(Rs. crore) Item19971998Variation over Dec. 12Dec. 4Dec. 11WeekYear 123456Notes in circulation1,47,9601,62,7571,64,6411,88416,681 Notes issued1,47,9861,62,7921,64,6761,88416,690 Notes held in Banking Department263534-18Deposits : Central Government5150511— State Governments131212—-1 Scheduled Commercial Banks54,29669,76472,8573,09318,561 Scheduled State Co-operative Banks626666781115155 Other Banks8941,1621,139-23245 Others4,8805,6525,588-64708 Other liabilities44,947

Variation over As on Dec. 18, 1998WeekEnd-March 1998End-December 1997YearItem Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.1 234567891011Total Reserves1,26,53429,746-482-810,62937919,2392,39119,4582,373of which : (a) Foreign Currency Assets1,13,42526,671-482-810,91869619,4472,70620,3622,929 (b) Gold12,9633,041——-431-350-50-272-590-473 (c) SDRs14634——14233-158-43-314-83Note:1. Foreign currency assets expressed in US dollar terms inclu

(Rs. crore) Outstanding as onVariation overItem1998 Financial year so far Dec. 4#Fortnight1997-981998-99Year123456 Liabilities to the Banking System Demand and time deposits from banks29,3101,0484,4655,6287,449Borrowings from Banks(1)10,585-9314,2863,4253,041Other demand and time liabilities(2)458-3919-987-1,000Liabilities to Others Aggregate deposits6,79,704@1,69753,13874,2941,20,967 (0.3)(10.5)(12.3)(21.7)Demand99,225-1,233-2,188-3,28810,803Time5,80,480@2,93255,3267

(Per cent per annum) 19971998Item / week endedDec. 12Nov. 13Nov. 20Nov. 27Dec. 4Dec. 111234567Bank Rate9.009.009.009.009.009.00I.D.B.I.113.5014.0014.0014.0014.0014.00Prime Lending Rate212.5.13.012.75-13.012.75-13.012.75-13.012.75-13.012.75-13.Deposit Rate39.0-11.59.0-11.59.0-11.59.0-11.59.0-11.59.0-11.5Call Money Rate (Low / High)46.50/9.007.85/ 8.355.50/ 9.157.10/9.005.75/8.107.90/8.201. Medium Term Lending Rate (MTLR). 2. Prime Lending Rate relates to five major ban

(Rs. crore) 1998-991997-98 OutstandingVariationsOutstandingVariations as on(3) - (2)as on(6) - (5) Item1998 1997 Mar. 27Dec. 4 Mar. 28Dec. 5 12345671.Bank Credit3,24,0793,37,43213,3542,78,4012,88,72210,320 (4.1) (3.7) A.Food Credit12,48516,0063,5207,59711,8464,249 B.Non-Food Credit3,11,5943,21,4279,8332,70,8052,76,8766,071 (3.2) (2.2) 2.Investments 33,08443,692@10,60819,41131,760+12,349 A.Commercial Paper2,0664,4812,4166525,7755,123 B.Bonds/Debentures/Preference Share

Foreign 1997 1998 1997 1998 Currency Dec. 19Dec.14Dec. 15Dec. 16Dec. 17Dec. 18Dec. 19*Dec. 14Dec. 15Dec. 16Dec. 17Dec. 181234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar)Foreign Currency per Rs. 100@ 39.230042.590042.570042.550042.550042.5400(Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying39.220042.580042.565042.540042.545042.54002.54912.34802.34912.35022.35022.3507DollarSelling39.240042.590042.575042.550042.555042.550

(Rs. crore) Outstanding as onVariation over Item Financial year so far 1998Fortnight1997-981998-99Year Mar. 31#Dec. 4#Amount%Amount%Amount%Amount% 1234567891011 M3 8,25,3899,21,6534,0330.470,48610.096,26411.71,49,31919.3Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,61,1082,3891.513,80310.415,92511.015,21810.4(ii)Demand deposits with banks1,18,4351,14,429-1,176-1.0-3,463-3.3-4,007-3.412,55812.3(iii)Time deposits with banks5,58,1676,42,580@2,9410.560,096

