1. Reserve Bank of India - Liabilities and Assets (Rs.crore) 2003 2004 Variation Item May 23 May 14 May 21# Week Year 1 2 3 4 5 6 Notes issued 2,96,346 3,40,367 3,38,277 –2,090 41,931 Notes in circulation 2,96,308 3,40,336 3,38,251 –2,085 41,943 Notes held in Banking Department 39 30 26 –4 –13 Deposits Central Government 101 100 101 1 — Market Stabilisation Scheme — 26,776 28,259 1,483 28,259 State Governments 41 41 41 — — Scheduled Commercial Banks 65,392 75,095 79,0

Variation over Item As on May 21, 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 5,37,084 1,18,572 –1,519 –56 46,955 5,613 66,612 15,421 1,54,297 37,054 (a) Foreign Currency Assets 5,12,641 1,13,091 –1,583 –74* 46,426 5,643 67,409 15,474 1,49,203 35,665 (b) Gold 18,598 4,191 — — 382 –7 –627 –24 2,550 802 (c) SDRs 8 2 — — –2 — –5 –1 2 1 (d) Reserv

(Rs. crore) Outstanding Variation over as on Item 2004 Financial year so far Year-on-year Fortnight May 14# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 38,744 –613 1,011 1,919 3,865 –2,721 Borrowings from Banks (1) 13,869 339 –391 –1,099 –1,412 –5,378 Other demand and time liabilities(2) 3,332 436 362 725 577 716 Liabilities to Others Aggregate deposits@ 15,43,823 –6,564 38,714 41,891 1,40,591 2,24,

(per cent per annum) 2003 2004 Item / week ended May 16 Apr. 9 Apr. 16 Apr. 23 Apr. 30 May 7 May 14 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.

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 May 14 Mar. 21 May 16 1 2 3 4 5 6 7 1. Bank Credit 8,35,382 8,64,397 29,015 7,29,215 7,30,314 1,099 (3.5) (0.2) A. Food Credit 35,961 42,232 6,271 49,479 49,277 –202 B. Non-Food Credit 7,99,420 8,22,165 22,745 6,79,736 6,81,037 1,300 2. Investments £ 89,049 87,913 @ –1,136 92,854 87,189 + –5,665 A. Commercial Paper 3,924 3,162 –761 4

Foreign 2003 2004 2003 2004 Currency May 23 May 17 May 18 May 19 May 20 May 21 May 23 May 17 May 18 May 19 May 20 May 21 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 46.9400 45.9600 45.4600 45.2900 45.2500 45.3300 (Based on Middle Rates) Euro 54.8100 55.0000 54.4700 54.4200 53.9400 54.3900 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 46.9300 45.9500 45.4500 45.3000 45.2500

(Rs. crore) Outstanding as on Variation over 2004 Fortnight Financial year so far Year-on-year 2003-2004 2004-2005 2003 2004 Item Mar. 31# May 14# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 M3 20,00,349 20,66,633 50 — 65,455 3.8 66,284 3.3 1,88,576 11.8 2,81,975 15.8 Components (i+ii+iii+iv) (i) Currency with the Public 3,16,758 3,36,763 6,800 2.1 22,633 8.3 20,005 6.3 32,768 12.5 42,748 14.5 (ii) Demand deposits with banks 2,51,371 2,4

(Rs. crore) Outstanding as on Variation over Financial year so far Year-on-year 2004 Week 2003-2004 2004-2005 2003 2004 Item Mar. 31# May 21# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,429 4,34,667 2,113 0.5 8,359 2.3 –1,762 –0.4 26,581 7.6 57,247 15.2 Components (i+ii+iii) (i) Currency in circulation 3,27,023 3,45,542 –2,085 –0.6 20,941 7.4 18,519 5.7 34,356 12.8 42,128 13.9 (ii) Bankers' deposits with RBI 1,04,365 8

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo/RR 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 May 17, 2004 7 44 22,410 44 22,410 4.50 — — — — — –22,410 68,710 May 17, 2004 14 10 6,060 10 6,060 4.50 — — — — — –6,060 74,770 May 18, 2004 7 26 5,395 26 5,395

