(Rs. crore) 1998 1999 Variation overItem Jan. 16Jan. 8Jan. 15WeekYear123456Notes in circulation1,46,7891,67,0111,68,8991,88822,110Notes issued1,46,8161,67,0321,68,9321,90022,116Notes held in Banking Department272133126Deposits : Central Government505150-1—State Governments128102-2Scheduled Commercial Banks52,57671,07772,8471,77020,271Scheduled State Co-operative Banks7747368238749Other Banks8921,1881,063-125171Others5,7815,5945,508-86-273Other liabilities48,59762,6356

Variation over As on Jan. 22, 1999WeekEnd- March 1998End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.1234567891011Total Reserves1,29,83730,5346907613,9321,1671,98347824,6123,416of which : (a) Foreign Currency Assets1,16,82627,4715183514,3191,4962,13351324,6323,671 (b) Gold12,8083,015——-586-376——-205-298 (c) SDRs203481724119947-150-3518543Note: 1. Foreign currency assets expressed in US dollar terms include the

(Rs. crore) Outstanding as on Variation over Item1999 Financial year so far Jan. 15#Fortnight1997-981998-99Year 123456 Liabilities to the Banking System Demand and time deposits from banks29,329-493,0505,6478,883 Borrowings from Banks(1)11,5841,1126,1114,4242,215 Other demand and time liabilities(2)561-32-325-884347Liabilities to Others Aggregate deposits6,85,062@1,98159,58079,6521,19,883 (0.3)(11.8)(13.2)(21.2) Demand1,00,394-599-1,535-2,11911,319 Time5,84,668@2,5806

(Per cent per annum) 199819981999Item / week endedJan. 16Dec. 18Dec. 25Jan. 1Jan. 8Jan. 151234567Bank Rate9.009.009.009.009.009.00I.D.B.I.113.5014.0014.0014.0014.0014.00Prime Lending Rate212.5.13.012.75-13.012.75-13.012.75-13.012.75-13.012.75-13.0Deposit Rate39.0-11.59.0-11.59.0-11.59.0-11.59.0-11.59.0-11.5Call Money Rate (Low / High)42.00/10.005.60/ 9.008.60/9.505.50/10.008.50/9.508.90/30.001. Medium Term Lending Rate (MTLR).2. Prime Lending Rate relates to five majo

(Rs. crore) 1998-99 1997-98 Outstanding as onVariationsOutstanding as onVariations (3) - (2) (6) - (5) Item 19981999 19971998 Mar. 27Jan. 15 Mar. 28Jan. 16 1 234567 1.Bank Credit3,24,0793,49,24025,1612,78,4013,02,07623,675 (7.8) (8.5) A.Food Credit12,48516,6004,1157,59712,0134,416 B.Non-Food Credit3,11,5943,32,63921,0462,70,8052,90,06419,259 (6.8) (7.1) 2.Investments £33,08445,015@11,93019,41133,909+14,498 A.Commercial Paper2,0664,9522,8866525,9105,259 B.Bonds/Debentu

Foreign 1998199919981999Currency Jan. 23Jan. 18Jan. 19Jan. 20+Jan. 21Jan. 22Jan. 23*Jan. 18Jan. 19 Jan. 20+Jan. 21Jan. 221234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100@ 38.620042.500042.5000 42.510042.5100 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying38.610042.490042.4950 42.500042.50002.58932.35292.3529 2.35242.3524Dollar Selling38.630042.500042.5050 42.510042.5100 Pound{ Buying63.6

(Rs. crore) Outstanding as on Variation over Item Financial year so far 19981999Fortnight1997-981998-99Year Mar.31#Jan. 1#Amount%Amount%Amount%Amount% 1234567891011 8,25,3899,25,9637100.173,04810.41,00,57412.21,51,06719.5M3 Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,60,429-1,855-1.19,3847.115,24610.518,95813.4(ii)Demand deposits with banks1,18,4351,16,6161,7201.5-1,031-1.0-1,819-1.512,31311.8(iii)Time deposits with banks5,58,1676,45,455@1,4010.264,6

(Rs. crore) OutstandingVariation over as on Item Financial year so far 19981999Week 1997-98 1998-99 Year Mar. 31#Jan. 15#Amount%Amount%Amount%Amount%1234567891011Reserve Money2,26,2332,50,5383,5341.48,1664.124,30410.742,38620.4 Components (i+ii+iii) (i) Currency in circulation1,50,8231,72,4601,8891.112,8019.321,63714.322,44315.0 of which : cash with banks5,6413,830 * (ii) Bankers' deposits with RBI71,80674,7331,7322.4-5,333-9.02,9274.120,49137.8 (iii) "Other" deposits

(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)1 2345678910 Apr.3, ’98Apr.4, ’98100100——10099.727.3004235Jul.3, '98Jul.4, '98100100——10099.775.9938600Oct.9, '98Oct.10, '98500500——50099.678.87

(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 Outstanding as on the Date of Issue (Face Value) 1 2345678910Apr. 3, ’98Apr. 4, ’9810010902512598.207.33201,525Jul. 3, '98Jul. 4, '9810020805015098.207.33203,460Oct. 9, '98Oct.10, '9850038211840

(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) 1 23456789Jan. 14, ’98Jan.16, ’98——————17,517 @Apr. 7, ’98Apr.11, ’9810069410092.617.979714,339Jul. 1, '98Jul. 3, '98100—10010092.617.979710,153 @Oct. 7, '98Oct. 9, '98400400—40090.3610.71745,827Dec.30,

(Rs. crore)Fortnight endedTotal Amount Outstanding#Issued during the fortnight #Rate of Interest (Per cent)@1 234Oct.10, 19977,5726317.50 — 12.00Jan. 2, 19986,8768116.50 — 11.75Apr.10, 199814,5846278.25 — 24.00Jul.17, 19987,2878078.00 — 12.50Oct. 9, 19986,1327867.75 — 13.50Oct.23, 19986,2146398.25 — 13.00@ : Effective interest rate range per annum.

