(Rs.crore) 2003 2004 Variation Item Apr.18 Apr.9 Apr.16# Week Year 1 2 3 4 5 6 Notes issued 2,87,811 3,27,205 3,32,330 5,125 44,519 Notes in circulation 2,87,764 3,27,195 3,32,306 5,111 44,542 Notes held in Banking Department 47 10 24 14 –23 Deposits Central Government 110 13,565 5,381 –8,184 5,271 Market Stabilisation Scheme — 5,000 13,925 8,925 13,925 State Governments 162 187 41 –146 –121 Scheduled Commercial Banks 76,242 76,939 66,223 –10,716 –10,019 Scheduled Sta

Variation over Item As on Apr. 16, 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 5,15,903 1,17,592 9,743 1,532 25,774 4,633 45,431 14,441 1,52,309 40,845 (a) Foreign Currency Assets 4,92,021 1,12,103 9,758 1,543* 25,806 4,655 46,789 14,486 1,48,406 39,564 (b) Gold 18,216 4,198 — — — — –1,009 –17 1,431 664 (c) SDRs 10 2 — — — — –3 –1 –9 –2 (d) Re

(Rs.crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Apr. 2# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 41,210 4,385 1,472 4,385 9,350 –716 Borrowings from Banks (1) 15,947 979 –839 979 –5,204 –2,852 Other demand and time liabilities (2) 2,445 –162 1,704 –162 1,813 –1,513 Liabilities to Others Aggregate deposits@ 15,42,757 40,825 43,619 40,825 1,87,424

(percent per annum) 2003 2004 Item / week ended Apr. 11 Mar. 5 Mar. 12 Mar. 19 Mar. 26 Apr. 2 Apr. 9 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 10.25-11.00 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) 2003 - 2004 2002 - 2003 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 2003 2004 2002 2003 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 89,049 @ –3,805 81,000 92,854 + 11,

Foreign 2003 2004 2003 2004 Currency Apr. 17 Apr. 12 Apr. 13 Apr. 14+ Apr. 15 Apr. 16 Apr. 17 Apr. 12 Apr. 13 Apr. 14+ Apr. 15 Apr. 16 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 47.3700 43.6500 43.7600 43.9000 43.8900 (Based on Middle Rates) Euro 51.8200 52.6500 52.6000 52.4700 52.6300 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 47.3600 43.6500 43.7500 43.9000 43.8750 2.

(Rs. crore) Outstanding as on Variation over 2004Fortnight Financial year so far Year-on-year 2003-2004 2004-2005 2003 2004 Item Mar. 31# Apr. 2# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 20,00,349 20,39,871 39,198 2.0 42,974 2.5 39,521 2.0 2,26,622 14.8 2,77,694 15.8 [1,97,220] [12.8] Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,15,464 –2,528 –0.8 3,476 1.3 –1,294 –0.4 28,771 11.7 40,606 14.8 (ii) Demand deposit

(Rs. crore) Outstanding as on Variation over 2004Week Financial year so far Year-on-year 2003-2004 2004-2005 2003 2004 Item Mar. 31# Apr. 16# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,15,685 –5,869 –1.4 11,199 3.0 –20,744 –4.8 36,251 10.5 35,425 9.3 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,39,597 5,111 1.5 12,398 4.4 12,573 3.8 33,879 13.0 44,726 15.2 (ii) Bankers' deposits with RBI 1,04,365

(Rs. crore) Repo/RR REPO REVERSE REPO Net injection(+)Outstanding LAF period Bids Received Bids Accepted Cut-Off Bids Received Bids Accepted Cut-Off absorption(-) of Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) Amount @ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Apr. 12, 2004 7 51 29,800 51 29,800 4.50 — — — — — –29,800 71,860 Apr. 13, 2004 7 48 29,310 48 29,310 4.50 — — — — — –29,310 72,640 Apr. 15, 2004 7 45 15,580 45

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Total Face Value Total Face Value Issue ted Yieldat Outstanding Number Com- Non- Number Com- Non- PDs/SDs* RBI (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 AmountNumber Total Face ValueNumberTotal Face Value Issue ted Yieldat Outstanding Com- Non- Com- Non- PDs/SDs* RBI (8+9+ Average Cut-off as on the petitive Com petitive - petitive Com- 10+11) Price Price Date of Issue $ 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 Mar. 20 Mar. 21 Mar. 22 Mar. 23 Mar. 24 Mar. 25 Mar. 26 Mar. 27 Mar. 28 Mar. 29 Mar. 30 Mar. 31 Apr. 1 Apr. 2 Apr. 2, 2004 64,406 1,38,811 2,11,114 2,85,349 3,58,570 4,35,424 5,12,466 5,89,925 6,67,383 7,50,842 8,34,248 9,28,854 10,05,159 10,79,696 Apr. 3 Apr. 4 Apr. 5 Apr. 6 Apr. 7 Apr. 8 Apr. 9 Apr. 10 Apr. 11 Apr. 12 Apr. 13 Apr. 14 Apr. 15 Apr. 16 Apr. 16, 2004 78,538 1,57,076 2,55,554 3,38,888 4

