(Rs. crore) 19981999Variation overItem Mar. 27Mar. 19Mar. 26WeekYear123456Notes in circulation1,48,5201,74,0341,72,541-1,49324,021Notes issued1,48,5501,74,0621,72,573-1,48924,023Notes held in Banking Department31293231Deposits : Central Government5150511—State Governments40215172-385Scheduled Commercial Banks57,69873,27463,548-9,7265,850Scheduled State Co-operative Banks706797677-120-29Other Banks1,0231,1711,134-37111Others5,2395,4356,3308951,091Other liabilities48,63

Variation over As on Apr. 1, 1999WeekEnd- March 1999End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.1234567891011 Total Reserves1,38,04632,5354,272949414510,1922,47921,4393,343of which : (a) Foreign Currency Assets1,25,45329,5674,337960414510,7602,60922,2443,434 (b) Gold12,5592,960-65-11——-249-55-835-98 (c) SDRs348————-319-75307 Note : 1. Foreign currency assets expressed in US dollar terms include the effect o

(Rs. crore) Outstanding as on 1999 Mar. 26# Variation overItem Financial year so far Fortnight1997-981998-99Year123456 Liabilities to the Banking System Demand and time deposits from banks32,2601,6616,2878,5788,578Borrowings from Banks(1)11,623-5273,9014,4644,464Other demand and time liabilities(2)690-98906-755-755Liabilities to Others Aggregate deposits7,17,271 @18,93499,8111,11,8611,11,861 (2.7)(19.7)(18.5)(18.5)Demand1,13,48010,53111,90310,96710,967Time6,03,791 @8,

(Per cent per annum) 19981999Item / week endedMar. 27Feb. 26Mar. 5Mar. 12Mar. 19Mar. 261234567Bank Rate10.509.008.008.008.008.00I.D.B.I.114.5014.0014.0014.0013.5013.50Prime Lending Rate214.0012.75-13.0012.00-13.0012.00-13.0012.00-13.0012.00-13.00Deposit Rate310.50-12.009.00-11.509.00-11.509.00-11.509.00-11.509.00-11.50Call Money Rate (Low / High)47.00/9.007.15/9.757.50 / 9.357.00 / 8.507.60 /11.253.00/10.001. Medium Term Lending Rate (MTLR). 2. Prime Lending Rate rela

(Rs. crore) 1998-991997-98 Outstanding as onVariationsOutstanding as onVariations (3) - (2)(6) - (5)Item19981999 19971998 Mar. 27Mar. 26 Mar. 28Mar. 27 1 2345671.Bank Credit3,24,0793,66,00341,9252,78,4013,24,07945,677 (12.9) (16.4) A.Food Credit12,48516,8164,3317,59712,4854,889 B.Non-Food Credit3,11,5943,49,18737,5942,70,8053,11,59440,789 (12.1) (15.1) 2.Investments £31,91248,072 @16,16118,48432,044 +13,560 A.Commercial Paper2,0454,6972,6536643,4662,802 B.Bonds/Debent

1998199919981999Foreign Currency Apr. 3Mar. 29 +Mar. 30Mar. 31Apr. 1*Apr. 2 +Apr. 3Mar. 29 +Mar. 30Mar. 31Apr. 1*Apr. 2 +1234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100 @ 39.5100 42.430042.4300 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying39.5000 42.425042.4300 2.5310 2.35682.3568 DollarSelling39.5100 42.435042.4400 Pound{ Buying65.7875 68.575068.3300 1.5191 1.45761.4630 SterlingSelli

(Rs. crore) Outstanding as onVariation over Item Financial year so far 19981999Fortnight1997-981998-99Year Mar. 31#Mar. 12#Amount%Amount%Amount%Amount% 1234567891011M3 8,25,3899,53,7238,2170.91,02,10314.51,28,33315.51,49,77218.6 Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,73,2325,2123.117,72913.428,05019.323,41615.6(ii)Demand deposits with banks1,18,4351,18,6106960.6-284-0.31750.113,56012.9(iii)Time deposits with banks5,58,1676,59,039 @2,6920.485,426

