(Rs. crore) Item 1997 1998 Variation over Oct. 24 Oct. 16 Oct. 23 Week Year 1 2 3 4 5 6 Notes in circulation 1,42,398 1,59,983 1,61,666 1,683 19,268 Notes issued 1,42,473 1,60,031 1,61,714 1,683 19,241 Notes held in Banking Department 76 48 48 - -28 Deposits : Central Government 50 50 50 - - State Governments 14 16 13 -3 -1 Scheduled Commercial Banks 56,578 72,276 67,626 -4,650 11,048 Scheduled State Co-operative Banks 794 742 484 -258 -310 Other Banks 902 1,139 1,092

Variation over As on Oct. 30, 1998 Week End-March 1998 End-December 1997 Year Item 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 1,25,779 29,679 335 35 9,874 312 18,484 2,324 16,532 -343 of which : (a) Foreign Currency Assets 1,12,621 26,582 -83 -63 10,114 607 18,643 2,617 17,122 336 (b) Gold 12,678 2,984 - - -716 -407 -335 -329 -959 -762 (c) SDRs 480 113 418 98 476 112 176 36 369 83 No

(Rs. crore) Outstanding Item as on Variation over 1998 Financial year so far Oct. 23# Fortnight 1997-98 1998-99 Year 1 2 3 4 5 6 Liabilities to the Banking System Demand and time deposits from banks 27,530 -969 2,472 3,848 7,662 Borrowings from Banks(1) 11,064 -863 5,096 3,904 2,710 Other demand and time liabilities(2) 544 -212 -156 -901 161 Liabilities to Others Aggregate deposits 6,75,238 @ 3,265 43,367 69,828 1,26,272 (0.5) (8.6) (11.5) (23.0) Demand 1,00,649 54 -3

(Per cent per annum) 1997 1998 Item / week ended Oct. 24 Sept. 25 Oct. 2 Oct. 9 Oct. 16 Oct. 23 1 2 3 4 5 6 7 Bank Rate 9.00 9.00 9.00 9.00 9.00 9.00 I.D.B.I.1 13.50 14.00 14.00 14.00 14.00 14.00 Prime Lending Rate2 13.50 12.75-13.0 12.75-13.0 12.75-13.0 12.75-13.0 12.75-13.0 Deposit Rate3 10.0-12.00 9.0-11.5 9.0-11.5 9.0-11.5 9.0-11.5 9.0-11.5 Call Money Rate (Low / High)4 7.75/10.90 4.00/8.40 7.25/9.50 4.00/8.30 8.10/9.75 4.00/9.50 1. Medium Term Lending Rate (MTLR)

(Rs. crore) 1998-99 1997-98 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) Item 1998 1997 Mar. 27 Oct. 23 Mar. 28 Oct. 24 1 2 3 4 5 6 7 1. Bank Credit 3,24,079 3,37,170 13,091 2,78,401 2,85,078 6,676 (4.0) (2.4) A. Food Credit 12,485 16,728 4,243 7,597 10,213 2,616 B. Non-Food Credit 3,11,594 3,20,442 8,849 2,70,805 2,74,865 4,060 (2.8) (1.5) 2. Investments £ 33,084 41,663 @ 8,579 19,411 28,428+ 9,017 A. Commercial Paper 2,066 4,476 2,41

Foreign 1997 1998 1997 1998 Currency Oct. 31 Oct. 26 Oct. 27 Oct. 28 Oct. 29 Oct. 30 Oct. 31* Oct. 26 Oct . 27 Oct . 28 Oct. 29 Oct. 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100@ 36.4000 42.2700 42.2600 42.2700 42.2900 42.3700 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.3950 42.2700 42.2600 42.2600 42.2800 42.2500 2.7473 2.3657 2.3663 2.3657 2.3646 2.3602 Dollar

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Fortnight 1997-98 1998-99 Year Mar. 31# Oct. 9# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 M3 8,25,389 9,08,768 @ 13,049 1.5 51,486 7.3 83,378 10.1 1,55,434 20.6 Components (i+ii+iii+iv) (i) Currency with the Public 1,45,182 1,56,504 5,068 3.3 9,400 7.1 11,322 7.8 15,017 10.6 (ii) Demand deposits with banks 1,18,435 1,15,662 1,107 1.0 -6,462 -6.1 -2,773 -2.3 16,790 17.0 (iii)

