(Rs. crore) 19981999Variation over Item Feb. 20Feb. 12Feb. 19WeekYear 123456Notes in circulation1,47,4301,72,0801,70,727-1,35323,297 Notes issued1,47,4541,72,1191,70,759-1,36023,305 Notes held in Banking Department243932-78Deposits : Central Government5150511— State Governments141211-1-3 Scheduled Commercial Banks60,56571,72171,98626511,421 Scheduled State Co-operative Banks601805687-11886 Other Banks9221,0791,15879236 Others4,3395,2585,219-39880 Other liabilities45,5

Variation over As on Feb. 26, 1999WeekEnd- March 1998End- December 1998YearItemRs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn. Rs. CroreUS$ Mn.1234567891011 Total Reserves1,30,71430,7561,05812114,8091,3892,86070023,2633,392of which : (a) Foreign Currency Assets1,18,06227,7791,05912115,5551,8043,36982123,5313,735 (b) Gold12,6182,969——-776-422-190-46-287-347 (c) SDRs348-1—307-319-75194Note: 1. Foreign currency assets expressed in US dollar terms include

(Rs. crore) Outstanding as on Variation over Item1999 Financial year so far Feb. 12#Fortnight1997-981998-99Year 123456Liabilities to the Banking System Demand and time deposits from banks29,5041093,0135,8229,095 Borrowings from Banks(1)10,696-5963,6963,5363,742 Other demand and time liabilities(2)815301-108-630384Liabilities to Others Aggregate deposits6,91,718 @1,44966,07286,3081,20,047 (0.2)(13.1)(14.3)(21.0) Demand1,01,572-820-2,202-94113,164 Time5,90,145 @2,26868,

(Per cent per annum) 1998 1999 Item / week endedFeb. 20Jan. 22Jan. 29Feb. 5Feb. 12Feb. 191234567Bank Rate11.009.009.009.009.009.00I.D.B.I.114.5014.0014.0014.0014.0014.00Prime Lending Rate214.0012.75-13.0012.75-13.0012.75-13.0012.75-13.0012.75-13.00Deposit Rate310.00-12.009.00-11.509.00-11.509.00-11.509.00-11.509.00-11.50Call Money Rate (Low / High)48.65/15.508.50/35.006.00/9.008.65/9.407.00/ 9.608.75/9.501. Medium Term Lending Rate (MTLR).2. Prime Lending Rate relates

(Rs. crore) 1998-99 1997-98 OutstandingVariationsOutstandingVariations as on(3) - (2)as on(6) - (5) Item19981999 19971998 Mar. 27Feb. 12 Mar. 28Feb. 13 1 2345671.Bank Credit3,24,0793,49,75025,6712,78,4013,07,98629,585 (7.9) (10.6) A.Food Credit12,48517,1134,6287,59712,2454,649 B.Non-Food Credit3,11,5943,32,63721,0442,70,8052,95,74024,936 (6.8) (9.2) 2.Investments31,91246,877 @14,96518,48434,079 +15,595 A.Commercial Paper2,0454,8942,8496645,4724,808 B.Bonds/Debentures/

Foreign 1998 1999 1998 1999 Currency Feb. 27Feb. 22Feb. 23Feb. 24 Feb. 25** Feb. 26**Feb. 27Feb. 22Feb. 23Feb. 24 Feb. 25**Feb. 26**1234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100 @ 39.300042.400042.440042.4900 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying39.285042.390042.435042.4900 2.54452.35852.35632.3535 DollarSelling39.295042.400042.445042.4950 Pound{ Buying64.537568.757568.92756

(Rs. crore) Outstanding Variation over as on Item Financial year so far 19981999Fortnight1997-981998-99 #Year Mar. 31#Feb. 12#Amount%Amount%Amount%Amount% 1234567891011M38,25,3899,44,1236,6420.787,48612.51,18,73314.41,54,78919.6Components (i+ii+iii+iv) (i)Currency with the Public1,45,1821,70,2045,1583.115,28811.625,02117.222,82915.5(ii)Demand deposits with banks1,18,4351,17,191-860-0.7-2,918-2.8-1,245-1.114,77514.4(iii)Time deposits with banks5,58,1676,53,633 @2,3810.

(Rs. crore) Outstanding Variation over as on Item Financial year so far 19981999Week1997-981998-99Year Mar. 31#Feb. 19#Amount%Amount%Amount%Amount% 1234567891011Reserve Money2,26,2332,51,175-1,166-0.515,2107.624,94111.035,98016.7 Components (i+ii+iii) (i)Currency in circulation1,50,8231,74,288-1,353-0.813,4439.823,46415.623,62815.7 of which : cash with banks5,641.. (ii)Bankers' deposits with RBI71,80673,8322270.32,5144.22,0262.811,74418.9 (iii)"Other" deposits with RB

(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, ’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 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, ’9810010902512598.207.33201,525 Jul.3, '98Jul.4, '9810020805015098.207.33203,460 Oct.9, '98Oct.10, '9850038211840540

(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 23456789Apr.7, ’98Apr.11, ’9810069410092.617.979714,339 Jul.1, '98Jul.3, '98100—10010092.617.979710,153 @ Oct.7, '98Oct.9, '98400400—40090.3610.71745,827 Jan.13, '99Jan.15, '99750750—75090.5210.49726

(Rs. crore)Fortnight endedTotal Amount Outstanding #Issued during the fortnight #Rate of Interest (Per cent) @1 2 3 4Jan.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 — 13.00Nov.6, 19985,858 385 8.25 — 13.63@ : Effective interest rate range per annum.

