(Rs.crore) 2003 2004 Variation Item Oct. 10 Oct. 1 Oct. 8# Week Year 1 2 3 4 5 6 Notes issued 2,93,151 3,25,468 3,30,993 5,525 37,842 Notes in circulation 2,93,117 3,25,457 3,30,979 5,522 37,862 Notes held in Banking Department 34 11 14 3 –20 Deposits Central Government 100 2,950 4,500 1,550 4,400 Market Stabilisation Scheme — 53,202 53,200 –2 53,200 State Governments 41 41 41 — — Scheduled Commercial Banks 77,514 81,476 85,649 4,173 8,135 Scheduled State Co-operative

Variation over Item As on Oct. 8, 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 5,46,908 1,19,304 –946 20 56,779 6,345 76,436 16,153 1,31,219 27,742 (a) Foreign Currency Assets 5,21,587 1,13,809 –928 21* 55,372 6,361 76,355 16,192 1,29,369 27,379 (b) Gold 19,349 4,192 — — 1,133 –6 124 –23 1,382 273 (c) SDRs 6 1 — — –4 –1 –7 –2 –11 –3 (d) Reserve

(Rs. crore) Outstanding Variation over as on Financial year so far Year-on-year Item 2004 Fortnight Oct. 1# 2003-2004 2004-2005 2003 2004 1 2 3 4 5 6 7 Liabilities to the Banking System Demand and time deposits from Banks 35,345 –218 –4,261 –1,489 –2,484 –849 Borrowings from Banks (1) 16,427 –1,630 –795 1,401 –2,103 –2,416 Other demand and time liabilities(2) 4,159 1,143 260 1,532 382 1,644 Liabilities to Others Aggregate deposits@ 16,01,014 15,362 1,06,782 95,598 1,4

(per cent per annum) 2003 2004 Item / week ended Oct. 3 Aug. 27 Sep. 3 Sep. 10 Sep. 17 Sep. 24 Oct. 1 1 2 3 4 5 6 7 8 Cash Reserve Ratio (per cent)(1) 4.50 4.50 4.50 4.50 4.50 4.75 4.75 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 10.25-10.75 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-

(Rs. crore) 2004 - 2005 2003 - 2004 Outstanding Variations Outstanding Variations as on (3) - (2) as on (6) - (5) 2004 2003 Item Mar. 19 Oct. 1 Mar. 21 Oct. 3 1 2 3 4 5 6 7 1. Bank Credit 8,40,785 9,35,905 95,120 7,29,215 7,58,143 28,927 (11.3) (4.0) A. Food Credit 35,961 38,638 2,677 49,479 37,372 –12,107 B. Non-Food Credit 8,04,824 8,97,267 92,443 6,79,736 7,20,771 41,034 (11.5) (6.0) 2. Investments £ 88,985 85,065 @ –3,920 92,854 91,016 + –1,838 A. Commercial Paper

Foreign 2003 2004 2003 2004 Currency Oct. 10 Oct. 4 Oct. 5 Oct. 6 Oct. 7 Oct. 8 Oct. 10 Oct. 4 Oct. 5 Oct. 6 Oct. 7 Oct. 8 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 45.3800 45.9100 45.8600 45.9000 45.8600 45.8300 (Based on Middle Rates) Euro 53.1200 56.7700 56.2900 56.5100 56.3600 56.5400 FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. {Buying 45.3800 45.9050 45.8500 45.9150 45.855

(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. 1# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 20,03,102 21,10,759 13,517 0.6 1,33,901 7.8 1,07,657 5.4 1,97,038 11.9 2,58,899 14.0 M3 Components (i+ii+iii+iv) (i) Currency with the Public 3,15,493 3,21,100 –4,895 –1.5 13,014 4.8 5,608 1.8 34,029 13.6 36,505 12.8 (ii) Demand deposits with banks 2

(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 Oct. 8# Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 4,36,512 4,37,480 9,415 2.2 18,565 5.0 968 0.2 49,522 14.6 49,854 12.9 Components (i+ii+iii) (i) Currency in circulation 3,27,028 3,38,318 5,522 1.7 17,873 6.3 11,290 3.5 35,428 13.4 37,972 12.6 (ii) Bankers' deposits with RBI 1,04,365 92,591

