(Rs.crore) 2003 2004 Variation Item Mar. 28 Mar. 19 Mar. 26# Week Year 1 2 3 4 5 6 Notes issued 2,76,318 3,20,988 3,20,012 –976 43,694 Notes in circulation 2,76,276 3,20,966 3,19,987 –979 43,711 Notes held in Banking Department 42 22 24 2 –18 Deposits Central Government 100 101 101 — 1 State Governments 41 41 41 — — Scheduled Commercial Banks 75,643 68,997 77,856 8,859 2,213 Scheduled State Co-operative Banks 1,756 1,753 2,071 318 315 Other Banks 4,610 4,555 4,776 221

Variation over Item As on Mar. 26, 2004 Week End-March2003 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 of which : 4,93,675 1,10,317 –3,755 319 1,35,395 34,889 29,205 8,482 1,37,929 35,512 (a)Foreign Currency Assets 4,74,699 1,06,125 –3,755 319* 1,33,223 34,235 29,467 8,508 1,36,731 35,049 (b)Gold 18,966 4,190 — — 2,181 656 –259 –25 1,207 465 (c) SDRs 10 2 — — –9 –2 –

   (Rs. crore)   Outstanding as on Variation over       Financial year so far Year-on-year Item 2004Mar. 19# Fortnight 2002-2003 2003-2004 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System             Demand and time deposits from Banks 36,825 –816 9,026 –3,629 9,026 –3,629 Borrowings from Banks (1) 14,968 865 –612 –4,670 –612 –4,670 Other demand and time liabilities(2) 2,606 156 30 353 30 353 Liabili

(per cent per annum)   2003     2004         Item / week ended Mar. 21 Feb. 13 Feb. 20 Feb. 27   Mar. 5 Mar. 12 Mar. 19 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 10.25-1

(Rs. crore) 2003 - 2004 2002 - 2003 Outstanding as on Variations Outstanding as on Variations (3) - (2) (6) - (5) 2003 2004 2002 2003 Item 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 (17.6) (26.9) 2. Investments £ 92,854 88,917 @ –3,937 81,000 91,572 + 10,

Foreign 2003 2004 2003 2004 Currency Mar. 28 Mar. 22 Mar. 23 Mar. 24 Mar. 25 Mar. 26 Mar. 28 Mar. 22 Mar. 23 Mar. 24 Mar. 25 Mar. 26 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 47.5500 45.1500 44.9300 44.7600 44.7500 44.7300 (Based on Middle Rates) Euro 50.8100 55.3800 55.5100 55.1900 54.3200 54.2400 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 47.5400 45.1450 44.9300 44.7

(Rs. crore) Outstanding as onVariation over Financial year so far Year-on-year 20032004Fortnight 2002-20032003-20042003 2004Item Mar. 31# Mar. 19# Amount % Amount % Amount % Amount % Amount % 1 2345678910111213M3 17,25,22220,00,89923,1561.22,29,99315.32,75,67716.02,30,24815.42,72,55115.8 [16,95,551] [2,00,322][13.4] [2,00,577][13.4] Components (i+ii+iii+iv) (i)Currency with the Public2,70,9833,18,0582,5150.833,41613.947,07617.431,67013.143,84816.0(ii)Demand deposits w

(Rs. crore) Outstanding as onVariation over Financial year so far Year-on-year 20032004Week 2002-20032003-20042003 2004Item Mar. 31# Mar. 26# Amount % Amount % Amount % Amount % Amount % 1 2345678910111213 Reserve Money3,69,0614,17,5589,2892.330,9809.248,49713.135,49510.648,60813.2Components (i+ii+iii) (i)Currency in circulation2,82,4733,27,228–979–0.332,37312.944,75515.831,82812.743,88115.5(ii)Bankers' deposits with RBI83,34684,7039,39812.5–2,139–2.51,3571.63,1043.92

(Rs. crore) REPOREVERSE REPO Net injection(+) absorption of liquidity (11-6) Outstanding Amount @ Repo/RR LAF periodBids ReceivedBids AcceptedCut-OffBids ReceivedBids AcceptedCut-Off Date (Day(s))NumberAmountNumberAmountRate(%)NumberAmountNumberAmountRate(%)1 234567891011121314Mar.22, 200415042,2255042,2254.50—————–42,22542,225Mar.22, 200414187,520187,5204.50—————–7,52049,745Mar.23, 200415653,0905653,0904.50—————–53,09060,610Mar.24, 200415555,4755555,4754.50—————–55,4

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Issue Weigh- Implicit Amount Outstanding Auction Issue Amount Total Face Value Total Face Value ted Yieldat Cut-off as on the Number Com- petitive NonCom petitive Number Com-petitive Non- Com- petitive PDs/SDs* RBI (8+9+10+11) Average Price Price (per cent) Date of issue (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Jul. 2 Jul. 4 500 31 778 — 25 500 — — — 500 98.77 5.0223

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weighted Implicit Amount Auction Issue Amount Total Face Value Number Total Face Value Issue Yieldat Outstanding Number Com- petitive Non- Competitive$ Com petitive - Non-Com- petitive$ PDs/SDs* RBI (8+9+10+11) Average Price Cut-off Price per cent) as on the Date of Issue(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 — — 1,029 9

