(Rs.crore) 2003 2004 Variation Item Jun. 20 Jun. 11 Jun. 18# Week Year 1 2 3 4 5 6 Notes issued 2,96,594 3,39,517 3,37,203 –2,314 40,609 Notes in circulation 2,96,572 3,39,497 3,37,175 –2,322 40,603 Notes held in Banking Department 22 19 28 9 6 Deposits Central Government 100 101 101 — 1 Market Stabilisation Scheme — 34,625 36,109 1,484 36,109 State Governments 41 41 41 — — Scheduled Commercial Banks 65,008 78,048 69,724 –8,324 4,716 Scheduled State Co-operative Banks

Variation over Item As on Jun. 18, 2004 Week End-March2004 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 5,47,218 1,19,932 8,908 587 57,089 6,973 76,746 16,781 1,60,257 36,825 (a) Foreign Currency Assets 5,23,187 1,14,659 8,838 587* 56,972 7,211 77,955 17,042 1,58,101 36,213 (b) Gold 18,104 3,974 — — –112 –224 –1,121 –241 828 301 (c) SDRs 8 2 — — –2 — –5 –1 2 1 (d) Res

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Jun. 11# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 37,702 –546 –911 877 1,813 –1,841 Borrowings from Banks (1) 15,381 514 –652 413 1,044 –3,605 Other demand and time liabilities(2) 2,517 73 213 –90 –11 50 Liabilities to Others Aggregate deposits@ 15,49,296 914 49,140 47,364 1,42,829 2,19,302 (0.1) (

(per cent per annum) 2003 2004 Item / week ended Jun. 13 May 7 May 14 May 21 May 28 Jun. 4 Jun. 11 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 6.00 6.00 6.00 6.00 6.00 6.00 6.00 I.D.B.I.(2) 12.50 10.25 10.25 10.25 10.25 10.25 10.25 Prime Lending Rate(3) 10.50-11.50 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) 5.25-6.00 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.50 5.00-5.5

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 Jun. 11 Mar. 21 Jun. 13 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,67,234 31,853 7,29,215 7,28,542 –674 (3.8) (–0.1) A. Food Credit 35,961 43,161 7,200 49,479 50,565 1,086 B. Non-Food Credit 7,99,420 8,24,073 24,653 6,79,736 6,77,977 –1,759 (3.1) (–0.3) 2. Investments £ 89,049 86,343 @ –2,706 92,854 87,701 + –5,153 A. Commercial Paper 3

Foreign 2003 2004 2003 2004 Currency Jun. 20 Jun. 14 Jun. 15 Jun. 16 Jun. 17 Jun. 18 Jun. 20 Jun. 14 Jun. 15 Jun. 16 Jun. 17 Jun. 18 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 46.5400 45.2600 45.2800 45.3900 45.5400 45.6300 (Based on Middle Rates) Euro 54.5200 54.1700 54.6200 55.2100 54.7900 54.7000 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 46.5300 45.2500 45.2800 45.3

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2004 Fortnight 2003-2004 2004-2005 2003 2004 Item Mar. 31# Jun. 11# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 20,00,349 20,70,774 4,583 0.2 77,463 4.5 70,424 3.5 1,91,368 11.9 2,74,108 15.3 Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,35,844 3,902 1.2 23,393 8.6 19,086 6.0 32,718 12.5 41,070 13.9 (ii) Demand deposits with banks 2,51,3

(Rs. crore) Outstanding as on Variation over 2004Week Financial year so far Year-on-year 2003-2004 2004-2005 2003 2004 Item Mar. 31# Jun. 18# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,24,969 –9,611 –2.2 9,679 2.6 –11,461 –2.6 36,839 10.8 46,228 12.2 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,44,466 –2,322 –0.7 21,240 7.5 17,443 5.3 35,232 13.1 40,754 13.4 (ii) Bankers' deposits with RBI 1,04,3

(Rs. crore) Repo REPO REVERSE REPO Net injection(+) Outstanding LAF period Bids Received Bids Accepted Cut-Off Bids Received Bids Accepted Cut-Off absorption(-) of Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Jun. 14, 2004 7 44 17,735 44 17,735 4.50 — — — — — –17,735 54,870 Jun. 14, 2004 14 8 4,550 8 4,550 4.50 — — — — — –4,550 59,420 Jun. 15, 2004 7 45 13,335 45 13,335

(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 Yieldat Outstanding Com- Non- Com- Non- (8+9+ Average Cut-off as on the 10+11) Price Price Date of Issue petitive Com- petitive Com- petitive petitive (per cent) (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Oct. 1 Oct. 3 500 24 730 — 16 500 — — — 500 98.90 4

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Number Total Face Value Total Face Value Issue ted Yieldat Outstanding Com-Non- Number Non- PDs/SDs* RBI (8+9+ Average Cut-off as on the Com- 10+11) Price Price Date of Issue petitive Com- petitive Com- petitive$ petitive$ (per cent) (FaceValue) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2003-2004 Oct. 1 Oct. 3 1,000 46 1,615 — 40 1,000 — — — 1,00

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 May 29 May 30 May 31 Jun. 1 Jun. 2 Jun. 3 Jun. 4 Jun. 5 Jun. 6 Jun. 7 Jun. 8 Jun. 9 Jun. 10 Jun. 11 Jun. 11, 2004 72,458 1,44,917 2,23,839 3,04,405 3,84,895 4,63,099 5,33,874 6,05,056 6,76,238 7,50,552 8,26,052 9,02,290 9,80,043 10,58,023 Jun. 12 Jun. 13 Jun. 14 Jun. 15 Jun. 16 Jun. 17 Jun. 18 Jun. 19 Jun. 20 Jun. 21 Jun. 22 Jun. 23 Jun. 24 Jun. 25 Jun. 25, 2004 78,631 1,57,263 2,32,544 3,06,099 3,80

