(Rs. crore) 19981999Variation overItem Jan. 30Jan. 22Jan. 29WeekYear123456Notes in circulation1,44,8861,68,5231,66,968-1,55522,082Notes issued1,44,9081,68,5541,67,010-1,54422,102Notes held in Banking Department2231421120Deposits : Central Government505050——State Governments11111211Scheduled Commercial Banks60,16571,07968,584-2,4958,419Scheduled State Co-operative Banks1,467744701-43-766Other Banks1,0431,1321,15624113Others5,3815,2345,29662-85Other liabilities45,63362,

Variation over As on Feb. 5, 1999WeekEnd- March 1998End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.1234567891011 Total Reserves1,29,71830,5861939513,8131,2191,86453022,3072,857of which : (a) Foreign Currency Assets1,16,89827,56938314014,3911,5942,20561122,5993,209 (b) Gold12,6182,969-190-46-776-422-190-46-287-347 (c) SDRs20248—119847-151-35-5-5Note: 1. Foreign currency assets expressed in US dollar terms inclu

(Rs. crore) Outstanding as on Variation overItem1999 Financial year so far Jan. 29#Fortnight1997-981998-99Year123456 Liabilities to the Banking System Demand and time deposits from banks29,395662,6335,7139,366Borrowings from Banks(1)11,292-2924,8404,1323,194Other demand and time liabilities(2)514-472,182-931-2,207Liabilities to Others Aggregate deposits6,90,269 @5,20762,63684,8591,22,034 (0.8)(12.4)(14.0)(21.5)Demand1,02,3921,998-449-12112,231Time5,87,877 @3,20963,085

(Rs. crore) 1998-991997-98 Outstanding as onVariationsOutstanding as onVariations (3) - (2)(6) - (5) Item 19981999 19971998 Mar. 27Jan. 29 Mar. 28Jan. 30 1 2345671.Bank Credit3,24,0793,49,82925,7502,78,4013,07,06128,660 (7.9) (10.3) A.Food Credit12,48517,0564,5717,59712,4164,819 B.Non-Food Credit3,11,5943,32,77221,1792,70,8052,94,64523,841 (6.8) (8.8) 2.Investments £33,08445,584 @12,50019,41134,967+15,556 A.Commercial Paper2,0664,8972,8326526,2145,562 B.Bonds/Debentur

Foreign 1998199919981999Currency Feb. 6Feb. 1Feb. 2Feb. 3Feb. 4Feb. 5Feb. 6Feb. 1Feb. 2Feb. 3Feb. 4Feb. 51234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100 @ 38.750042.500042.500042.480042.460042.4700 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying38.730042.495042.495042.480042.460042.46502.58062.35292.35292.35402.35522.3546DollarSelling38.750042.505042.505042.490042.470042.4750 Pound{ Buy

(Rs. crore) OutstandingVariation over as on Item Financial year so far 19981999Fortnight1997-981998-99Year Mar. 31#Jan. 15#Amount%Amount%Amount%Amount% 1234567891011 M38,25,3899,34,6668,7030.978,50711.21,09,27713.21,54,31119.8Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,67,1556,7274.213,20710.021,97315.121,86215.0(ii)Demand deposits with banks1,18,4351,16,016-600-0.5-2,497-2.4-2,419-2.013,17912.8(iii)Time deposits with banks5,58,1676,48,150 @2,6950.46

(Rs. crore) OutstandingVariation over as on Item Financial year so far 19981999Week1997-981998-99Year Mar. 31#Jan. 29#Amount%Amount%Amount%Amount% 1234567891011 Reserve Money2,26,2332,44,102-4,007-1.614,2957.117,8697.929,82213.9 Components (i+ii+iii) (i)Currency in circulation1,50,8231,70,529-1,555-0.910,8997.919,70513.122,41215.1 of which : cash with banks5,6413,986 * (ii)Bankers' deposits with RBI71,80670,441-2,513-3.43,1005.2-1,364-1.97,76712.4 (iii)"Other" deposit

(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)12345678910Apr.3, ’98Apr.4, ’98100100--10099.727.3004235 Jul.3, '98Jul.4, '98100100--10099.775.9938600 Oct.9, '98Oct.10, '98500500--50099.678.87

(Rs. crore)Date of AuctionDate of IssueNotifiedAmountCompetitive 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)1234 5678910Apr.3, ’98Apr.4, ’98100 10 902512598.207.33201,525 Jul.3, '98Jul.4, '98100 20 805015098.207.33203,460 Oct.9, '98Oct.10, '985003821184

(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 Outstan- ding as on the Date of Issue (Face Value)123456789 Jan.14, ’98Jan.16, ’98------17,517 @ Apr.7, ’98Apr.11, ’98100 6 9410092.61 7.979714,339 Jul.1, '98Jul.3, '98100-10010092.61 7.979710,153 @ Oct.7, '98Oct.9, '98400400-40090.3610.71745,827 Jan.1

(Rs. crore)Fortnight endedTotal Amount Outstanding#Issued during the fortnight#Rate of Interest (Per cent) @1 234Oct.10, 19977,572 631 7.50 - 12.00Jan.2, 19986,876 811 6.50 - 11.75Apr.10, 199814,584 627 8.25 - 24.00Jul.17, 19987,287 807 8.00 - 12.50Oct.9, 19986,132 786 7.75 - 13.50Oct.23, 19986,214 639 8.25 - 13.00@ : Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal Amount OutstandingReported during the fortnightRate of Interest (Per cent) @1 2 3 4 Jan.15, 19985,249 1,205 8.05 — 11.75 Apr.15, 19981,030 338 11.75 — 18.00 Jul.15, 19983,912 772 8.20 — 13.50 Oct.15, 19984,803 1,101 9.50 — 13.40 Jan.15, 19995,411 1,215 9.75 — 13.00 Jan.31, 19995,261 1,086 9.60 — 13.45 @ : Typical effective discount rate range per annum on issues during the fortnight.

