(Per cent per annum)

As on

Range of Rates

Weighted Average Rate

Borrowings

Lendings

Borrowings

Lendings

1

2

3

4

5

August

1,

2003

3.95

-

5.10

3.99

-

5.10

4.88

4.93

August

2,

2003

3.00

-

5.00

3.00

-

5.00

4.80

4.84

August

4,

2003

3.00

-

5.05

3.00

-

5.05

4.91

4.94

August

5,

2003

3.98

-

5.05

3.98

-

5.05

4.92

4.94

August

6,

2003

3.98

-

5.05

3.98

-

5.05

4.92

4.94

August

7,

2003

3.50

-

5.05

3.50

-

5.05

4.92

4.94

August

8,

2003

3.90

-

6.25

3.99

-

6.25

4.89

4.98

August

9,

2003

3.95

-

5.50

4.00

-

5.50

4.94

4.97

August

11,

2003

3.95

-

5.05

4.00

-

5.10

4.93

4.97

August

12,

2003

3.95

-

5.05

4.00

-

5.10

4.93

4.97

August

13,

2003

3.95

-

5.05

4.00

-

5.05

4.95

4.98

August

14,

2003

3.50

-

5.25

3.50

-

5.25

4.95

4.97

August

16,

2003

4.05

-

5.40

4.00

-

5.35

5.07

5.06

August

18,

2003

3.95

-

5.10

4.00

-

5.10

4.98

4.99

August

19,

2003

4.00

-

5.10

4.00

-

5.10

4.97

4.99

August

20,

2003

4.00

-

5.10

4.00

-

5.10

4.98

4.99

August

21,

2003

4.00

-

5.10

4.00

-

5.10

4.97

4.99

August

22,

2003

4.00

-

5.10

4.50

-

5.10

4.94

4.99

August

23,

2003

4.00

-

5.05

4.00

-

5.05

4.91

4.97

August

25,

2003

3.50

-

5.10

3.65

-

5.10

4.75

4.74

August

26,

2003

3.50

-

4.80

3.50

-

4.85

4.54

4.50

August

27,

2003

3.50

-

4.65

3.60

-

4.65

4.49

4.51

August

28,

2003

3.45

-

4.80

3.45

-

4.60

4.49

4.50

August

29,

2003

3.50

-

4.60

3.50

-

4.65

4.48

4.49

August

30,

2003

3.00

-

4.55

3.00

-

4.55

4.23

4.32

September

1,

2003

3.35

-

4.75

3.55

-

4.75

4.47

4.48

September

2,

2003

3.40

-

4.75

3.99

-

4.75

4.45

4.48

September

3,

2003

3.45

-

4.60

3.75

-

4.60

4.44

4.46

September

4,

2003

3.45

-

4.75

4.00

-

4.75

4.50

4.51

September

5,

2003

3.53

-

4.60

3.75

-

4.70

4.48

4.50

September

6,

2003

3.45

-

4.60

4.00

-

4.55

4.47

4.48

September

8,

2003

3.53

-

4.60

3.75

-

4.60

4.48

4.49

September

9,

2003

3.53

-

4.70

4.01

-

4.60

4.50

4.50

September

10,

2003

3.51

-

4.75

3.65

-

4.75

4.50

4.51

September

11,

2003

3.53

-

4.70

3.75

-

4.70

4.50

4.51

September

12,

2003

3.54

-

4.60

3.75

-

4.60

4.49

4.51

September

13,

2003

3.51

-

4.55

3.75

-

4.75

4.43

4.46

September

15,

2003

3.52

-

4.65

3.75

-

4.65

4.51

4.51

September

16,

2003

3.50

-

4.70

3.50

-

4.70

4.50

4.52

September

17,

2003

3.45

-

4.60

3.65

-

4.65

4.51

4.52

$ : Data cover 90 - 95 per cent of total transactions reported by Major participants.