(Rs. crore)Fortnight endedTotal Amount OutstandingReported during the fortnightRate of Interest (Per cent) @1 2 3 4 Apr.15, 1998 1,030 338 11.75 — 18.00 Jul.15, 1998 3,912 772 8.20 — 13.50 Oct.15, 1998 4,803 1,101 9.50 — 13.40 Jan.15, 1999 5,411 1,215 9.75 — 13.00 Jan.31, 1999 5,261 1,086 9.60 — 13.45 Feb.15, 1999 5,151 972 10.15 — 12.75 @ : Typical effective discount rate range per annum on issues during the fortnight.

19981999Percentage Variation over Item / Week endedWeightFeb. 14Dec. 19 *Feb. 13#WeekMonthEnd MarchYear 123456789ALL COMMODITIES100.00337.7354.6354.2—0.35.14.9 Primary Articles32.30353.1382.2382.6-0.20.310.08.4 (i) Fruits and Vegetables4.09362.2435.6412.8-0.4-2.513.314.0 Fuel, Power, Light and Lubricants10.66378.1382.1376.2—0.6-2.1-0.5Manufactured Products57.04321.5333.9334.00.10.33.63.9 (i) Sugar, Khandsari and Gur4.06306.2293.7290.5-1.3-1.2-3.9-5.1 (ii) Edible Oils2

1998 1999 Feb. 27Feb. 22Feb. 23Feb. 24Feb. 25Feb. 26Feb. 2712345678 BSE SENSEX (1978-79=100)3,622.223,303.893,283.973,287.533,281.293,233.863,399.19S & P CNX NIFTY (3.11.1995=1000)1,060.75953.85949.65957.65954.30941.20981.30Note : 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 EndedItemsJan. 22, '99Jan. 29, '99Feb. 5, '99Feb. 12, '99Feb. 19, '99Feb. 26, '99 1234567I.Outright Transactions a.Govt. of India Dated Securities7,2748,2079,4585,2434,1213,780 b.State Goverment Securities1178541604153 c.14 - Day Treasury Bills16150170153295249 d.91 - Day Treasury Bills1,0556379317591,120735 e.364 - Day Treasury Bills23514162589866646II.RBI*9471,2911,641437124535@ : Excluding Repo Transactions.* : RBI's sales and purchases include tra

(US$ Million) MerchantInter-bank FCY/INRFCY/FCYFCY/ INRFCY/FCY SpotForwardForwardSpotForwardForwardSpotSwapForwardSpotSwapForward Cancel- Cancel- Position Date lation lation 12345678910111213Purchases Feb. 15, 199921746311230223292704324611916 Feb. 16, 199917080242258404635454652829535 Feb. 17, 199919750391927323835098843419617 Feb. 18, 1999236384230171952467310143515658 Feb. 19, 1999432565144623834478236546131269 Sales Feb. 15, 19991868211731203442736427411416 Feb. 1

(Rs. crore) Week Ended Jan. 23, '99Jan. 30, '99Feb. 6, '99Feb. 13, '99Feb. 20, '99Feb. 27, '991234567 Amount18.0010.8314.572.3247.524.39 Source: National Stock Exchange of India Ltd.

19981999ItemAs on FridayFeb. 27Jan. 29Feb. 5Feb. 12Feb. 19Feb. 2612345678 Standard GoldOpening3,9804,3304,3554,3504,3504,360 (Rs. per 10 grams)Closing3,9904,3304,3554,3504,3504,375 Silver (999.0 fineness)Opening8,5607,8008,3958,2158,2358,340 (Rs. per kilogram)Closing8,6907,8258,3408,2858,3008,375Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore)HoldersFebruary 26, 1999Variation in Total Treasury Bills Treasury Bills of Different MaturitiesTotalOver theOver End 14 Day14 Day91 Day364 Day(2+3+4+5)WeekMarch (Auction)(Intermediate)(Auction)(Auction) 12345678 Reserve Bank of India--208270478270-149 Banks185-1,9175,9178,020-197-5,301 State Governments4004,565--4,965274-2,919 Others153676252,5633,570353-445

(Rs. crore) Gross AmountRepaymentsNet Amount Raised Raised uptoupto1998-991997-98 February 26, 1999February 26, 1999(upto(upto February 26, 1999)February 27, 1998)12345 Total83,75314,80368,95027,488

(Rs. crore) For the Week Ended February 26, 1999ItemsAmountYTM (%PA) Indicative MinimumMaximum1 2 34I. Outright Transactions 1.Govt. of India Dated Securities Maturing in the year 1998-99 - -- 1999-00 1329.079310.4411 2000-01 43211.094111.2424 2001-02 26711.390011.4397 2002-03 $ 7811.553311.6603 2003-04 23611.708511.9042 2004-07 19911.763412.0691 2007-08 2112.062112.2405 Beyond 2008 52412.120713.1376 2.State Government Securities 2711.816413.7425 3.14 Day Treasury Bil