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998Week1997-981998-99Year Mar. 31#Dec. 11#Amount%Amount%Amount%Amount% 1234567891011Reserve Money2,26,2332,46,4125,0042.19,9895.020,1798.936,43817.4 Components (i+ii+iii) (i)Currency in circulation1,50,8231,68,1631,8841.113,94510.217,34011.517,00111.2 of which : cash with banks5,641.. (ii)Bankers' deposits with RBI71,80674,7773,1854.4-3,758-6.32,9724.118,96134.0 (iii)"Other" deposits with RBI3,60

(Rs. crore)Date ofDate ofNotifiedCompetitiveDevolvementNon-Compe-TotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountBidson PDs andtitive BidsIssueAverageat Cut-offding as on the AcceptedRBIAccepted(4+5+6)PricePriceDate of Issue (Face Value)(Face Value)(Face Value)(Face Value) (per cent)(Face Value)12345678910Jan. 2, ’98Jan. 3, ’98— 35 100 — 135 99.73 7.0390 370 Apr. 3, ’98Apr. 4, ’98100 100 — — 100 99.72 7.3004 235 Jul. 3, '98Jul. 4, '98100 100 — — 100 99.77

(Rs. crore)Date ofDate ofNotifiedCompetitiveDevolvementNon-Compe-TotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountBidson PDs andtitive BidsIssueAverageat Cut-offding as on the AcceptedRBIAccepted(4+5+6)PricePriceDate of Issue (Face Value)(Face Value)(Face Value)(Face Value) (per cent)(Face Value)12345678910Jan. 2, ’98Jan. 3, ’98200 — — 200 200 98.23 7.2076 3,650 Apr. 3, ’98Apr. 4, ’98100 10 90 25 125 98.20 7.3320 1,525 Jul. 3, '98Jul. 4, '98100 20 80 50 150

(Rs. crore)Date ofDate ofNotifiedBidsDevolvementTotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountAcceptedon PDs andIssueAverageat Cut-offding as on the RBI(4+5)PricePriceDate of Issue (Face Value)(Face Value)(Face Value) (Per cent)(Face Value)123456789Jan. 14, ’98 Jan. 16, ’98— — — — — — 17,517 @Apr. 7, ’98 Apr. 11, ’98100 6 94 100 92.61 7.9797 14,339Jul. 1, '98 Jul. 3, '98100 — 100 100 92.61 7.9797 10,153 @Oct. 7, '98 Oct. 9, '98400 400 — 400 90.36 10.7174

(Rs. crore)Fortnight endedTotal AmountIssued duringRate of Interest Outstanding #the fortnight #(Per cent)@12 34Oct. 10, 1997 7,572 631 7.50 — 12.00 Jan. 2, 1998 6,876 811 6.50 — 11.75 Apr. 10, 1998 14,584 627 8.25 — 24.00 Jul. 17, 1998 7,287 807 8.00 — 12.50 Sep. 11, 1998 5,772 981 7.75 — 13.50 Sep. 25, 1998 5,686 530 8.25 — 12.60 @ : Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal AmountReported duringRate of Interest Outstandingthe fortnight(Per cent)@1234Jan. 15, 19985,249 1,205 8.05 — 11.75Apr. 15, 19981,030 338 11.75 — 18.00Jul. 15, 19983,912 772 8.20 — 13.50Oct. 15, 19984,803 1,101 9.50 — 13.40Nov. 30, 19985,534 979 9.35 — 13.00Dec. 15, 19985,679 902 9.45 — 12.50@ : Typical effective discount rate range per annum on issues during the fortnight.

19971998Percentage Variation overItem / Week endedWeightDec. 6Oct. 10*Dec. 5#WeekMonthEndYear March 123456789ALL COMMODITIES100.00332.5358.7357.9-0.2-0.66.27.6Primary Articles32.30340.0392.2395.0-0.1-0.813.616.2 (i)Fruits and Vegetables4.09364.6582.9527.30.6-9.644.744.6Fuel, Power, Light and Lubricants10.66377.4382.1382.10.10.6-0.51.2Manufactured Products57.04319.9335.4332.4-0.3-0.83.13.9 (i)Sugar, Khandsari and Gur4.06302.8334.4300.7-3.0-6.8-0.5-0.7 (ii)Edible Oils2.

