(Rs. crore) Item 1997 1998 Variation over Nov. 7 Oct. 30 Nov. 6 Week Year 1 2 3 4 5 6 Notes in circulation 1,49,593 1,58,592 1,61,353 2,761 11,760 Notes issued 1,49,622 1,58,626 1,61,379 2,753 11,757 Notes held in Banking Department 29 34 27 -7 -2 Deposits : Central Government 51 51 50 -1 -1 State Governments 12 15 12 -3 - Scheduled Commercial Banks 53,253 70,740 70,490 -250 17,237 Scheduled State Co-operative Banks 833 778 547 -231 -286 Other Banks 917 1,133 1,093 -4

Variation over As on Nov. 13, 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 1,25,321 29,605 -251 -110 9,416 238 18,026 2,250 16,210 -121 of which : (a) Foreign Currency Assets 1,11,938 26,446 -185 -94 9,431 471 17,960 2,481 16,553 490 (b) Gold 12,972 3,062 - - -422 -329 -41 -251 -665 -684 (c) SDRs 411 97 -66 -16 407 96 107 20 322 73 N

(Rs. crore) Outstanding Item as on Variation over 1998 Financial year so far Nov. 6# Fortnight 1997-98 1998-99 Year 1 2 3 4 5 6 Liabilities to the Banking System Demand and time deposits from banks 27,953 423 3,076 4,271 7,481 Borrowings from Banks(1) 12,089 1,025 3,747 4,929 5,084 Other demand and time liabilities(2) 489 -55 -68 -956 18 Liabilities to Others Aggregate deposits 6,76,350 @ 1,112 49,584 70,940 1,21,167 (0.2) (9.8) (11.7) (21.8) Demand 1,00,993 344 -3,65

(Per cent per annum) 1997 1998 Item / week ended Nov. 7 Oct. 9 Oct. 16 Oct. 23 Oct. 30 Nov. 6 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 12.5-13.0 12.75-13.0 12.75-13.0 12.75-13.0 12.75-13.0 12.75-13.0 Deposit Rate3 9.0-11.5 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 2.00/9.25 4.00/8.30 8.10/9.75 4.00/9.50 8.40/9.50 5.00/8.80 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 Nov. 6 Mar. 28 Nov. 7 1 2 3 4 5 6 7 1. Bank Credit 3,24,079 3,37,176 13,097 2,78,401 2,86,838 8,437 (4.0) (3.0) A. Food Credit 12,485 16,073 3,588 7,597 10,741 3,145 B. Non-Food Credit 3,11,594 3,21,103 9,510 2,70,805 2,76,097 5,292 (3.1) (2.0) 2. Investments 33,084 41,929 @ 8,845 19,411 28,945+ 9,534 A. Commercial Paper 2,066 4,292 2,227 65

Foreign 1997 1998 1997 1998 Currency Nov. 13 Nov. 9 Nov. 10 Nov. 11 Nov. 12 Nov. 13 Nov. 13* Nov. 9 Nov. 10 Nov. 11 Nov. 12 Nov. 13 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@ 36.7300 42.2700 42.2900 42.2800 42.3300 42.3200 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.7300 42.2650 42.2850 42.2750 42.3250 42.3150 2.7222 2.3657 2.3646 2.3652 2.3624 2.3629 Dollar Sel

(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# Nov. 6# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,40,464 2,252 0.9 12,690 6.3 14,231 6.3 27,789 13.1 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,64,875 2,760 1.7 15,551 11.3 14,052 9.3 12,107 7.9 of which : cash with banks 5,641 4,134* (ii) Bankers' deposits with RBI 71,806 72,131 -519 -0.7 -4,571 -

(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, 1998 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, 1998 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 Nov. 1 Sept.5* Oct. 31# Week Month End Year March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 331.2 356.4 359.4 0.2 0.4 6.6 8.5 Primary Articles 32.30 336.4 387.8 395.4 0.3 0.9 13.7 17.5 (i) Fruits and Vegetables 4.09 363.3 546.4 570.2 0.4 0.2 56.5 57.0 Fuel, Power, Light and Lubricants 10.66 377.4 379.9 379.9 - - -1.1 0.7 Manufactured Products 57.04 319.6 334.3 335.2 0.1 0.1 4.0 4.9 (i) Sugar, Khandsari and Gu

1997 1998 Nov. 13 Nov. 9 Nov. 10 Nov. 11 Nov. 12 Nov. 13 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3,554.10 2,983.67 3,004.67 2.976.17 3,009.57 2,976.12 S & P CNX NIFTY (3.11.1995=1000) 1,022.40 864.65 868.70 868.85 871.75 867.25 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 Oct 9, '98 Oct 16, '98 Oct 23, '98 Oct 30, '98 Nov 6, '98 Nov 13, '98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 3,740 1,915 393 3,358 3,105 11,089 b. State Government Securities 47 2 7 274 112 111 c. 14 - Day Treasury Bills 164 1,069 383 265 85 178 d. 91 - Day Treasury Bills 1,395 1,441 258 1,825 3,122 2,926 e. 364 -Day Treasury Bills 96 752 121 374 1,929 1,100 II. RBI* 342 216 46 276 1,723 3,696 @ : Excludi

(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 Nov 2, 1998 258 69 71 24 43 93 394 705 154 562 303 52 Nov 3, 1998 216 67 33 11 154 141 394 551 127 649 231 41 Nov 4, 1998 + Nov 5, 1998 275 65 26 33 109 65 481 525 46 754 163 50 Nov 6, 1998 257 53 29 9 25 69 415 477 62 479 206 16 Sales Nov 2, 1

(Rs. crore) Week Ended Oct 10, '98 Oct 17, '98 Oct 24, '98 Oct 31, '98 Nov 7, '98 Nov 14, '98 1 2 3 4 5 6 7 Amount 2.78 10.88 6.97 19.71 35.55 42.63 Source: National Stock Exchange of India Ltd.

1997 1998 Item As on Friday Nov. 13 Oct. 16 Oct. 23 Oct. 30 Nov. 6 Nov.13 1 2 3 4 5 6 7 8 Standard Gold Opening 4,230 4,360 4,310 4,300 4,280 4,340 (Rs. per 10 grams) Closing 4,230 4,360 4,300 4,305 4,285 4,330 Silver (999.0 fineness) Opening 6,840 7,450 7,360 7,575 7,525 7,610 (Rs. per kilogram) Closing 6,845 7,425 7,395 7,540 7,545 7,620 Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders November 13, 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 - - 164 - 164 -1,063 -462 Banks 159 - 4,045 4,118 8,322 872 -4,998 State Governments 200 4,867 800 - 5,867 -338 -2,017 Others 41 375 1,021 1,306 2,743 -224 -1,271

(Rs. crore) Gross Amount Repayments Net Amount Raised Raised upto upto 1998-99 1997-98 November 13, 1998 November 13, 1998 (upto (upto November 13, 1998) November 14, 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 November 6, 1998 November 13, 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 1998-99 194 9.5981 10.2924 419 8.6522 9.9619 1999-00 369 9.9993 12.3084 294 7.7402 11.0351 2000-01 670 11.1108 11.4615 3,187 9.6422 11.5696 2001-02 131 11.5501 11.6410 409 11.4111 11.5549 2002-03$ 1