(Rs.crore) 20032004VariationItemJan. 31Jan. 23Jan. 30#WeekYear123456Notes issued2,66,1003,09,1163,08,671–44542,571Notes in circulation2,66,0613,09,1013,08,644–45742,583Notes held in Banking Department39152712–12Deposits Central Government100101101—1State Governments414141——Scheduled Commercial Banks66,46778,18871,583–6,6055,116Scheduled State Co-operative Banks1,9061,5761,801225–105Other Banks4,2224,4944,675181453Others6,7337,7708,3405701,607Other liabilities1,29,4711

   Variation overItemAs on Jan. 30, 2004WeekEnd-March 2003End-December 2003Year Rs.CroreUS$ Mn. Rs.CroreUS$ Mn.Rs.CroreUS$ Mn.Rs.CroreUS$ Mn.Rs.CroreUS$ Mn.1234567891011Total Reserves4,75,8731,04,9982,9477611,17,59329,57011,4033,1631,24,14531,415of which : (a)Foreign Currency Assets4,56,6351,00,7802,947761*1,15,15928,89011,4033,1631,22,57030,892(b)Gold19,2254,215——2,440681——1,595527(c) SDRs133––—–6–1——–20–4Memo Item : RTP**5,9431,312–81–162,75

(Rs. crore) Outstanding Variation over as on Financial year so farYear-on-yearItem 2004 Fortnight Jan. 23# 2002-20032003-2004200320041 234567Liabilities to the Banking System Demand and time deposits from Banks36,314905,716–4,1406,300–830 Borrowings from Banks(1) 13,091107–75–6,5473,076–7,083 Other demand and time liabilities(2)2,243–1,761–314–1169334Liabilities to Others Aggregate deposits@ 14,39,6852,2921,62,7761,58,8321,89,4671,73,549 (0.2)(14.8)(12.4)(17.6)(13.7)

(per cent per annum)20032004Item / week endedJan. 24Dec. 19Dec. 26Jan. 2Jan. 9Jan. 16Jan. 2312345678Cash Reserve Ratio (per cent)(1)4.754.504.504.504.504.504.50Bank Rate6.256.006.006.006.006.006.00I.D.B.I.(2)12.5012.5012.5012.5012.5012.5012.50Prime Lending Rate(3)10.75-11.5010.50-11.0010.50-11.0010.25-11.0010.25-11.0010.25-11.0010.25-11.00Deposit Rate(4)5.50-6.255.00-5.755.00-5.755.00-5.755.00-6.005.00-5.505.00-5.50Call Money Rate (Low / High)(5)- Borrowings3.50/6.753

(Rs. crore) 2003 - 2004 2002 - 2003 OutstandingVariationsOutstandingVariationsas on(3) - (2)as on(6) - (5) 20032004 20022003 Item Mar. 21Jan. 23Mar. 22Jan. 2412345671. Bank Credit7,29,2157,95,35066,1355,89,7236,97,5311,07,808 (9.1) (18.3) A.Food Credit49,47936,686–12,79353,97849,784–4,194 B. Non-Food Credit6,79,7367,58,66478,9285,35,7456,47,7471,12,002 (11.6) (20.9)2. Investments £92,85488,214 @–4,63981,00092,117 +11,117 A.Commercial Paper4,0074,3363298,4975,477–3,020

Foreign2003200420032004CurrencyJan. 31Jan. 26+Jan. 27Jan. 28Jan. 29Jan. 30Jan. 31Jan. 26+Jan. 27Jan. 28Jan. 29Jan. 301234567891011121314RBI's Reference Rate (Rs. per Foreign Currency)Foreign Currency per Rs. 100@U.S. Dollar47.800045.360045.340045.350045.3100(Based on Middle Rates)Euro51.630056.570057.310056.510056.1300FEDAI Indicative Rates (Rs. per Foreign Currency)U.S.{Buying47.795045.350045.335045.340045.30002.09212.20462.20562.20512.2070DollarSelling47.805045.3600

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2003 2004 Fortnight 2002-2003 2003-2004 2003 2004 Item Mar. 31# Jan. 23# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 17,25,222 19,25,368 4,381 0.2 1,98,884 13.3 2,00,146 11.6 2,38,814 16.4 2,28,129 13.4 M3 [16,95,551] [1,67,438] [11.2] [2,07,368] [14.2] Components (i+ii+iii+iv) (i) Currency with the Public 2,70,983 3,05,975 698 0.2 24,503 10.2 34,992 12.9 31,