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 Jul. 11, 2003 2,242 44 4.45 — 6.25 Oct. 3, 2003 3,154 48 3.75 — 6.75 Jan. 9, 2004 4,457 713 3.87 — 5.31 Mar. 19, 2004 4,461 246 3.87 — 5.16 Apr. 16, 2004 4,813 198 4.64 — 6.00 Apr. 30, 2004 4,725 50 3.50 — 4.45 @: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 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 Apr. 15, 2004 9,590 810 4.66 — 6.20 May 31, 2004 10,328 902 4.56 — 7.00 Jun. 15, 2004 10,354 1,024 4.50 — 6.05 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Jun. 7 Apr. 10* Jun. 5# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.1 180.8 182.7 0.6 0.9 1.3 5.5 Primary Articles 22.02 181.6 183.0 186.9 0.4 1.7 3.2 2.9 (i) Fruits and Vegetables 2.92 198.9 196.9 206.2 1.8 2.7 19.2 3.7 Fuel, Power, Light and Lubricants 14.23 246.1 263.3 265.5 0.2 0.5 1.0 7.9 Manufactured Products 63.75 153.8 161.7 162.7 0.7 0.6 0.7 5.8 (i) Sugar, Khandsari and G

2003 2004 Jun. 18 Jun. 14 Jun. 15 Jun. 16 Jun. 17 Jun. 18 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3430.96 4746.01 4814.85 4788.80 4839.88 4769.99 S & P CNX NIFTY (3.11.1995=1000) 1086.75 1481.35 1501.00 1494.75 1512.05 1491.20 +:Market closed

(Rs. crore) WeekEnded May 7, 2004 May 14, 2004 May 21, 2004 May 28, 2004 Jun. 4, 2004 Jun. 11, 2004 Jun. 18, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 2,277 2,584 2,502 2,631 2,769 3,098 2,463 (b) Lendings 2,245 2,809 1,770 1,910 2,529 4,045 2,480 2. Primary Dealers (a) Borrowings 5,227 4,154 2,711 2,556 2,565 3,957 3,361 (b) Lendings 78 136 87 88 72 55 77 3. Non-Bank Institutions (a) Lendings 3,458 2,688 2,761 2,386 2,262 2,496 2,608 4. Total (a) Borrowings 7,504

(Rs. crore) WeekEnded Items May 14, 2004 May 21, 2004 May 28, 2004 Jun. 4, 2004 Jun. 11, 2004 Jun. 18, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 54,461 50,287 32,722 43,203 49,371 40,449 (b) State Government Securities 441 469 1,571 827 1,536 2,197 (c) 91 – Day Treasury Bills 6,091 4,452 6,136 6,263 3,906 4,778 (d) 364 – Day Treasury Bills 3,714 3,500 4,326 3,100 5,797 2,057 II. RBI* 14 5 87 60 — — @ :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- PositionDate lation lation 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases May 24, 2004 538 359 121 57 52 33 1181 1514 277 512 144 3 May 25, 2004 580 271 141 45 52 24 949 1869 70 687 164 9 May 26, 2004 623 321 189 60 166 62 1009 2095 88 870 578 5 May 27, 2004 619 446 247 36 55 75 1325 2016 49 729 220 11 May 28,

(Rs. crore) WeekEnded May 15, 2004 May 22, 2004 May 29, 2004 Jun. 5, 2004 Jun. 12, 2004 Jun. 19, 2004 1 2 3 4 5 6 7 Amount 336.80 388.88 346.71 128.33 252.70 564.00 Source : National Stock Exchange of India Ltd.

(Rs. crore) Jun. 18, 2004 Variation in Total Treasury Bills Holders Treasury Bills of Different Maturities Total Over the Over End 14 Day 91 Day 364 Day (2+3+4) Week March (Intermediate) (Auction) (Auction) 1 2 3 4 5 6 7 Reserve Bank of India — — — — — — Banks — 13,027 25,441 38,468 2,015 19,075 State Governments 6,867 1,200 — 8,067 –1,759 611 Others 505 10,012 5,695 16,212 –586 1,956

(Face Value in Rs. crore) Gross Amount Raised Net Amount Raised 2004-2005 2003-2004 2003-2004 2004-2005 2003-2004 2003-2004 (Upto (Upto (Upto (Upto Jun. 18, 2004) Jun. 20, 2003) Jun. 18, 2004) Jun. 20, 2003) 1 2 3 4 5 6 7 1. Total 43,000 $ 44,000 1,35,934 25,781 $ 36,713 88,807 of which : 1.1 Devolvement/Private Placement on RBI — 5,000 21,500 2. RBI's OMO Sales 429 5,620 41,849 Purchases — — — $ : Includes Rs.15,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Jun. 11, 2004 For the Week Ended Jun. 18, 2004 Item Amount YTM (%PA) Indicative** Amount YTM (%PA) Indicative** Minimum Maximum Minimum Maximum 1 2 3 4 5 6 7 I. OutrightTransactions 1. Govt. of India Dated Securities Maturing in the year 2004-05 20 3.7163 — 55 4.6051 4.6417 2005-06 736 4.5115 4.7408 661 4.5449 4.8500 2006-07 410 4.7422 4.9367 817 4.7746 4.9128 2007-08 173 4.8748 4.9354 163 4.8964 4.9787 2008-09 118 4.8386 5.142