(Rs. crore) Fortnight endedTotal Amount OutstandingReported during the fortnightRate of Interest (Per cent)@1 234Jan.15, 19985,2491,2058.05 — 11.75Apr.15, 19981,03033811.75 — 18.00Jul.15, 19983,9127728.20 — 13.50Oct.15, 19984,8031,1019.50 — 13.40Dec.31, 19985,4747869.80 — 13.50Jan.15, 19995,4111,2159.75 — 13.00@ : Typical effective discount rate range per annum on issues during the fortnight.

19981999Percentage Variation overItem / Week endedWeightJan. 10Nov. 14*Jan. 9#WeekMonthEndYear March 123456789ALL COMMODITIES100.00338.7358.6353.7-0.3-1.04.94.4Primary Articles32.30355.1395.2383.1-0.2-2.410.17.9(i) Fruits and Vegetables4.09383.4535.1432.4-1.7-15.418.712.8Fuel, Power, Light and Lubricants10.66377.4382.1374.1-2.1-2.1-2.6-0.9Manufactured Products57.04322.2333.5333.3—0.33.43.4(i) Sugar, Khandsari and Gur4.06312.6311.5303.20.92.90.3-3.0(ii) Edible Oils2.45

19981999 Jan. 22Jan. 18Jan. 19Jan. 20+Jan. 21Jan. 221234567 BSE SENSEX (1978-79=100)3,380.303,278.583,218.91 3,329.933,297.86S & P CNX NIFTY (3.11.1995=1000)992.35944.90924.10 967.20957.05Note :NSE- 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.+ :Market closed

(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 EndedItems Dec. 18, '98Dec. 25, '98Jan. 1, '99Jan. 8, '99Jan. 15, '99Jan. 22, '99 1234567 I. Outright Transactions a.Govt. of India Dated Securities5,6842,8233,46010,5916,8837,274b.State Goverment Securities1302713997111c.14- Day Treasury Bills17319411614994161d.91- Day Treasury Bills1,5118929031,2545211,055e.364 - Day Treasury Bills49513444751355235II. RBI*347202291,925837947@ : Excluding Repo Transactions.* : RBI's sales and purchases include transa

(US$ Million) MerchantInter-bank FCY/ INR FCY/FCY FCY/ INR FCY/FCYPosition DateSpotForwardForward Cancel- lationSpotForwardForward Cancel- lationSpotSwapForwardSpotSwapForward 12345678910111213Purchases Jan.4, 199919164152572794524597435116212 Jan.5, 1999193552628202893935205550716417 Jan.6, 1999215105801191137454995515739519914 Jan.7, 19992354052701188337885187599228108 Jan.8, 19992558553231285844067515248222339 Sales Jan.4, 19992293551679274384787536916714 Jan.5, 19

(Rs. crore) Week Ended Dec. 19, '98Dec. 26, '98Jan. 2, '99Jan. 9, '99Jan. 16, '99Jan. 23, '991234567 Amount24.2835.312.8420.757.1918.00 Source: National Stock Exchange of India Ltd.

199819981999ItemAs on FridayJan. 23Dec. 25Jan. 1Jan. 8Jan. 15Jan. 2212345678 Standard GoldOpening3,9454,2254,2104,4004,3604,360 (Rs. per 10 grams)Closing3,9454,2204,2254,3904,3504,360 Silver (999.0 fineness)Opening8,2707,3757,4907,7457,7407,700 (Rs. per kilogram)Closing8,2907,3757,5007,7457,7507,710Note : In case Friday is a holiday, prices relate to the preceding working day.Source : Bombay Bullion Association Ltd.

(Rs. crore)HoldersJanuary 22, 1999 Variation 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 India109—208—317184-310 Banks52—2,8634,9717,885-111-5,435 State Governments4002,8731,100—4,37352-3,511 Others403657041,5492,657-478-1,357

(Rs. crore) Gross Amount Raised upto January 22, 1999Repayments upto January 22, 1999Net Amount Raised 1998-99 (upto January 22, 1999)1997-98 (upto January 23, 1998) 1234 5 Total 78,75312,80365,950 27,488

(Rs. crore) For the Week Ended January 15, 1999For the Week Ended January 22, 1999Items AmountYTM (%PA) IndicativeAmountYTM (%PA) Indicative MinimumMaximum MinimumMaximum1 23 45 6 7I. Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1998-99159.9718 —1009.2620 9.7643 1999-002769.115210.59104019.115010.5026 2000-0189411.191411.97561,03110.885311.3972 2001-0245511.470311.544971311.446311.5737 2002-03 $55211.579111.673733811.574111.8351 2003-04