(Rs.crore) 2003 2004 Variation Item Aug. 15 Aug. 6 Aug. 13# Week Year 1 2 3 4 5 6 Notes issued 2,90,779 3,30,115 3,30,878 763 40,099 Notes in circulation 2,90,761 3,30,102 3,30,870 768 40,109 Notes held in Banking Department 18 13 8 –5 –10 Deposits Central Government 101 100 100 — –1 Market Stabilisation Scheme — 47,161 45,925 –1,236 45,925 State Governments 41 41 41 — — Scheduled Commercial Banks 75,229 74,526 86,193 11,667 10,964 Scheduled State Co-operative Banks 1

Variation over Item As on Aug. 13, 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 5,52,066 1,19,322 –2,017 –14 61,937 6,363 81,594 16,171 1,55,396 32,938 (a) Foreign Currency Assets 5,26,902 1,13,900 –2,019 –18* 60,687 6,452 81,670 16,283 1,51,427 32,115 (b) Gold 19,150 4,123 — — 934 –75 –75 –92 2,410 495 (c) SDRs 7 1 –1 –1 –3 –1 –6 –2 –1 –1 (d)

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Aug. 6# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 37,041 –39 –1,780 207 797 –1,633 Borrowings from Banks (1) 13,833 616 –1,692 –1,193 –1,471 –4,113 Other demand and time liabilities(2) 2,519 356 341 –108 560 –76 Liabilities to Others Aggregate deposits@ 15,82,649 13,236 76,878 78,233 1,43,498 2,24,9

(per cent per annum) 2003 2004 Item / week ended Aug. 8 Jul. 2 Jul. 9 Jul. 16 Jul. 23 Jul. 30 Aug. 6 1 2 3 4 5 6 7 8 Cash Reserve Ratio (per cent)(1) 4.50 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) 10.50-11.50 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) 5.00-6.00 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 Aug. 6 Mar. 21 Aug. 8 1 2 3 4 5 6 7 1. Bank Credit 8,40,785 8,92,228 51,443 7,29,215 7,29,765 550 (6.1) (0.1) A. Food Credit 35,961 42,442 6,481 49,479 43,251 –6,228 B. Non-Food Credit 8,04,824 8,49,786 44,962 6,79,736 6,86,514 6,778 (5.6) (1.0) 2. Investments £ 88,985 86,200 @ –2,785 92,854 88,389 + –4,464 A. Commercial Paper 3,770

Foreign 2003 2004 2003 2004 Currency Aug. 14 Aug. 9 Aug. 10 Aug. 11 Aug. 12 Aug. 13 Aug. 14 Aug. 9 Aug. 10 Aug. 11 Aug. 12 Aug. 13 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 45.9100 46.3800 46.4600 46.3600 46.2600 46.2600 (Based on Middle Rates) Euro 51.9700 56.9600 57.0300 56.7300 56.6100 56.4200 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 45.9050 46.3700 46.4500 46.350

(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# Aug. 6# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,03,102 20,97,710 13,576 0.7 95,311 5.5 94,607 4.7 1,89,622 11.7 2,84,440 15.7 M3 Components (i+ii+iii+iv) (i) Currency with the Public 3,15,493 3,25,132 120 — 15,278 5.6 9,639 3.1 32,378 12.7 38,273 13.3 (ii) Demand deposits with banks 2,56,039 2,

(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 Aug. 13# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,512 4,35,409 12,388 2.9 13,632 3.7 –1,103 –0.3 46,279 13.8 52,715 13.8 Components (i+ii+iii) (i) Currency in circulation 3,27,028 3,38,182 768 0.2 15,463 5.5 11,154 3.4 35,127 13.4 40,246 13.5 (ii) Bankers' deposits with RBI 1,04,365 92

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo 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 Aug. 9,2004 7 40 16,980 40 16,980 4.50 — — — — — –16,980 53,235 Aug. 9,2004 14 7 2,580 7 2,580 4.50 — — — — — –2,580 55,815 Aug. 10, 2004 7 20 6,085 20 6,085 4.50

(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 Jan. 7 Jan. 9 500 35 892 — 17 500 — — — 500 98.96 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 Jan. 7 Jan. 9 1,000 33 1,350 3 25 1,000 3 — — 1,0

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Jul. 24 Jul. 25 Jul. 26 Jul. 27 Jul. 28 Jul. 29 Jul. 30 Jul. 31 Aug. 1 Aug. 2 Aug. 3 Aug. 4 Aug. 5 Aug. 6 Aug.6, 2004 78,521 1,57,039 2,35,477 3,10,949 3,85,488 4,62,614 5,40,004 6,19,207 6,98,416 7,74,713 8,51,696 9,26,217 10,02,257 10,76,508 Aug. 7 Aug. 8 Aug. 9 Aug. 10 Aug. 11 Aug. 12 Aug. 13 Aug. 14 Aug. 15 Aug. 16 Aug. 17 Aug. 18 Aug. 19 Aug. 20 Aug. 20, 2004 73,495 1,46,991 2,18,438 2,88,163 3,