(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 Feb. 20, 2004 4,856 0.96 3.75 — 6.00 Mar. 5, 2004 4,831 347 3.59 — 5.75 @: 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 Mar. 31, 2004 9,131 510 4.70 — 6.50 Apr. 15, 2004 9,590 810 4.66 — 6.20 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Apr. 5 Feb. 7* Apr. 3# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 172.9 179.6 180.5 0.3 0.5 0.3 4.4 Primary Articles 22.02 179.1 182.0 183.4 1.2 1.0 1.2 2.4 (i) Fruits and Vegetables 2.92 192.2 182.0 195.5 10.0 5.6 10.0 1.7 Fuel, Power, Light and Lubricants 14.23 256.2 262.7 263.7 0.2 0.5 0.2 2.9 Manufactured Products 63.75 152.1 160.3 161.0 — 0.4 — 5.9 (i) Sugar, Khandsari and Gur 3

2003 2004 Apr. 16 Apr. 12 Apr. 13 Apr. 14+ Apr. 15 Apr. 16 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3032.32 5783.79 5904.52 5843.97 5862.82 S & P CNX NIFTY (3.11.1995=1000) 958.65 1838.20 1878.45 1861.95 1868.95 +:Market closed

(Rs. crore) WeekEnded Mar. 5, 2004 Mar. 12, 2004 Mar. 19, 2004 Mar. 26, 2004 Apr. 2, 2004 Apr. 9, 2004 Apr. 16, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 1,676 1,634 3,070 2,850 2,218 5,016 3,186 (b) Lendings 1,697 2,076 2,908 2,870 2,692 3,962 2,529 2. Primary Dealers (a) Borrowings 3,967 3,857 4,252 4,333 3,768 5,241 4,069 (b) Lendings 50 119 97 139 17 158 183 3. Non-Bank Institutions (a) Lendings 2,903 2,740 3,442 3,560 1,677 3,471 2,975 4. Total (a) Borrowings

(Rs. crore) WeekEnded Items Mar. 12, 2004 Mar. 19, 2004 Mar. 26, 2004 Apr. 2, 2004 Apr. 9, 2004 Apr. 16, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 60,352 55,167 50,143 62,169 65,426 83,938 (b) State Government Securities 709 1,169 2,642 1,032 83 633 (c) 91 – Day Treasury Bills 1,856 1,595 2,105 1,225 567 6,904 (d) 364 – Day Treasury Bills 4,461 5,392 3,657 2,863 3,166 2,587 II. RBI* 8 — 7 — 89 117 @ :Excluding Repo Transactions.:

(US$ Million) FCY / INRMerchant FCY / FCY FCY / INRInter-bank 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 Mar. 22, 2004 612 292 83 82 101 51 1334 1311 63 842 179 34 Mar. 23, 2004 1072 564 150 10 23 47 2126 1457 59 708 167 1 Mar. 24, 2004 645 764 136 15 30 37 1635 3080 166 611 167 29 Mar. 25, 2004 703 289 137 58 53 61 1290 1513 29 747 276 93 Ma

(Rs. crore) WeekEnded Mar. 13, 2004 Mar. 20, 2004 Mar. 27, 2004 Apr. 3, 2004 Apr. 10, 2004 Apr. 17, 2004 1 2 3 4 5 6 7 Amount 409.64 942.14 535.11 334.02 695.21 265.62 Source: National Stock Exchange of India Ltd.

(Rs. crore) Apr. 16, 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 — 4,216 14,983 19,199 679 –194 State Governments 3,680 700 — 4,380 3,780 –3,076 Others 467 5,323 13,153 18,943 4,764 4,686

(Face Value in Rs. crore) Gross Amount Raised Net Amount Raised 2004-2005 2003-2004 2003-2004 2004-2005 2003-2004 2003-2004 (Upto Apr. 16, 2004) (Upto Apr. 18, 2003) (Upto Apr. 16, 2004) (Upto Apr. 18, 2003) 1 2 3 4 5 6 7 1. Total 10,000 $ 9,000 1,35,934 10,000 $ 2,284 88,807 of which : 1.1 Devolvement/Private Placement on RBI — — 21,500 2. RBI's OMO Sales 206 7 41,849 Purchases — — — $ : Includes Rs.10,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Apr. 9, 2004 For the Week Ended Apr. 16, 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 16 4.4045 — 11 3.7228 — 2005-06 285 4.4809 4.5696 1,629 4.5062 4.5919 2006-07 68 4.5613 5.0416 7 4.5490 — 2007-08 52 4.6049 — 156 4.5598 4.5888 2008-09 610 4.6742 4.9945 755 4.6362 4.943