19971998 Dec. 18Dec. 14Dec. 15Dec. 16Dec. 17Dec. 181234567BSE SENSEX (1978-79=100)3,472.352,990.442,927.482,936.922,864.442,875.09 S & P CNX NIFTY (3.11.1995=1000)1,009.70863.60845.05851.55830.25835.20 Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.

(Rs. crore) Fortnight Ended Jul. 3, '98Jul. 17, '98Jul. 31, '98Aug. 14, '98Aug. 28, '98Sep. 11, '98Sep. 25, '98 123456781.Banks a)Borrowing9,5399,1029,1149,6298,4729,4859,158 b)Lending6,2947,1277,5507,2566,0245,1105,444 2.Primary Dealers a)Borrowing4,9784,4654,9414,8143,1433,0383,824 b)Lending2,0791,6971,6461,5849981,2561,195 3.Non-Bank Institutions a)Lending5,9184,8034,8335,6494,4754,6644,760

(Rs. crore) Week Ended ItemsNov. 13, '98Nov. 20, '98Nov. 27, '98Dec. 4, '98Dec. 11, '98Dec. 18, '98 1234567I.Outright Transactions a.Govt. of India Dated Securities11,0894,0145,4933,8416,5015,684 b.State Government Securities1118838171130 c.14 - Day Treasury Bills178—264115100173 d.91 - Day Treasury Bills2,9262,7742,1141,9431,4151,511 e.364 -Day Treasury Bills1,1001521,281320378495II.RBI*3,696492656303749347@ : Excluding Repo Transactions.* : RBI's sales and purchases

(US$ Million) MerchantInter-bank FCY/INRFCY/FCYFCY/INRFCY/FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 12345678910111213Purchases Dec. 7, 1998272 49 3524 41 30387517 5936615317Dec. 8, 1998209 35 2617 20 14425442 6935612410Dec. 9, 1998242 31311232 14283370134 39010014Dec. 10, 1998232 43 19737 27342440 3743912716Dec. 11, 1998195 181910 14 1617380 10452637 Sales Dec 7, 199833844 203 3727352513 67362150

(Rs. crore) Week Ended Nov. 14, '98Nov. 21, '98Nov. 28, '98Dec. 5, '98Dec. 12, '98Dec. 19, '981234567Amount42.6345.4629.407.8611.7724.28Source: National Stock Exchange of India Ltd.

19971998ItemAs on FridayDec. 19Nov. 20Nov. 27Dec. 4Dec. 11Dec. 18 12345678Standard GoldOpening3,9704,3304,3304,3054,3304,300 (Rs. per 10 grams)Closing4,0154,3304,3304,2954,3254,300 Silver (999.0 fineness)Opening8,3007,4807,4457,2757,3207,395 (Rs. per kilogram)Closing8,3207,5057,4757,2507,3057,400Note : In case Friday is a holiday, prices relate to the preceding working day.Source : Bombay Bullion Association Ltd.

(Rs. crore)HoldersDecember 18, 1998Variation in Total Treasury Bills Treasury Bills of Different MaturitiesTotalOver theOver End 14 day14 day91 Day364 Day(2+3+4+5)WeekMarch (Auction)(Intermediate) 12345678 Reserve Bank of India——4 —4 — -622 Banks 131—3,8044,1878,122 -39-5,198 State Governments4002,9741,100—4,474-866-3,410 Others 69 386 762 1,1272,344 321-1,671

(Rs. crore) Gross AmountRepaymentsNet Amount Raised Raised uptoupto1998-99 December 18, 1998December 18, 1998(upto(upto December 18, 1998)December 19, 1997)12345Total75,7539,80365,95026,884

(Rs. crore) For the Week EndedFor the Week Ended December 18, 1998 ItemsAmountYTM (%PA)AmountYTM (%PA) Indicative Indicative MinimumMaximum MinimumMaximum1 234567I.Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1998-99499.06289.61111898.894910.0163 1999-004429.720610.77253819.696611.1036 2000-0166410.960911.351849011.121311.5825 2001-0287511.435511.609690611.473711.5379 2002-03$8211.547811.710410311.647311.6706 2003-0461111.739611.9580525