Variation Item May 9 Apr. 30 May 7# Week Year 1 2 3 4 5 6 Notes issued 2,96,121 3,33,846 3,38,970 5,124 42,849 Notes in circulation 2,96,094 3,33,821 3,38,941 5,120 42,847 Notes held in Banking Department 26 24 30 6 4 Deposits Central Government 100 122 1,620 1,498 1,520 Market Stabilisation Scheme — 22,851 24,334 1,483 24,334 State Governments 41 146 41 –105 — Scheduled Commercial Banks 64,428 83,384 70,096 –13,288 5,668 Scheduled State Co-operat

Variation over Item As on May 7, 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 5,30,024 1,18,579 4,283 89 39,895 5,620 59,552 15,428 1,54,701 39,056 (a) Foreign Currency Assets 5,05,646 1,13,095 4,217 84* 39,431 5,647 60,414 15,478 1,50,947 37,931 (b) Gold 18,598 4,191 — — 382 –7 –627 –24 2,550 802 (c) SDRs 10 2 — — — — –3 –1 –16 –4 (d) Reserve

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004Fortnight Apr. 30# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 39,357 354 1,576 2,532 4,133 –2,674 Borrowings from Banks (1) 13,531 –742 –3,416 –1,437 –6,070 –2,691 Other demand and time liabilities (2) 2,896 187 303 290 136 339 Liabilities to Others Aggregate deposits@ 15,50,387 12,939 42,807 48,456 1,43,526 2,

(per cent per annum) 2003 2004 Item / week ended May 2 Mar. 26 Apr. 2 Apr. 9 Apr. 16 Apr. 23 Apr. 30 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) 10.75-11.50 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 5.00-5

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 Apr. 30 Mar. 21 May 2 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,65,080 29,699 7,29,215 7,31,917 2,702 (3.6) (0.4) A. Food Credit 35,961 42,998 7,036 49,479 49,922 443 B. Non-Food Credit 7,99,420 8,22,083 22,662 6,79,736 6,81,995 2,259 (2.8) (0.3) 2. Investments £ 89,049 87,282 @ –1,767 92,854 88,429 + –4,424 A. Commercial Paper 3,924 2

Foreign 2003 2004 2003 2004 Currency May 9 May 3 May 4+ May 5 May 6 May 7 May 9 May 3 May 4+ May 5 May 6 May 7 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 47.1900 44.9700 44.7600 44.6900 44.7100 (Based on Middle Rates) Euro 54.2200 53.8300 54.2500 54.3400 53.8800 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 47.1850 44.9200 44.7300 44.6700 44.7000 2.1191 2.2237 2.2341 2.237

(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. 30# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,00,349 20,66,583 19,138 0.9 60,618 3.5 66,234 3.3 1,88,323 11.8 2,86,763 16.1 M3 Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,29,963 1,258 0.4 13,354 4.9 13,205 4.2 29,175 11.4 45,227 15.9 (ii) Demand deposits with banks 2,51,

(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# May 7# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,26,345 –8,580 –2.0 7,349 2.0 –10,084 –2.3 30,821 8.9 49,935 13.3 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,46,231 5,119 1.5 20,728 7.3 19,208 5.9 33,648 12.5 43,031 14.2 (ii) Bankers' deposits with RBI 1,04,365 7

(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 3,2004 7 48 24,840 48 24,840 4.50 — — — — — –24,840 73,755 May 3,2004 14 10 5,515 10 5,515 4.50 — — — — — –5,515 79,270 May 5,2004 7 40 16,490 40 16,490 4.5

(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 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 1,000 46 1,615 — 40 1,000 — — — 1,00

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Apr. 17 Apr. 18 Apr. 19 Apr. 20 Apr. 21 Apr. 22 Apr. 23 Apr. 24 Apr. 25 Apr. 26 Apr. 27 Apr. 28 Apr. 29 Apr. 30 Apr. 30, 2004 65,167 1,30,335 1,99,557 2,81,044 3,53,365 4,30,034 5,06,941 5,88,140 6,69,340 7,50,455 8,35,342 9,11,907 9,87,052 10,69,869 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 4,74,06