(Rs. crore)Fortnight EndedDate123456789101112131415Mar. 19, Mar. 6Mar. 7Mar. 8Mar. 9Mar. 10Mar. 11Mar. 12Mar. 13Mar. 14Mar. 15Mar. 16Mar. 17Mar. 18Mar. 19200475,0611,50,1232,23,4352,93,9803,62,8814,34,4195,12,9935,89,0406,65,0887,37,4758,01,9838,72,9389,43,64910,12,446Apr. 2,Mar. 20Mar. 21Mar. 22Mar. 23Mar. 24Mar. 25Mar. 26Mar. 27Mar. 28Mar. 29Mar. 30Mar. 31Apr. 1Apr. 2200464,4061,38,8112,11,1142,85,3493,58,5704,35,4245,12,466 Note :Figures are the scheduled commercia

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 234Apr.4, 20031,188255.25 — 7.40Jul.11, 20032,242444.45 — 6.25Oct.3, 20033,154483.75 — 6.75Jan.9, 20044,4577133.87 — 5.31Feb.6, 20044,8261573.92 — 5.06Feb.20, 20044,8560.963.75 — 6.00@: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 234 Apr.15, 20035,8397525.25 — 8.15 Jul.15, 20037,0691,1425.15 — 6.80 Oct.15, 20036,9741,0274.75 — 7.75 Jan.15, 20049,5251,5424.63 — 6.00 Feb.29, 20049,3796814.60 — 7.50 Mar.15, 20049,3429034.81 — 5.90@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Mar. 15 Jan. 17* Mar. 13# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 171.5 178.9 179.7 0.1 0.2 4.3 4.8 Primary Articles 22.02 178.4 183.0 181.2 –0.2 –0.5 1.7 1.6 (i) Fruits and Vegetables 2.92 185.2 194.3 175.2 –5.4 –5.8 –3.7 –5.4 Fuel, Power, Light and Lubricants 14.23 252.7 261.6 262.3 — –0.4 2.3 3.8 Manufactured Products 63.75 151.0 159.0 160.7 0.2 0.6 6.1 6.4 (i) Sugar, Khandsari

2003 2004 Mar. 26Mar. 22Mar. 23Mar. 24Mar. 25Mar. 261 234567BSE SENSEX (1978-79=100)3143.585365.405400.995395.285414.445528.99S & P CNX NIFTY (3.11.1995=1000)1013.851685.001696.401692.101704.451747.50

(Rs. crore) WeekEnded Feb. 13, 2004 Feb. 20, 2004 Feb. 27, 2004 Mar. 5, 2004 Mar. 12, 2004 Mar. 19, 2004 Mar. 26, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 1,379 1,336 1,701 1,676 1,634 3,070 2,850 (b) Lendings 2,068 1,776 1,889 1,697 2,076 2,908 2,870 2. Primary Dealers (a) Borrowings 4,020 3,762 3,208 3,967 3,857 4,252 4,333 (b) Lendings 70 42 95 50 119 97 139 3. Non-Bank Institutions (a) Lendings 2,860 2,799 2,647 2,903 2,740 3,442 3,560 4. Total (a) Borrowings

(Rs. crore) Items Feb. 20, 2004 Feb. 27, 2004 Mar. 5, 2004 Mar. 12, 2004 Mar. 19, 2004 Mar. 6,2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 29,115 38,057 32,308 60,352 55,167 50,143 (b) State Government Securities 456 625 267 709 1,169 2,642 (c) 91 – Day Treasury Bills 1,463 1,409 1,356 1,856 1,595 2,105 (d) 364 – Day Treasury Bills 1,838 2,184 3,258 4,461 5,392 3,657 II. RBI* 18 — 54 8 — 7 @ :Excluding Repo Transactions. *: RBI's sal

(US$ Million)    Merchant    Inter-bank                  FCY / INRFCY / FCYFCY / INRFCY / FCYPositionDateSpotForwardForward CancellationSpotForwardForward Cancellation SpotSwapForwardSpotSwapForward1 2345678910111213Purchases            Mar.8, 200453622355507527925112739757182

(Rs. crore) WeekEnded Feb. 21, 2004Feb. 28, 2004Mar. 6, 2004Mar. 13, 2004Mar. 20, 2004Mar. 27, 20041234567Amount111.66165.16118.61409.64942.14535.11Source : National Stock Exchange of India Ltd.

(Rs. crore) Mar. 26, 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 234567Reserve Bank of India—————–1,019Banks—3,70715,26718,974286–9,919State Governments4,225600—4,825846–1,569Others4842,83210,86914,185–3009,032

(Face Value in Rs. crore)  Gross Amount Raised Net Amount Raised   2003-2004 2002-2003 2002-2003 2003-2004 2002-2003 2002-2003   (Upto (Upto   (Upto (Upto     Mar. 26, 2004) Mar. 27, 2003)   Mar. 26, 2004) Mar. 27, 2003) 1 2345671. Total1,35,934*$1,25,0001,25,00088,80797,58097,580 of which :        1.Devolvement/Private       

(Amount in Rs. crore) For the Week Ended Mar. 19, 2004For the Week Ended Mar. 26, 2004Item AmountYTM (%PA) Indicative**AmountYTM (%PA) Indicative** MinimumMaximum MinimumMaximum1 23456 7I.OutrightTransactions 1.Govt. of India Dated Securities Maturing in the year 2003-042554.43344.7058— — — 2004-055914.30154.55638593.58854.5685 2005-062894.40874.4999204.39204.4727 2006-072154.51374.7596164.49284.5972 2007-082104.69434.8991674.65524.7777 2008-096504.73315.15925464.7096