(Rs. crore) Item 1997 1998 Variation over Oct. 31 Oct. 23 Oct. 30 Week Year 1 2 3 4 5 6 Notes in circulation 1,46,683 1,61,666 1,58,592 -3,074 11,909 Notes issued 1,46,726 1,61,714 1,58,626 -3,088 11,900 Notes held in Banking Department 43 48 34 -14 -9 Deposits : Central Government 258 50 51 1 -207 State Governments 218 13 15 2 -203 Scheduled Commercial Banks 53,032 67,626 70,740 3,114 17,708 Scheduled State Co-operative Banks 603 484 778 294 175 Other Banks 900 1,092

Variation over As on Nov. 6, 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 1,25,572 29,715 -207 36 9,667 348 18,277 2,360 15,885 -326 of which : (a) Foreign Currency Assets 1,12,123 26,540 -498 -42 9,616 565 18,145 2,575 16,150 266 (b) Gold 12,972 3,062 294 78 -422 -329 -41 -251 -665 -684 (c) SDRs 477 113 -3 - 473 112 173 36 400 92 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. 31 Oct. 2 Oct. 9 Oct. 16 Oct. 23 Oct. 30 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 2.00/8.75 7.25/9.50 4.00/8.30 8.10/9.75 4.00/9.50 8.40/9.50 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 41,929 @ 8,845 19,411 28,945+ 9,534 A. Commercial Paper 2,066 4,292 2,227

Foreign 1997 1998 1997 1998 Currency Nov. 7 Nov. 2 Nov. 3 Nov. 4+ Nov. 5 Nov. 6 Nov. 7* Nov. 2 Nov. 3 Nov. 4+ Nov. 5 Nov. 6 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@ 36.5500 42.3000 42.2900 42.3500 42.3300 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.5400 42.2900 42.2900 42.3450 42.3150 2.7364 2.3641 2.3646 2.3613 2.3624 Dollar Selling 36.5500 42.3000 42.3000 42

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Fortnight 1997-98 1998-99 Year Mar. 31# Oct. 23# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 M3 8,25,389 9,15,074 @ 6,306 0.7 57,518 8.2 89,685 10.9 1,55,708 20.5 Components (i+ii+iii+iv) (i) Currency with the Public 1,45,182 1,59,465 2,960 1.9 8,510 6.4 14,282 9.8 18,868 13.4 (ii) Demand deposits with banks 1,18,435 1,15,669 6 - -4,142 -3.9 -2,767 -2.3 14,477 14.3 (iii) Time

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Week 1997-98 1998-99 Year Mar. 31# Oct. 30# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,38,212 256 0.1 7,930 4.0 11,979 5.3 30,297 14.6 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,62,115 -3,074 -1.9 12,641 9.2 11,291 7.5 12,257 8.2 of which : cash with banks 5,641 .. (ii) Bankers' deposits with RBI 71,806 72,650 3,449 5.0 -5,040 -8.5 8

(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 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, '98 Jul. 3, '98 100 - 100 100 92.61 7.9797 10,153 @ Oct. 7, '

(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 Aug. 14, 1998 6,722 636 8.00 - 12.50 Aug. 28, 1998 6,545 775 6.75 - 15.00 @ : 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 Oct. 15, 1998 4,803 1,101 9.50 - 13.40 Oct. 31, 1998 4,874 1,671 9.75 - 13.05 @ : Typical effective discount rate range per annum on issues during the fortnight.

1997 1998 Percentage Variation over Item / Week ended Weight Oct.25 Aug.29* Oct.24# Week Month End Year March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 331.6 354.3 358.8 0.1 0.6 6.4 8.2 Primary Articles 32.30 337.6 381.8 394.4 0.5 1.5 13.4 16.8 (i) Fruits and Vegetables 4.09 363.0 502.3 568.0 -0.5 5.2 55.9 56.5 Fuel, Power, Light and Lubricants 10.66 377.4 379.9 379.9 - - -1.1 0.7 Manufactured Products 57.04 319.7 334.0 334.7 -0.1 0.2 3.8 4.7 (i) Sugar, Khandsari and G

1997 1998 Nov. 6 Nov. 2 Nov. 3 Nov. 4+ Nov. 5 Nov. 6 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3,763.96 2,811.44 2,812.06 2,842.51 2,884.37 S & P CNX NIFTY (3.11.1995=1000) 1,080.95 823.20 820.90 829.15 840.80 Note : 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 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 Oct. 2, '98 Oct. 9, '98 Oct. 16, '98 Oct. 23, '98 Oct. 30, '98 Nov. 6, '98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 2,410 3,740 1,915 393 3,358 3,105 b. State Government Securities 11 47 2 7 274 112 c. 14 - Day Treasury Bills 106 164 1,069 383 265 85 d. 91 - Day Treasury Bills 434 1,395 1,441 258 1,825 3,122 e. 364 -Day Treasury Bills 429 96 752 121 374 1,929 II. RBI* 42 342 216 46 276 1,723 @ : Excluding R

(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 26, 1998 265 99 71 24 96 67 414 587 103 674 230 49 Oct 27, 1998 208 102 81 24 111 97 386 589 87 629 210 33 Oct 28, 1998 261 99 164 11 63 42 547 850 94 759 227 49 Oct 29, 1998 195 50 68 10 106 53 457 529 76 692 213 20 Oct 30, 1998 222 73 106

(Rs. crore) Week Ended Oct. 3, '98 Oct. 10, '98 Oct. 17, '98 Oct. 24, '98 Oct. 31, '98 Nov. 7, '98 1 2 3 4 5 6 7 Amount 9.39 2.78 10.88 6.97 19.71 35.55 Source: National Stock Exchange of India Ltd.

1997 1998 Item As on Friday Nov. 7 Oct. 9 Oct. 16 Oct. 23 Oct. 30 Nov. 6 1 2 3 4 5 6 7 8 Standard Gold Opening 4,190 4,380 4,360 4,310 4,300 4,280 (Rs. per 10 grams) Closing 4,205 4,380 4,360 4,300 4,305 4,285 Silver (999.0 fineness) Opening 6,745 7,650 7,450 7,360 7,575 7,525 (Rs. per kilogram) Closing 6,820 7,650 7,425 7,395 7,540 7,545 Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders November 6, 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) (Auction) (Auction) 1 2 3 4 5 6 7 8 Reserve Bank of India - - 977 - 977 -1,790 351 Banks 200 - 3,174 4,118 7,492 1,094 -5,828 State Governments 200 5,455 750 - 6,405 185 -1,479 Others - 360 1,109 1,306 2,776 -121 -1,239

(Rs. crore) Gross Amount Repayments Net Amount Raised Raised upto upto 1998-99 1997-98 November 6, 1998 November 6, 1998 (upto (upto November 6, 1998) November 7, 1997) 1 2 3 4 5 Total 69,121 8,803 60,318 27,099

(Rs. crore) For the Week Ended For the Week Ended October 30, 1998 November 6, 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 1998-99 145 9.8723 10.5020 194 9.5981 10.2924 1999-00 249 10.2091 11.3214 369 9.9993 12.3084 2000-01 667 11.1290 11.8244 670 11.1108 11.4615 2001-02 224 11.6024 12.0279 131 11.5501 11.6410 2002-03$ 5