19981999Percentage Variation overItem / Week endedWeightJan. 24Nov. 28 *Jan. 23#WeekMonthEnd MarchYear123456789ALL COMMODITIES100.00338.0358.1353.90.3-0.35.04.7Primary Articles32.30353.7394.8383.00.4-0.510.18.3(i) Fruits and Vegetables4.09366.5511.6425.60.5-6.716.816.1Fuel, Power, Light and Lubricants10.66377.4382.1374.1—-2.1-2.6-0.9Manufactured Products57.04321.8332.8333.60.20.33.53.7(i) Sugar, Khandsari and Gur4.06305.5296.6293.8-0.10.2-2.8-3.8(ii) Edible Oils2.4530

1998 1999 Feb. 5Feb. 1Feb. 2Feb. 3Feb. 4Feb. 51234567BSE SENSEX (1978-79=100)3,357.483,265.913,236.763,277.573,236.423,215.35S & P CNX NIFTY (3.11.1995=1000)976.10940.15931.20952.40939.70936.30Note : 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. 31, '98Aug. 14, '98Aug. 28, '98Sep. 11, '98Sep. 25, '98Oct. 9, '98Oct. 23, '981 23456781.Banks a)Borrowing9,1149,6298,4729,4859,1588,9479,287 b)Lending7,5507,2566,0245,1105,4446,2116,7022.Primary Dealers a)Borrowing4,9414,8143,1433,0383,8245,0594,892 b)Lending1,6461,5849981,2561,1951,0921,4333.Non-Bank Institutions a)Lending4,8335,6494,4754,6644,7604,4463,952

(Rs. crore) Week Ended ItemsJan. 1, '99Jan. 8, '99Jan. 15, '99Jan. 22, '99Jan. 29, '99Feb. 5, '99 1234567I. Outright Transactions a.Govt. of India Dated Securities3,46010,5916,8837,2748,2079,458b.State Goverment Securities139971117854c.14- Day Treasury Bills1161499416150170d.91- Day Treasury Bills9031,2545211,055637931e.364 - Day Treasury Bills44751355235141625II. RBI *2291,9258379471,2911,641@ : Excluding Repo Transactions.* : RBI's sales and purchases include transa

(US$ Million) MerchantInter-bank FCY/INRFCY/FCYFCY/ INRFCY/FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 12345678910111213Purchases Jan.11, 1999246625931783134763310442023421Jan.12, 199942383414203235—25511421Jan.13, 199932666522183314831,00313054521748Jan.14, 199924065285214799426829194662162109Jan.15, 19991774050421105338282011755516340Jan.18, 1999285546048938931460811360520122Jan.19, 1999156554623

(Rs. crore) Week Ended Jan. 2, '99Jan. 9, '99Jan. 16, '99Jan. 23, '99Jan. 30, '99Feb. 6, '991234567Amount2.8420.757.1918.0010.8314.57Source: National Stock Exchange of India Ltd.

19981999ItemAs on FridayFeb. 6Jan. 8Jan. 15Jan. 22Jan. 29Feb. 512345678 Standard GoldOpening3,9904,4004,3604,3604,3304,355 (Rs. per 10 grams)Closing4,0054,3904,3504,3604,3304,355 Silver (999.0 fineness)Opening9,3757,7457,7407,7007,8008,395 (Rs. per kilogram)Closing9,2607,7457,7507,7107,8258,340Note : In case Friday is a holiday, prices relate to the preceding working day.Source : Bombay Bullion Association Ltd.

(Rs. crore)HoldersFebruary 5, 1999Variation in Total Treasury Bills Treasury Bills of Different MaturitiesTotal (2+3+4+5)Over the WeekOver End March 14 Day (Auction)14 Day (Intermediate)91 Day (Auction)364 Day (Auction) 12345678 Reserve Bank of India——208—208-89-419 Banks152—2,4055,4047,961182-5,359 State Governments4003,7891,100—5,289593-2,595 Others483896381,8652,940-206-1,075

(Rs. crore) Gross Amount Raised upto February 5, 1999Repayments upto February 5, 19991998-99 (upto February 5, 1999)Net Amount Raised 1997-98 (upto February 6, 1998) 1234 5Total 83,75312,80370,950 27,488

(Rs. crore) For the Week Ended January 29, 1999 For the Week Ended February 5, 1999ItemsAmountYTM (%PA) IndicativeAmountYTM (%PA) Indicative MinimumMaximum MinimumMaximum1 234567I. Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1998-99109.4478———— 1999-002579.031410.50854569.800110.4888 2000-0166411.015813.118996810.837911.9634 2001-0275011.397111.460159911.083611.4685 2002-03 $83811.530711.632711211.404813.8041 2003-0438011.701111.873228