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Week 1997-98 1998-99 Year Mar. 31# Oct. 23# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,37,956 -3,235 -1.3 7,455 3.7 11,723 5.2 30,515 14.7 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,65,189 1,683 1.0 8,356 6.1 14,365 9.5 19,616 13.5 of which : cash with banks 5,641 4,032* (ii) Bankers' deposits with RBI 71,806 69,201 -4,956 -6.7 -1,30

(Rs. crore) Date of Date of Notified Competitive Devolvement Non-Compe- Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Bids on PDs and titive Bids Issue Average at Cut-off ding as on the Accepted RBI Accepted (4+5+6) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Face Value) (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 Jan. 2, '98 Jan. 3, '98 - 35 100 - 135 99.73 7.0390 370 Apr. 3, '98 Apr. 4, '98 100 100 - - 100 99.72 7.3004 235

(Rs. crore) Date of Date of Notified Competitive Devolvement Non-Compe- Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Bids on PDs and titive Bids Issue Average at Cut-off ding as on the Accepted RBI Accepted (4+5+6) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Face Value) (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 Jan. 2, '98 Jan. 3, '98 200 - - 200 200 98.23 7.2076 3,650 Apr. 3, '98 Apr. 4, '98 100 10 90 25 125 98.20 7.3320

(Rs. crore) Date of Date of Notified Bids Devolvement Total Weighted Implicit Yield Amount Outstan- Auction Issue Amount Accepted on PDs and Issue Average at Cut-off ding as on the RBI (4+5) Price Price Date of Issue (Face Value) (Face Value) (Face Value) (Per cent) (Face Value) 1 2 3 4 5 6 7 8 9 Oct. 8, '97 Oct. 10, '97 - 2,092 - 2,092 92.23 8.4716 16,769 Jan. 14, '98 Jan. 16, '98 - - - - - - 17,517 @ Apr. 7, '98 Apr. 11, '98 100 6 94 100 92.61 7.9797 14,339 Jul. 1,

(Rs. crore) Fortnight ended Total Amount Issued during Rate of Interest Outstanding # the fortnight # (Per cent)@ 1 2 3 4 Oct. 10, 1997 7,572 631 7.50 - 12.00 Jan. 2, 1998 6,876 811 6.50 - 11.75 Apr. 10, 1998 14,584 627 8.25 - 24.00 Jul. 17, 1998 7,287 807 8.00 - 12.50 Jul. 31, 1998 7,147 696 8.00 - 12.82 Aug. 14, 1998 6,722 636 8.00 - 12.50 @ : 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 Oct. 15, 1997 3,377 325 8.45 - 11.00 Jan. 15, 1998 5,249 1,205 8.05 - 11.75 Apr. 15, 1998 1,030 338 11.75 - 18.00 Jul. 15, 1998 3,912 772 8.20 - 13.50 Sep. 30, 1998 4,588 691 10.25 - 13.25 Oct. 15, 1998 4,803 1,101 9.50 - 13.40 @ : Typical effective discount rate range per annum on issues during the fortnight.

1997 1998 Percentage Variation over Item / Week ended Weight Oct. 18 Aug. 22* Oct. 17# Week Month End Year March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 331.9 353.8 358.4 -0.1 0.5 6.3 8.0 Primary Articles 32.30 338.8 380.4 392.4 -0.3 0.9 12.8 15.8 (i) Fruits and Vegetables 4.09 369.4 498.7 570.7 -1.5 5.8 56.7 54.5 Fuel, Power, Light and Lubricants 10.66 377.4 379.9 379.9 - - -1.1 0.7 Manufactured Products 57.04 319.5 333.8 335.1 - 0.4 4.0 4.9 (i) Sugar, Khandsari and

1997 1998 Oct. 30 Oct. 26 Oct. 27 Oct. 28 Oct. 29 Oct. 30 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3,803.24 2,889.71 2,895.84 2,833.04 2,845.16 2,812.49 S & P CNX NIFTY (3.11.1995=1000) 1,085.25 845.25 841.60 833.85 832.25 828.85 Note : NSE - 50, i.e. Nifty has since been rechristened as 'S & P CNX Nifty' with effect from July 28, 1998.

