(Rs. crore) 2003 2004 Variation Item Feb. 21 Feb. 13 Feb. 20# Week Year 1 2 3 4 5 6 Notes issued 2,73,256 3,16,284 3,15,899 –385 42,643 Notes in circulation 2,73,213 3,16,263 3,15,879 –384 42,666 Notes held in Banking Department 43 21 20 –1 –23 Deposits Central Government 101 100 100 — –1 State Governments 41 41 — — Scheduled Commercial Banks 62,238 68,639 71,101 2,462 8,863 Scheduled State Co-operative Banks 1,477 1,550 1,607 57 130 Other Banks 4,325 4,531 4,556 25 2

Variation over Item As on Feb. 20, 2004 Week End-March 2003 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 4,87,464 1,07,675 872 169 1,29,184 32,247 22,994 5,840 1,27,700 32,321 of which : (a) Foreign Currency Assets 4,68,021 1,03,384 872 169* 1,26,545 31,494 22,789 5,767 1,25,906 31,722 (b) Gold 19,432 4,289 — — 2,647 755 207 74 1,802 601 (c) SDRs 11 2 — — –8 –2 –

Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Feb. 6# 2002-2003 2003-2004 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 36,859 544 5,458 –3,596 5,340 –28 Borrowings from Banks(1) 12,566 –525 –581 –7,072 –354 –7,103 Other demand and time liabilities(2) 2,718 475 560 464 805 –66 Liabilities to Others Aggregate deposits@ 14,53,805 14,120 1,69,983 1,72,952 1,92,436 1,80,462 (1.0) (15

  2003 2004 Item / week ended Feb. 14 Jan. 9 Jan. 16 Jan. 23 Jan. 30 Feb. 6 Feb. 13 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 12.50 12.50 12.50 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) 5.50-6.25 5.00-6.00 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 Call Mon

2003 - 2004 2002 - 2003 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 2003 2004 2002 2003 Mar. 21 Feb. 6 Mar. 22 Feb. 7 1 2 3 4 5 6 7 1. Bank Credit 7,29,215 8,06,180 76,964 5,89,723 7,06,312 1,16,589 (10.6) (19.8) A. Food Credit 49,479 36,468 –13,011 53,978 50,432 –3,546 B. Non-Food Credit 6,79,736 7,69,711 89,975 5,35,745 6,55,880 1,20,135 (13.2) (22.4) 2. Investments £ 92,854 88,277 @ –4,576 81,000 91,743 + 10,744 A. Commercial

Foreign 2003 2004 2003 2004 Currency Feb. 21 Feb. 16 Feb. 17 Feb. 18+ Feb. 19 Feb. 20 Feb. 21 Feb. 16 Feb. 17 Feb. 18+ Feb. 19 Feb. 20 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   47.7400 45.2500 45.2900   45.2800 45.2700   (Based on Middle Rates)   Euro   51.6500 57.6300 57.8100   57.5700 57.5000             FEDAI Indicative Rate

Outstanding as on Variation over Financial year so far Year-on-year 2003 2004 Fortnight 2002-2003 2003-2004 2003 2004 Item Mar. 31# Feb. 6# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 17,25,222 19,44,430 19,062 1.0 2,11,659 14.1 2,19,208 12.7 2,42,436 16.5 2,34,416 13.7 M3 [16,95,551] [1,80,686] [12.1] [2,11,463] [14.4] Components (i+ii+iii+iv) (i) Currency with the Public 2,70,983 3,10,729 4,755 1.6 29,936 12.4 39,747 14.7 32,281 13.5 3

(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# Feb. 20# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 3,69,061 4,04,477 2,313 0.6 13,567 4.0 35,416 9.6 31,287 9.8 52,940 15.1 Components (i+ii+iii) (i) Currency in circulation 2,82,473 3,23,120 –383 –0.1 29,276 11.7 40,647 14.4 32,667 13.2 42,870 15.3 (ii) Bankers' deposits with RBI 83,3

(Rs. crore) REPO REVERSE REPO Net injection(+ )absorption(-) of liquidity (11-6) Outstanding Amount @ Repo/RR Bids Received Bids Accepted Bids Received Bids Accepted LAF period Cut-Off Cut-Off Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Feb. 16, 2004 1 55 33,790 55 33,790 4.50 — — — — — –33,790 39,715 Feb. 17, 2004 2 63 41,855 63 41,855 4.50 — — — — — –41,855 47,780 Feb. 19, 2004 1 66 41,580 65

(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 Yield at Outstanding (8+9+ Average Cut-off as on the Com- petitive Non- Com- petitive Com- petitive Non- Com- petitive 10+11) Price Price (percent) Date of Issue (Face Value) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Jul. 2 Jul. 4 500 31 778 — 25 500 — — — 500 98.77

(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 Yield at Outstanding (8+9+ Average Cut-off as on the Competitive Non- Com- petitive Com- petitive Non- Com- petitive 10+11) Price Price (percent) Date of Issue (Face Value) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Jul. 9 Jul. 11 1,000 51 2,430 29 21 1,000 29 — — 1,02

Fortnight EndedDate123456789101112131415 Jan. 24Jan. 25Jan. 26Jan. 27Jan. 28Jan. 29Jan. 30Jan. 31Feb. 1Feb. 2Feb. 3Feb. 4Feb. 5Feb. 6Feb. 6, 200478,4641,56,9282,35,3913,05,8573,70,9064,39,4815,11,8405,83,7426,55,6447,27,5467,95,1738,59,8149,27,1269,94,069 Feb. 7Feb. 8Feb. 9Feb. 10Feb. 11Feb. 12Feb. 13Feb. 14Feb. 15Feb. 16Feb. 17Feb. 18Feb. 19Feb. 20Feb. 20, 200466,0111,32,0232,04,8222,75,9683,47,0534,20,4904,87,1975,55,6986,24,1986,96,0537,68,0248,40,1059,15,0249,86,1

(Rs.Crore) Fortnight ended Total Amount Issued during Rate of Interest Outstanding # the fortnight # (per cent)@ 1 2 3 4 Jan. 10, 2003 1,199 59 4.37 — 6.61 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 Dec. 26, 2003 3,830 113 3.75 — 6.00 Jan. 9, 2004 4,457 713 3.87 — 5.31 @ : Effective interest rate range per annum.