(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 Mar. 5, 2004 4,831 347 3.59 — 5.75 Mar. 19, 2004 4,461 246 3.87 — 5.16 @: 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 Apr. 15, 2004 9,590 810 4.66 — 6.20 Apr. 30, 2004 9,706 756 4.50 — 6.50 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Apr. 26 Feb. 28* Apr. 24# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.7 179.8 181.1 0.3 0.6 0.6 4.3 Primary Articles 22.02 180.9 182.0 184.3 0.6 1.7 1.7 1.9 (i) Fruits and Vegetables 2.92 197.0 181.4 202.7 2.9 14.0 14.0 2.9 Fuel, Power, Light and Lubricants 14.23 252.2 261.7 263.6 — 0.2 0.2 4.5 Manufactured Products 63.75 153.7 160.8 161.6 0.3 0.4 0.4 5.1 (i) Sugar, Khandsari and

2003 2004 May 7 May 3 May 4 May 5 May 6 May 7 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 2980.74 5584.99 5647.15 5686.19 5757.30 5669.58 S & P CNX NIFTY (3.11.1995=1000) 950.15 1766.70 1793.10 1809.90 1832.80 1804.45 +:Market closed.

(Rs. crore) WeekEnded Mar. 26, 2004 Apr. 2, 2004 Apr. 9, 2004 Apr. 16, 2004 Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 2,850 2,218 5,016 3,186 2,808 1,899 2,277 (b) Lendings 2,870 2,692 3,962 2,529 2,317 2,041 2,245 2. Primary Dealers (a) Borrowings 4,333 3,768 5,241 4,069 4,177 3,512 5,227 (b) Lendings 139 17 158 183 113 36 78 3. Non-Bank Institutions (a) Lendings 3,560 1,677 3,471 2,975 2,707 2,265 3,458 4. Total (a) Borrowings 7

(Rs. crore) WeekEnded Items Apr. 2, 2004 Apr. 9, 2004 Apr. 16, 2004 Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 62,169 65,426 83,938 74,244 46,406 43,692 (b) State Government Securities 1,032 83 633 738 945 499 (c) 91 – Day Treasury Bills 1,225 567 6,904 4,656 2,388 4,560 (d) 364 – Day Treasury Bills 2,863 3,166 2,587 3,496 3,465 2,196 II. RBI* — 89 117 34 — 10 @ :Excluding Repo Transactions. *: RB

(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 Apr. 12, 2004 784 565 56 14 57 50 1687 1899 51 261 59 6 Apr. 13, 2004 385 769 164 35 131 36 1594 2644 61 815 375 4 Apr. 14, 2004 + Apr. 15, 2004 786 891 153 27 196 64 2036 3365 101 1225 571 77 Apr. 16, 2004 763 566 74 61 97 107 1891 2208

(Rs. crore) WeekEnded Apr. 3, 2004 Apr. 10, 2004 Apr. 17, 2004 Apr. 24, 2004 May 1, 2004 May 8, 2004 1 2 3 4 5 6 7 Amount 334.02 695.21 265.62 464.84 341.07 303.35 Source : National Stock Exchange of India Ltd.

(Rs. crore) May 7, 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 — 7,211 23,324 30,535 1,929 11,141 State Governments 6,215 700 — 6,915 2,608 –541 Others 603 6,828 4,812 12,243 –429 –2,014

(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 7, 2004) May 9, 2003) May 7, 2004) May 9, 2003) 1 2 3 4 5 6 7 1. Total 24,000 $ 30,000 1,35,934 24,000 $ 23,284 88,807 of which : 1.1 Devolvement/Private Placement on RBI — 5,000 21,500 2. RBI's OMO Sales 263 64 41,849 Purchases — — — $ : Includes Rs.15,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Apr. 30, 2004 For the Week Ended May 7, 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 — — — — — — 2005-06 825 4.4494 4.6693 150 4.4486 4.4732 2006-07 87 4.5198 4.8756 10 4.5207 — 2007-08 — — — 90 4.5684 4.5833 2008-09 150 4.6355 4.9875 135 4.6664 4.6894 2009-10 975 4.7258