(Rs. crore) Fortnight Ended May. 22, '98 Jun 5, '98 Jun. 19, '98 Jul. 3, '98 Jul. 17, '98 Jul. 31, '98 Aug. 14, '98 1 2 3 4 5 6 7 8 1. Banks a) Borrowing 8,483 8,207 8,710 9,539 9,102 9,114 9,629 b) Lending 6,055 5,787 6,081 6,294 7,127 7,550 7,256 2. Primary Dealers a) Borrowing 3,799 4,101 4,195 4,978 4,465 4,941 4,814 b) Lending 1,627 1,896 1,753 2,079 1,697 1,646 1,584 3. Non-Bank Institutions a) Lending 4,981 4,712 5,344 5,918 4,803 4,833 5,649

(Rs. crore) Week Ended Items Sept. 25, '98 Oct. 2, '98 Oct. 9, '98 Oct. 16, '98 Oct. 23, '98 Oct. 30, '98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 2,550 2,410 3,740 1,915 393 3,358 b. State Government Securities 1 11 47 2 7 274 c. 14 - Day Treasury Bills 50 106 164 1,069 383 265 d. 91 - Day Treasury Bills 298 434 1,395 1,441 258 1,825 e. 364 -Day Treasury Bills 617 429 96 752 121 374 II. RBI* - 42 342 216 46 276 @ : Excluding Repo Tran

(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 Oct. 19, 1998+ Oct. 20, 1998 266 61 32 35 127 130 324 489 101 765 226 51 Oct. 21, 1998+ Oct.&nbsp22, 1998+   Oct.&nbsp23, 1998 270   79 59 65 206 99 546 791 90 913 359 85 Sales Oct. 19, 1998+ Oct. 20, 1998 315 86 13 30 126 149

(Rs. crore) Week Ended Sept. 26, '98 Oct. 3, '98 Oct. 10, '98 Oct. 17, '98 Oct. 24, '98 Oct. 31, '98 1 2 3 4 5 6 7 Amount 17.04 9.39 2.78 10.88 6.97 19.71 Source: National Stock Exchange of India Ltd.

1997 1998 Item As on Friday Oct. 31 Sept.30 Oct. 9 Oct. 16 Oct. 23 Oct. 30 1 2 3 4 5 6 7 8 Standard Gold Opening 4,200 4,305 4,380 4,360 4,310 4,300 (Rs. per 10 grams) Closing 4,200 4,300 4,380 4,360 4,300 4,305 Silver (999.0 fineness) Opening 6,690 7,925 7,650 7,450 7,360 7,575 (Rs. per kilogram) Closing 6,710 7,900 7,650 7,425 7,395 7,540 Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders October 30, 1998 Variation in Total Treasury Bills Treasury Bills of Different Maturities Total Over the Over End 14 Day 14 Day 91 Day 364 Day (2+3+4+5) Week March (Auction) (Intermediate) 1 2 3 4 5 6 7 8 Reserve Bank of India 250 - 1,855 662 2,768 -46 2,141 Banks 158 - 2,299 3,940 6,398 314 -6,922 State Governments - 5,220 1,000 - 6,220 -119 -1,664 Others 192 355 1,105 1,245 2,897 -384 -1,118

(Rs. crore) Gross Amount Repayments Net Amount Raised Raised upto upto 1998-99 1997-98 October 30, 1998 October 30, 1998 (upto (upto October 30, 1998) October 31, 1997) 1 2 3 4 5 Total 64,121 8,803 55,318 27,099

(Rs. crore) For the Week Ended For the Week Ended October 23, 1998 October 30, 1998 Items Amount YTM (%PA) Amount YTM (%PA) Indicative 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 1998-99 38 10.2841 10.4977 145 9.8723 10.5020 1999-00 30 10.5877 10.8145 249 10.2091 11.3214 2000-01 60 11.4258 11.5287 667 11.1290 11.8244 2001-02 20 11.6415 11.6648 224 11.6024 12.0279 2002-03$ - -