(Rs. crore) Date of Date of Notified Bids Received Bids Accepted Devolvement on Total Weigh- Implicit Amount Auction Issue Amount Total Face Value Total Face Value Issue ted Yieldat Outstanding Number Com- Non- Number Com- Non- PDs/SDs* RBI (8+9+ Average Cut-off as on the petitive Com- petitive Com- 10+11) Price Price Date of Issue petitive petitive (percent) (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 Number Total Face Value PDs/SDs* RBI Issue ted Yieldat Outstanding Com- Non- Com- Non- (8+9+ Average Cut-off as on the petitive Com- petitive Com- 10+11) Price Price Date of Issue petitive$ petitive$ (percent) (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 1 May 2 May 3 May 4 May 5 May 6 May 7 May 8 May 9 May 10 May 11 May 12 May 13 May 14 May 14, 2004 82,254 1,64,509 2,43,176 3,20,859 3,94,504 4,74,066 5,44,136 6,09,427 6,74,803 7,48,535 8,20,270 8,97,212 9,74,135 10,49,417 May 15 May 16 May 17 May 18 May 19 May 20 May 21 May 22 May 23 May 24 May 25 May 26 May 27 May 28 May 28, 2004 77,020 1,54,039 2,28,107 2,99,704 3,71,267 4,47,534 5,27,037 Note

(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. 2, 2004 4,626 191 3.75 — 5.16 Apr. 16, 2004 4,813 198 4.64 — 6.00 @ : 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 Apr. 30, 2004 9,706 756 4.50 — 6.50 May 15, 2004 10,322 1,340 4.47 — 5.95 @ : Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight May 10 Mar. 13* May 8# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 173.8 179.7 181.1 — 0.3 0.6 4.2 Primary Articles 22.02 180.9 180.9 183.8 –0.1 0.4 1.4 1.6 (i) Fruits and Vegetables 2.92 196.0 168.2 200.8 — 3.5 12.9 2.4 Fuel, Power, Light and Lubricants 14.23 249.5 262.4 264.2 — 0.2 0.4 5.9 Manufactured Products 63.75 154.4 160.8 161.7 0.1 0.4 0.4 4.7 (i) Sugar, Khandsari and Gur 3.9

2003 2004 May 21 May 17 May 18 May 19 May 20 May 21 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3057.09 4505.16 4877.02 5006.10 4932.11 4961.57 S & P CNX NIFTY (3.11.1995=1000) 968.00 1388.75 1503.95 1567.85 1543.85 1560.20

(Rs. crore) WeekEnded Apr. 9, 2004 Apr. 16, 2004 Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 May 14, 2004 May 21, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 5,016 3,186 2,808 1,899 2,277 2,584 2,502 (b) Lendings 3,962 2,529 2,317 2,041 2,245 2,809 1,770 2. Primary Dealers (a) Borrowings 5,241 4,069 4,177 3,512 5,227 4,154 2,711 (b) Lendings 158 183 113 36 78 136 87 3. Non-Bank Institutions (a) Lendings 3,471 2,975 2,707 2,265 3,458 2,688 2,761 4. Total (a) Borrowings 10

(Rs. crore) WeekEnded Items Apr. 16, 2004 Apr. 23, 2004 Apr. 30, 2004 May 7, 2004 May 14, 2004 May 21, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 83,938 74,244 46,406 43,692 54,461 50,287 (b) State Government Securities 633 738 945 499 441 469 (c) 91 – Day Treasury Bills 6,904 4,656 2,388 4,560 6,091 4,452 (d) 364 – Day Treasury Bills 2,587 3,496 3,465 2,196 3,714 3,500 II. RBI* 117 34 — 10 14 5 @ : 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 Apr. 26, 2004 76 14 1 — — — 113 8 — 81 7 1 Apr. 27, 2004 813 550 164 24 29 65 1386 2309 64 819 425 13 Apr. 28, 2004 603 669 336 101 44 68 1237 2294 78 816 373 16 Apr. 29, 2004 698 699 202 13 69 47 2144 2029 33 656 299 151 Apr. 30, 2004 7

(Rs. crore) WeekEnded Apr. 17, 2004 Apr. 24, 2004 May 1, 2004 May 8, 2004 May 15, 2004 May 22, 2004 1 2 3 4 5 6 7 Amount 265.62 464.84 341.07 303.35 336.80 388.88 Source : National Stock Exchange of India Ltd.

(Rs. crore) May 21, 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 — 8,894 24,034 32,928 497 13,535 State Governments 5,422 1,100 — 6,522 266 –934 Others 514 8,137 5,102 13,754 –12 –503

(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 May 21, 2004) May 23, 2003) May 21, 2004) May 23, 2003) 1 2 3 4 5 6 7 1. Total 24,000 $ 35,000 1,35,934 19,988 $ 27,713 88,807 of which : 1.1 Devolvement/Private Placement on RBI — 5,000 21,500 2. RBI's OMO Sales 282 169 41,849 Purchases — — — $ : Includes Rs.15,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended May 14, 2004 For the Week Ended May 21, 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 — — — — — — 2005-06 152 4.4628 4.5577 263 4.4708 4.6188 2006-07 — — — 81 4.5413 4.8499 2007-08 27 4.5724 — 582 3.9883 4.8496 2008-09 455 4.6724 5.1191 400 4.7829 4.9233 2009-10 650 4.7987