(Rs.crore) 2003 2004 Variation Item Nov. 14 Nov. 5 Nov. 12# Week Year 1 2 3 4 5 6 Notes issued 3,03,182 3,41,840 3,52,556 10,716 49,375 Notes in circulation 3,03,164 3,41,824 3,52,539 10,715 49,375 Notes held in Banking Department 18 16 18 2 — Deposits Central Government 101 793 11,401 10,608 11,300 Market Stabilisation Scheme — 55,083 54,836 –247 54,836 State Governments 41 41 351 310 310 Scheduled Commercial Banks 63,024 90,266 84,973 –5,293 21,949 Scheduled State C

Variation over Item As on Nov. 12, 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 5,58,501 1,23,538 7,117 1,314 68,372 10,579 88,029 20,387 1,28,253 28,663 (a) Foreign Currency Assets 5,32,661 1,17,845 7,098 1,312* 66,446 10,397 87,429 20,228 1,25,688 28,105 (b) Gold 19,776 4,351 — — 1,560 153 551 136 2,008 431 (c) SDRs 22 5 –2 — 12 3 9 2 10 2 (d

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Oct. 29# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 34,962 –312 –5,420 –1,872 –4,028 –73 Borrowings from Banks (1) 26,783 –126 –3,004 11,757 –6,901 10,150 Other demand and time liabilities(2) 2,749 –474 179 122 206 316 Liabilities to Others Aggregate deposits@ 16,16,874 11,642 1,15,207 1,12,458 1,47,

(per cent per annum) 2003 2004 Item / week ended Nov. 7 Oct. 1 Oct. 8 Oct. 15 Oct. 22 Oct. 29 Nov. 5 1 2 3 4 5 6 7 8 Cash Reserve Ratio (per cent)(1) 4.50 4.75 5.00 5.00 5.00 5.00 5.00 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 10.25-10.75 10.25-10.75 10.25-10.75 10.25-10.75 10.25-10.75 10.25-10.75 Deposit Rate(4) 5.00-6.00 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 Oct. 29 Mar. 21 Oct. 31 1 2 3 4 5 6 7 1. Bank Credit 8,40,785 9,88,276 1,47,491 7,29,215 7,62,303 33,088 (17.5) (4.5) A. Food Credit 35,961 39,712 3,751 49,479 36,020 –13,459 B. Non-Food Credit 8,04,824 9,48,565 1,43,741 6,79,736 7,26,283 46,546 (17.9) (6.8) [9,15,882] [1,11,058] [13.8] 2. Investments 88,985 91,915 @ 2,930 92,854 91,

Foreign 2003 2004 2003 2004 Currency Nov. 14 Nov. 8 Nov. 9 Nov. 10 Nov. 11 Nov. 12+ Nov. 14 Nov. 8 Nov. 9 Nov. 10 Nov. 11 Nov. 12+ 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 45.3500 45.1100 45.1000 45.1500 45.2000 (Based on Middle Rates) Euro 53.4300 58.5400 58.2700 58.2100 58.2400 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 45.3400 45.1100 45.1000 45.1350 45.1900 2.2051

(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# Oct. 29# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,03,102 21,35,530 12,017 0.6 1,53,474 8.9 1,32,428 6.6 2,02,092 12.1 2,64,097 14.1 M3 (21,31,961) (1,28,859) (6.4) (2,60,528) (13.9) Components (i+ii+iii+iv) (i) Currency with the Public 3,15,493 3,30,716 672 0.2 22,388 8.2 15,223 4.8 35,920 13.9

(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 Nov. 12# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,512 4,58,605 5,633 1.2 13,494 3.7 22,093 5.1 32,006 9.1 76,049 19.9 Components (i+ii+iii) (i) Currency in circulation 3,27,028 3,59,878 10,715 3.1 27,943 9.9 32,850 10.0 36,502 13.3 49,462 15.9 (ii) Bankers' deposits with RBI 1,04,365 9

9. Repo/Reverse Repo Auctions under Liquidity Adjustment Facility (Rs. crore) REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off 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 Nov. 8,2004 1 15 3,705 15 3,705 6.00 1 40 1 40 4.75 3,665 –3,665 Nov. 9,

(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 (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2004-2005 Mar. 31 Apr. 2 500 29 1,060 — 18 500 — — — 500 98.

(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$ (per cent) (Face Value) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2004-2005 Mar. 31 Apr. 2 1,000 47 1,660 — 39 1,000 — — — 1

Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Oct. 16 Oct. 17 Oct. 18 Oct. 19 Oct. 20 Oct. 21 Oct. 22 Oct. 23 Oct. 24 Oct. 25 Oct. 26 Oct. 27 Oct. 28 Oct. 29 Oct. 29, 2004 87,176 1,74,352 2,60,741 3,47,663 4,37,084 5,28,653 6,21,061 7,12,591 8,04,122 8,93,743 9,81,259 10,64,964 11,44,387 12,30,599 Oct. 30 Oct. 31 Nov. 1 Nov. 2 Nov. 3 Nov. 4 Nov. 5 Nov. 6 Nov. 7 Nov. 8 Nov. 9 Nov.10 Nov. 11 Nov.12 Nov. 12, 2004 88,019 1,76,039 2,66,526 3,59,033 4,50,373 5,34