(Rs.Crore) Fortnight ended Total Amount Reported during Rate of Interest Outstanding the fortnight (per cent)@ 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 Jan. 31, 2004 9,562 668 4.70 — 5.75 Feb. 15, 2004 9,355 601 4.73 — 6.75 @ : Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Feb. 8 Dec. 13* Feb. 7# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 169.2 176.8 179.2 0.2 0.7 4.0 5.9 Primary Articles 22.02 176.0 181.2 181.8 –0.4 — 2.0 3.3 (i) Fruits and Vegetables 2.92 173.6 194.9 187.7 –1.1 –1.1 3.1 8.1 Fuel, Power, Light and Lubricants 14.23 244.1 255.9 263.3 0.4 0.4 2.7 7.9 Manufactured Products 63.75 150.2 157.6 159.5 0.3 1.1 5.3 6.2 (i) Sugar, Khandsari and G

(Rs.Crore)             Week Ended             Jan. 9, 2004 Jan. 16, 2004 Jan. 23, 2004 Jan. 30, 2004 Feb. 6, 2004 Feb. 13, 2004 Feb. 20, 2004 1     2 3 4 5 6 7 8 1. Banks                 (a) Borrowings 2,566 2,286 2,426 1,682 1,360 1,379 1,336   (b) Lendings 4,256 4,243 4,096 2,982 2,383 2,068 1,776 2. Primary Dealers           &n

(Rs.Crore) Week Ended Items Jan. 16, 2004 Jan. 23, 2004 Jan. 30, 2004 Feb. 6, 2004 Feb. 13, 2004 Feb. 20, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 36,023 31,647 25,280 34,281 38,579 29,115 (b) State Government Securities 654 354 239 677 867 456 (c) 91 – Day Treasury Bills 1,490 1,300 472 1,744 1,983 1,463 (d) 364 – Day Treasury Bills 2,163 1,638 2,775 2,043 3,747 1,838 II. RBI* — — 50 17 — 18 @ : 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- Position Date lation lation 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Feb. 2, 2004 + Feb. 3, 2004 606 293 69 26 88 135 1004 1695 38 568 214 3 Feb. 4, 2004 649 271 79 27 138 82 1201 2258 58 623 269 23 Feb. 5, 2004 594 362 34 39 45 133 1212 1653 71 611 479 2 Feb. 6, 2004 437 298 52 43 71 83 885 1612 28 596

(Face Value in Rs. crore) Gross Amount Raised Net Amount Raised 2003-2004 2002-2003 2002-2003 2003-2004 2002-2003 2002-2003 (Upto (Upto (Upto (Upto Feb. 20, 2004) Feb. 21, 2003) Feb. 20, 2004) Feb. 21, 2003) 1 2 3 4 5 6 7 1. Total 1,30,934 *$ 1,12,000 1,25,000 99,032 84,580 97,580 of which : 1.1 Devolvement/Private Placement on RBI 21,500 $ 23,175 36,175 2. RBI's OMO Sales 41,780 53,714 53,780 Purchases — — — * : Includes Rs.14,434 crore representing face value of fou

(Rs. crore) Feb. 20, 2004 Variation in Total Treasury BillsHoldersTreasury Bills of Different MaturitiesTotalOver theOver End 14 Day91 Day364 Day(2+3+4)WeekMarch (Intermediate)(Auction)(Auction) 1234567 Reserve Bank of India—————–1,019 Banks—2,85915,53818,39615–10,497 State Governments3,829200—4,029–62–2,364 Others3533,67310,59314,620–289,466

(Face Value in Rs. crore) Gross Amount Raised Net Amount Raised 2003-2004 2002-2003 2002-2003 2003-2004 2002-2003 2002-2003 (Upto (Upto (Upto (Upto Feb. 20, 2004) Feb. 21, 2003) Feb. 20, 2004) Feb. 21, 2003) 1 2 3 4 5 6 7 1. Total 1,30,934 *$ 1,12,000 1,25,000 99,032 84,580 97,580 of which : 1.1 Devolvement/Private Placement on RBI 21,500 $ 23,175 36,175 2. RBI's OMO Sales 41,780 53,714 53,780 Purchases — — — * : Includes Rs.14,434 crore representing face value of fou

(Amount in Rs. crore) For the Week Ended Feb. 13, 2004 For the Week Ended Feb. 20, 2004 Item Amount YTM (%PA) Indicative** Amount YTM (%PA) Indicative** Minimum Maximum Minimum Maximum 1 2 3 4 5 6 7 I. Outright Transactions 1. Govt. of India Dated Securities Maturing in the year 2003-04 285 4.1507 4.2810 400 4.0083 4.1933 2004-05 590 4.3357 4.5627 381 4.3949 4.5543 2005-06 199 4.5089 4.5810 237 4.5658 4.6061 2006-07 100 4.7062 4.7371 25 4.7377 4.8717 2007-08 — — — 288