(Rs. crore) Outstanding as on Variation over Item Financial year so far 19981999Week 1997-98 1998-99 Year Mar. 31#Mar. 26#Amount%Amount%Amount%Amount% 1234567891011 Reserve Money2,26,2332,45,626-10,482-4.114,6247.319,3938.631,01614.5 Components (i+ii+iii) (i)Currency in circulation1,50,8231,76,102-1,493-0.814,65510.725,27816.824,23016.0 of which : cash with banks5,6413,982 * (ii)Bankers' deposits with RBI71,80665,358-9,884-13.1-148-0.2-6,447-9.05,93210.0 (iii)"Other"

(Rs. crore)Date of AuctionDate of IssueNotified AmountCompetitive Bids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Non-Compe- titive Bids Accepted (Face Value)Total Issue (4+5+6) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (per cent)Amount Outstan- ding as on the Date of Issue (Face Value) 1 2345678910Apr.3, ’98Apr.4, ’98100100——10099.727.3004235Jul.3, '98Jul.4, '98100100——10099.775.9938600Oct9, ' 98Oct.10, '98500500——50099.678.87

(Rs. crore)Date of AuctionDate of IssueNotified AmountCompetitive Bids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Non-Compe- titive Bids Accepted (Face Value)Total Issue (4+5+6) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (per cent)Amount Outstanding as on the Date of Issue (Face Value) 1 2345678910Apr.3, ’98Apr.4, ’9810010902512598.207.33201,525Jul.3, '98Jul.4, '9810020805015098.207.33203,460Oct.9, '98Oct. 10, '98500382118405409

(Rs. crore)Date of AuctionDate of IssueNotified AmountBids Accepted (Face Value)Devolvement on PDs and RBI (Face Value)Total Issue (4+5) (Face Value)Weighted Average PriceImplicit Yield at Cut-off Price (Per cent)Amount Outstanding as on the Date of Issue (Face Value) 1 23456789 Apr.7,’98Apr.11, ’9810069410092.617.979714,339Jul.1, '98Jul.3, '98100—10010092.617.979710,153 @Oct. 7, '98Oct.9, '98400400—40090.3610.71745,827Jan. 13, '99Jan.15, '99750750—75090.5210.49726,51

(Rs. crore)Fortnight endedTotal Amount Outstanding#Issued during the fortnight #Rate of Interest (Per cent)@1 234Jan.2, 19986,8768116.50 — 11.75Apr.10, 199814,5846278.25 — 24.00Jul.17, 19987,2878078.00 — 12.50Oct.9, 19986,1327867.75 — 13.50Dec.4, 19984,5173476.75 — 12.50Dec.18, 19984,1864758.25 — 15.50@ : Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal AmountReported duringRate of Interest Outstandingthe fortnight(Per cent) @1 23 4 Apr.15, 19981,030338 11.75 — 18.00 Jul.15, 19983,912772 8.20 — 13.50 Oct.15, 19984,8031,101 9.50 — 13.40 Jan.15, 19995,4111,215 9.75 — 13.00 Feb.28, 19995,368762 10.20 — 13.00 Mar.15, 19995,1491,024 8.50 — 13.25 @ : Typical effective discount rate range per annum on issues during the fortnight.

19981999Percentage Variation overItem / Week endedWeightMar. 21Jan. 23 *Mar. 20#WeekMonthEndYear March 123456789ALL COMMODITIES100.00337.0353.3353.7—-0.14.95.0Primary Articles32.30347.9379.6380.0—-0.59.39.2(i) Fruits and Vegetables4.09360.2418.1404.6-1.4-1.511.112.3Fuel, Power, Light and Lubricants10.66384.1373.4379.5—0.9-1.2-1.2Manufactured Products57.04322.0334.6333.9-0.1-0.13.63.7(i) Sugar, Khandsari and Gur4.06301.1293.3288.9-0.8-0.1-4.4-4.1(ii) Edible Oils2.45304

1998 1999 Apr. 2Mar. 29 +Mar. 30Mar. 31Apr. 1Apr. 2 +1234567BSE SENSEX (1978-79=100)3,992.72 3,683.493,739.963,686.29 S & P CNX NIFTY (3.11.1995=1000)1,157.40 1,054.601,078.051,063.45 Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.+ : Market closed.