(Rs. crore) Fortnightended Total Amount Issuedduring Rate of Interest Outstanding # the fortnight # (percent)@ 1 2 3 4 Oct. 3, 2003 3,154 48 3.75 — 6.75 Jan. 9, 2004 4,457 713 3.87 — 5.31 Apr. 2, 2004 4,626 191 3.75 — 5.16 Jul. 9, 2004 5,529 166 4.14 — 6.75 Oct. 1, 2004 5,164 95 3.50 — 5.50 Oct. 15, 2004 4,837 35 4.00 — 5.75@: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 Jan. 15, 2004 9,525 1,542 4.63 — 6.00 Apr. 15, 2004 9,590 810 4.66 — 6.20 Jul. 15, 2004 10,688 954 4.63 — 7.00 Oct. 15, 2004 10,712 542 4.95 — 7.25 Oct. 31, 2004 10,266 489 5.10 — 6.30 Nov. 15, 2004 9,193 480 5.10 — 6.23@: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Nov. 1 Sep. 4* Oct. 30# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 177.0 189.7 189.5 0.2 0.3 5.1 7.1 Primary Articles 22.02 184.7 194.5 192.9 0.6 0.7 6.5 4.4 (i) Fruits and Vegetables 2.92 220.3 223.1 230.6 2.5 3.9 33.3 4.7 Fuel, Power, Light and Lubricants 14.23 255.2 282.0 282.3 — 0.5 7.4 10.6 Manufactured Products 63.75 156.9 167.5 167.6 0.1 — 3.7 6.8 (i) Sugar, Khandsari and Gur

2003 2004 Nov. 12 Nov. 8 Nov. 9 Nov. 10 Nov. 11 Nov. 12 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 5005.77 5930.47 5929.60 5973.75 5954.31 5964.01 S & P CNX NIFTY (3.11.1995=1000) 1603.80 1862.80 1858.75 1876.10 1870.55 1872.95+: Market closed.

(Rs. crore) WeekEnded Oct. 1, 2004 Oct. 8, 2004 Oct. 15, 2004 Oct. 22, 2004 Oct. 29, 2004 Nov. 5, 2004 Nov. 12, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 4,181 8,165 5,876 7,197 3,798 5,416 4,289 (b) Lendings 5,268 9,402 6,036 7,687 4,513 4,806 4,266 2. Primary Dealers (a) Borrowings 2,505 3,187 1,715 2,562 2,279 1,611 1,539 (b) Lendings 13 57 38 65 11 98 170 3. Non-Bank Institutions (a) Lendings 1,404 1,892 1,516 2,006 1,554 2,122 1,392 4. Total (a) Borrowings 6,6

(Rs. crore) WeekEnded Items Oct. 8, 2004 Oct. 15, 2004 Oct. 22, 2004 Oct. 29, 2004 Nov. 5, 2004 Nov. 12, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 20,423 27,335 23,260 31,564 15,240 24,064 (b) State Government Securities 291 4,267 1,009 1,850 1,382 821 (c) 91 – Day Treasury Bills 6,053 4,035 3,415 4,425 6,028 6,089 (d) 364 – Day Treasury Bills 2,106 3,671 3,434 3,698 5,537 3,635 II. RBI* 56 48 — — 79 98 @ :Excluding Repo Transacti

(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 Oct. 25, 2004 806 372 120 14 111 129 1,289 1,193 51 768 338 19 Oct. 26, 2004 534 349 149 28 57 40 940 1,824 108 442 164 1 Oct. 27, 2004 739 315 201 42 54 49 1,360 1,815 88 536 611 1 Oct. 28, 2004 741 448 199 23 129 110 1,567 1,987 63 707

(Rs. crore) WeekEnded Oct. 9, 2004 Oct. 16, 2004 Oct. 23, 2004 Oct. 30, 2004 Nov. 6, 2004 Nov. 13, 2004 1 2 3 4 5 6 7 Amount 264.62 148.95 272.20 223.54 263.53 112.79 Source : National Stock Exchange of India Ltd.

(Rs. crore) Nov. 12, 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 — 16,464 28,887 45,351 –1,875 25,958 State Governments 10,268 1,290 — 11,558 –2,672 4,102 Others 168 6,265 10,240 16,673 123 2,417

(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 Nov. 12, 2004) Nov. 14, 2003) Nov. 12, 2004) Nov. 14, 2003) 1 2 3 4 5 6 7 1. Total 93,000 $ 1,04,434 1,35,934 58,684 $ 72,316 88,807 of which : 1.1 Devolvement/Private Placement on RBI 847 5,000 21,500 2. RBI's OMO Sales 1,223 36,360 41,849 Purchases — — — $ : Includes Rs.25,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Nov. 5, 2004 For the Week Ended Nov. 12, 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 — — — — — — 2005-06 104 5.4914 5.7210 250 5.7969 6.2291 2006-07 119 5.8993 6.6888 25 6.1568 6.3372 2007-08 191 6.0079 6.7101 95 6.2636 6.9471 2008-09 325 6.3301 6.7244 41 6.8303 7.1728 2