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2003 2004 Week 2002-2003 2003-2004 2003 2004 Item Mar. 31# Jan. 30# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 3,69,061 3,98,650 –6,084 –1.5 10,808 3.2 29,588 8.0 36,868 11.8 49,871 14.3 Components (i+ii+iii) (i) Currency in circulation 2,82,473 3,15,885 –457 –0.1 22,080 8.8 33,412 11.8 32,037 13.3 42,831 15.7 (ii) Bankers' deposits with RBI 83

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo/RR OutstandingLAF periodBids ReceivedBids AcceptedCut-OffBids ReceivedBids AcceptedCut-Offabsorption(-) of Amount @Date (Day(s))NumberAmountNumberAmountRate(%)NumberAmountNumberAmountRate(%)liquidity (11-6) 1 234567891011121314Jan.27, 200415027,6005027,6004.50—————–27,60027,600Jan.27, 200413124,455124,4554.50—————–4,45532,055Jan.28, 200415335,2805335,2804.50—————–35,28039,735Jan.29, 200415337,2605337,2604.50—————–37,

(Rs. crore)Date ofDate ofNotifiedBids ReceivedBids AcceptedDevolvement onTotalWeigh-ImplicitAmountAuctionIssueAmount Total Face Value Total Face Value IssuetedYield atOutstanding Number Number PDs/SDs*RBI (8+9+AverageCut-offas on the Com-Non- Com-Non- petitiveCom- petitiveCom- 10+11)PricePriceDate of Issue petitive petitive (per cent)(Face Value)1 2 34567891011121314152003-2004 Jul.2Jul.450031778—25500———50098.775.02237,488Oct.1Oct.350024730—16500———50098.904.489815,0

(Rs. crore)Date ofDate ofNotifiedBids ReceivedBids AcceptedDevolvement onTotalWeigh-ImplicitAmountAuctionIssueAmountTotal Face ValueTotal Face ValueIssuetedYield atOutstandingNumberNumberPDs/SDs*RBI(8+9+AverageCut-offas on theCom-Non-Com-Non-petitiveCom-petitiveCom-10+11)PricePriceDate of Issuepetitive$petitive$(per cent)(Face Value)1234567891011121314152003-2004Jul.9Jul.111,000512,43029211,00029——1,02995.284.964826,128Oct.1Oct.31,000461,615—401,000———1,00095.744.4932

(Rs. crore)FortnightDateEnded123456789101112131415Jan. 10Jan. 11Jan. 12Jan. 13Jan. 14Jan. 15Jan. 16Jan. 17Jan. 18Jan. 19Jan. 20Jan. 21Jan. 22Jan. 23Jan. 23,200468,9891,37,9772,07,8642,82,3453,47,7744,16,0894,84,0995,51,1806,18,2626,95,2007,68,2598,36,9029,08,4119,84,522Jan. 24Jan. 25Jan. 26Jan. 27Jan. 28Jan. 29Jan. 30Jan. 31Feb. 1Feb. 2Feb. 3Feb. 4Feb. 5Feb. 6Feb. 6,200478,4641,56,9282,35,3913,05,8573,70,9064,39,4815,11,840Note : Figures are the scheduled commercial b

(Rs. crore)Fortnight endedTotal AmountIssued duringRate of InterestOutstanding #the fortnight #(per cent)@1234Jan.10, 20031,199594.37 — 6.61Apr.4, 20031,188255.25 — 7.40Jul.11, 20032,242444.45 — 6.25Oct.3, 20033,154483.75 — 6.75Dec.12, 20033,6430.664.00 — 6.00Dec.26, 20033,8301133.75 — 6.00@: Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal AmountReported duringRate of Interest Outstandingthe fortnight(per cent)@1 234Jan.15, 20038,6458865.70 — 7.50Apr.15, 20035,8397525.25 — 8.15Jul.15, 20037,0691,1425.15 — 6.80Oct.15, 20036,9741,0274.75 — 7.75Jan.15, 20049,5251,5424.63 — 6.00Jan.31, 20049,5626684.70 — 5.75@ : Typical effective discount rate range per annum on issues during the fortnight.