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 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 Apr. 2, 2004 4,626 191 3.75 — 5.16 Jun. 25, 2004 5,438 522 3.96 — 6.75 Jul. 9, 2004 5,529 166 4.14 — 6.75@: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 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 Jul. 15, 2004 10,688 954 4.63 — 7.00 Jul. 31, 2004 10,848 1,173 4.61 — 5.60 Aug. 15, 2004 11,097 988 4.65 — 6.50@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Aug. 2 Jun. 5* Jul. 31# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.4 184.7 186.6 0.2 1.2 3.5 7.6 Primary Articles 22.02 180.3 191.1 191.7 0.4 3.5 5.9 6.3 (i) Fruits and Vegetables 2.92 193.1 210.9 196.2 0.8 3.8 13.4 1.6 Fuel, Power, Light and Lubricants 14.23 249.5 266.1 274.4 — –0.2 4.4 10.0 Manufactured Products 63.75 154.1 164.4 165.2 0.2 0.7 2.2 7.2 (i) Sugar, Khandsari and G

2003 2004 Aug. 13 Aug. 9 Aug. 10 Aug. 11 Aug. 12 Aug. 13 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3926.07 5233.21 5252.05 5175.16 5139.77 5102.92 S & P CNX NIFTY (3.11.1995=1000) 1246.90 1642.60 1652.15 1621.60 1607.20 1598.20+:Market closed

(Rs. crore) WeekEnded Jul. 2, 2004 Jul. 9, 2004 Jul. 16, 2004 Jul. 23, 2004 Jul. 30, 2004 Aug. 6, 2004 Aug. 13, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 1,691 2,445 2,521 2,055 3,109 3,087 4,406 (b) Lendings 1,633 1,951 1,932 1,597 1,920 2,144 4,791 2. Primary Dealers (a) Borrowings 1,386 2,662 2,547 2,335 2,027 2,152 3,695 (b) Lendings 36 28 47 72 13 53 116 3. Non-Bank Institutions (a) Lendings 1,554 1,941 1,865 2,057 2,043 2,080 2,137 4. Total (a) Borrowings 3,0

(Rs. crore) WeekEnded Items Jul. 9, 2004 Jul. 16, 2004 Jul. 23, 2004 Jul. 30, 2004 Aug. 6, 2004 Aug. 13, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 41,912 19,364 25,557 23,881 24,910 26,063 (b) State Government Securities 952 1,269 1,610 988 556 188 (c) 91 – Day Treasury Bills 3,854 7,144 5,166 6,048 6,793 6,368 (d) 364 – Day Treasury Bills 2,746 1,880 2,456 4,092 3,498 2,054 II. RBI* — 22 6 12 11 45 @ :Excluding Repo Transactions.

(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 Jul. 26, 2004 451 163 163 23 33 61 1,982 1,090 133 577 186 4 Jul. 27, 2004 496 280 114 7 31 39 1,143 1,067 127 550 139 3 Jul. 28, 2004 498 268 139 45 116 62 1,311 984 80 744 559 18 Jul. 29, 2004 590 201 268 20 36 60 1,508 1,195 96 712 25

(Rs. crore) WeekEnded Jul. 10, 2004 Jul. 17, 2004 Jul. 24, 2004 Jul. 31, 2004 Aug. 7, 2004 Aug. 14, 2004 1 2 3 4 5 6 7 Amount 258.01 345.83 386.26 342.30 191.73 237.11 Source : National Stock Exchange of India Ltd.

(Rs. crore) Aug. 13, 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 — 16,934 28,177 45,111 1,944 25,718 State Governments 8,610 1,330 — 9,940 –1,798 2,484 Others 614 7,855 6,194 14,663 –3,182 406

(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 Aug. 13, 2004) Aug. 15, 2003) Aug. 13, 2004) Aug. 15, 2003) 1 2 3 4 5 6 7 1. Total 64,000 $ 88,434 1,35,934 38,224 $ 56,316 88,807 of which : 1.1 Devolvement/Private Placement on RBI 217 5,000 21,500 2. RBI's OMO Sales 716 5,724 41,849 Purchases — — — $ : Includes Rs.20,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Aug. 6, 2004 For the Week Ended Aug. 13, 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 — — — — — — 2005-06 485 4.8141 4.8599 83 4.9003 5.2115 2006-07 215 4.9926 5.1850 36 5.3435 5.6983 2007-08 105 5.4765 5.5202 210 5.6156 6.2049 2008-09 908 5.6494 6.2060 591 5.8966 6.4808