(Rs. crore) Fortnight Ended Nov. 6, '98Nov. 20, '98Dec. 4, '98Dec. 18, '98Jan. 1, '99Jan. 15, '99Jan. 29, '991 23456781.Banks a)Borrowing8,8767,9427,3488,2538,31310,60910,206 b)Lending7,2138,8617,5687,1476,1215,7577,0772.Primary Dealers a)Borrowing4,5255,4615,8085,5643,8633,7305,884 b)Lending8011,4131,7171,4981,2131,7031,8943.Non-Bank Institutions a)Lending3,6143,5383,4954,5094,6585,6535,259

(Rs. crore) Week Ended ItemsFeb. 26, '99Mar. 5, '99Mar. 12, '99Mar. 19, '99Mar. 26, '99Apr. 2, '99 1234567I. Outright Transactions a.Govt. of India Dated Securities3,78010,43215,1006,3217,2686,023b.State Goverment Securities532717296992c.14- Day Treasury Bills2492932335221428d.91- Day Treasury Bills735392439480117130e.364 - Day Treasury Bills461,0801,0101,0726541,672II. RBI *5357172,20376345961@ : Excluding Repo Transactions.* : RBI's sales and purchases include trans

(US$ Million) MerchantInter-bank FCY/INRFCY/FCYFCY / INRFCY/FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 12345678910111213Purchases Mar.22, 1999515124793312105706226121912511 Mar.23, 1999271951051434184568629639416620 Mar.24, 19993719711732394039586412344835534 Mar.25, 1999 + Mar.26, 19995621381975839507431,01912153533249 Sales Mar.22, 199929619263711108746117625114012 Mar.23, 1999239142426141849971

(Rs. crore) Week Ended Feb. 27, '99Mar. 6, '99Mar. 13, '99Mar. 20, '99Mar. 27, '99Apr. 3, '991234567Amount4.397.6536.343.3444.0145.36 Source: National Stock Exchange of India Ltd.

1998 1999 ItemAs on FridayApr. 3Mar. 5Mar. 12Mar. 19Mar. 26Apr. 212345678Standard GoldOpening4,0704,3604,3904,3154,2704,340 (Rs. per 10 grams)Closing4,1204,3604,4004,3054,2504,345 Silver (999.0 fineness)Opening8,8308,0007,9957,6157,6757,685 (Rs. per kilogram)Closing8,8508,0007,9557,6007,6707,710Note : In case Friday is a holiday, prices relate to the preceding working day.Source : Bombay Bullion Association Ltd.

(Rs. crore)Holders April 2, 1999 Variation in Total Treasury Bills Treasury Bills of Different MaturitiesTotalOver theOver End 14 Day14 Day91 Day364 Day(2+3+4+5)WeekMarch (Auction)(Intermediate)(Auction)(Auction) 12345678Reserve Bank of India100-22449081421- Banks71-8277,7008,598644- State Governments-9,286--9,2861,6872,683 Others303714492,0102,859-66925

(Devolvement/Private Placement on RBI and OMO Sales/Purchases) (Face Value in Rs. crore) Gross Amount RaisedNet Amount Raised 1999-2000 (Upto April 2, 1999)1998-99 (Upto April 3, 1998)1998-99 (Apr. '98- Mar. '99)1999-2000 (Upto April 2, 1999)1998-99 (Upto April 3, 1998)1998-99 (Apr. '98- Mar. '99) 1234561. Total--83,753--68,950 of which 1.1 Devolvement/Private Placement on RBI--38,205 2. RBI's OMO Sales76116526,348 Purchases---

(Rs. crore) For the Week Ended March 26, 1999 For the Week Ended April 2, 1999ItemsAmountYTM (%PA) IndicativeAmountYTM (%PA) Indicative MinimumMaximum MinimumMaximum1 2345 6 7I. Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1999-003139.366511.9319677.387610.5059 2000-0141310.465911.076261210.133112.0781 2001-0263310.882111.179761210.652611.1635 2002-03 $44411.188411.417113611.053811.5774 2003-0446011.355611.666422611.403811.5642 2004-057