20032004Percentage Variation overWeightJan. 18Nov. 22*Jan. 17#WeekMonthEndYearItems / Week endedMarch123456789ALL COMMODITIES100.00167.9177.1178.20.21.03.46.1Primary Articles22.02174.5183.6182.60.41.62.54.6(i)Fruits and Vegetables2.92172.5213.0191.71.00.75.311.1Fuel, Power, Light and Lubricants14.23241.8255.2262.2—1.92.38.4Manufactured Products63.75149.2157.4157.90.10.44.25.8(i)Sugar, Khandsari and Gur3.93126.7142.2138.7–0.4–1.37.39.5(ii)Edible Oils2.76144.3159.3159.5

20032004 Jan. 30Jan. 26+Jan. 27Jan. 28Jan. 29Jan. 301 234567BSE SENSEX (1978-79=100)3219.88 5993.065876.055802.755695.67S & P CNX NIFTY (3.11.1995=1000)1034.60 1904.701863.101843.601809.75+:Market closed.

(Rs. crore) Week Ended Dec. 19, 2003Dec. 26, 2003Jan. 2, 2004Jan. 9, 2004Jan. 16, 2004Jan. 23, 2004Jan. 30, 20041 23456781. Banks (a)Borrowings2,5702,2962,4832,5662,2862,4261,682 (b)Lendings3,7833,4234,6894,2564,2434,0962,9822. Primary Dealers (a)Borrowings5,6935,6015,9395,7255,7505,5224,150 (b)Lendings11610146265150103. Non-Bank Institutions (a)Lendings3,3043,4043,0342,8982,9253,2952,4554. Total (a)Borrowings8,2637,8978,4228,2918,0367,9485,832 (b)Lendings7,2036,9287,

(Rs. crore) Week Ended Items Dec. 26, 2003Jan. 2, 2004Jan. 9, 2004Jan. 16, 2004Jan. 23, 2004Jan. 30, 20041 234567I.Outright Transactions (a)Govt. of India Dated Securities42,01347,31168,57536,02331,64725,280 (b)State Government Securities374777580654354239 (c)91 – Day Treasury Bills1,7452,2862,1961,4901,300472 (d)364 – Day Treasury Bills1,6074,0961,7612,1631,6382,775II.RBI* —1575,021——50 @ :Excluding Repo Transactions. *: RBI's sales and purchases include transactions

(US$ Million) Merchant Inter-bank FCY / INR FCY / FCY FCY / INR FCY / FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 1 2345678910111213 Purchases Jan.12, 2004686441636610242158215346672419023 Jan.13, 200457033652889211512521776528701919 Jan.14, 200459730337117587096715186087233913 Jan.15, 200450725112389941567412795056621220 Jan.16, 200460431055991711769621293217253661 Sales Jan.12, 200445823289491295

(Rs. crore) Week Ended Dec. 27, 2003Jan. 3, 2004Jan. 10, 2004Jan. 17, 2004Jan. 24, 2004Jan. 31, 20041234567Amount186.32247.80157.45296.3384.06120.08 Source : National Stock Exchange of India Ltd.

(Rs. crore)Jan. 30, 2004Variation in Total Treasury BillsHoldersTreasury Bills of Different MaturitiesTotalOver theOver End14 Day91 Day364 Day(2+3+4)WeekMarch(Intermediate)(Auction)(Auction)1234567Reserve Bank of India—————–1,019Banks—2,62415,60318,227–10–10,667State Governments4,290200—4,490133–1,903Others233,91410,52814,465–1499,311

(Devolvement/Private Placement on RBI and OMO Sales/Purchases)(Face Value in Rs. crore)Gross Amount RaisedNet Amount Raised2003-20042002-20032002-20032003-20042002-20032002-2003(Upto(Upto(Upto(UptoJan. 30, 2004)Jan. 31, 2003)Jan. 30, 2004)Jan. 31, 2003)12345671. Total1,25,934*$1,12,0001,25,00093,81684,58097,580of which :1.1 Devolvement/PrivatePlacement on RBI16,500 $23,17536,1752. RBI's OMO Sales41,74553,62653,780Purchases———*: Includes Rs.14,434 crore representing fa

(Amount in Rs. crore) For the Week Ended Jan. 23, 2004 For the Week Ended Jan. 30, 2004 Item AmountYTM (%PA) Indicative** AmountYTM (%PA) Indicative** MinimumMaximum MinimumMaximum1 23 456 7I.Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 2003-041054.37974.44223894.34274.4437 2004-052804.43754.54172514.47364.5208 2005-062764.47294.59711484.49534.5381 2006-07954.59064.8443— — — 2007-08584.68144.7386864.75194.7757 2008-096464.75875.11092944