(Rs. crore) REPO REVERSE REPO 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 Oct. 4,2004 1 31 12,865 31 12,865 4.50 — — — — — –12,865 7 8 2,350 8 2,350 4.50 — — — — — –2,350 14 3 1,525 3 1,525 4.50 — — — — — –1,525 20,640 Oct. 5,2004 1 25 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 Com- 10+11) Price Price Date of Issue petitive 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 98.9

(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 2003-2004 Jan. 7 Jan. 9 1,000 33 1,350 3 25 1,000 3 — — 1,

(Rs. crore) Fortnight Date Ended 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Sep. 18 Sep. 19 Sep. 20 Sep. 21 Sep. 22 Sep. 23 Sep. 24 Sep. 25 Sep. 26 Sep. 27 Sep. 28 Sep. 29 Sep. 30 Oct. 1 Oct. 1, 2004 74,730 1,49,460 2,30,587 3,17,044 4,05,441 4,89,930 5,73,075 6,58,436 7,43,796 8,27,945 9,11,560 9,96,028 10,78,859 11,60,165 Oct. 2 Oct. 3 Oct. 4 Oct. 5 Oct. 6 Oct. 7 Oct. 8 Oct. 9 Oct. 10 Oct. 11 Oct. 12 Oct. 13 Oct. 14 Oct. 15 Oct. 15, 2004 81,306 1,62,611 2,49,635 3,41,951 4

(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 Sep. 3, 2004 4,842 644 4.50 — 5.75 Sep. 17, 2004 4,872 127 4.09 — 5.09@: Effective interest rate range per annum.

(Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest Outstanding thefortnight (percent)@ 1 2 3 4 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 Jul. 15, 2004 10,688 954 4.63 — 7.00 Sep. 15, 2004 11,095 664 4.68 — 7.00 Sep. 30, 2004 11,319 686 4.55 — 6.50 @: Typical effective discount rate range per annum on issues during the fortnight.

2003 2004 Percentage Variation over Weight Sep. 27 Jul. 31* Sep. 25# Week Month End Year Items / Week ended March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 176.1 187.3 189.1 –0.1 0.3 4.9 7.4 Primary Articles 22.02 182.8 191.4 191.5 –0.6 –0.7 5.7 4.8 (i) Fruits and Vegetables 2.92 211.2 197.9 212.0 –1.4 –1.3 22.5 0.4 Fuel, Power, Light and Lubricants 14.23 254.6 274.7 281.6 — 0.3 7.2 10.6 Manufactured Products 63.75 156.3 166.4 167.6 — 0.7 3.7 7.2 (i) Sugar, Khandsari a

2003 2004 Oct. 8 Oct. 4 Oct. 5 Oct. 6 Oct. 7 Oct. 8 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 4634.86 5766.30 5758.67 5713.75 5773.66 5776.85 S & P CNX NIFTY (3.11.1995=1000) 1478.60 1805.65 1812.45 1794.90 1815.70 1820.20+:Market closed.

(Rs. crore) WeekEnded Aug. 27, 2004 Sep. 3, 2004 Sep. 10, 2004 Sep. 17, 2004 Sep. 24, 2004 Oct. 1, 2004 Oct. 8, 2004 1 2 3 4 5 6 7 8 1. Banks (a) Borrowings 4,760 2,580 4,918 5,971 9,132 4,181 8,165 (b) Lendings 3,649 1,421 3,277 5,111 10,722 5,268 9,402 2. Primary Dealers (a) Borrowings 1,937 1,800 2,175 2,970 4,430 2,505 3,187 (b) Lendings 51 48 49 61 52 13 57 3. Non-Bank Institutions (a) Lendings 1,949 1,821 2,333 2,004 2,788 1,404 1,892 4. Total (a) Borrowings 6,6

(Rs. crore) WeekEnded Items Sep. 3, 2004 Sep. 10, 2004 Sep. 17, 2004 Sep. 24, 2004 Oct. 1, 2004 Oct. 8, 2004 1 2 3 4 5 6 7 I. Outright Transactions (a) Govt. of India Dated Securities 45,312 49,155 39,635 43,880 23,928 20,423 (b) State Government Securities 721 1,493 1,092 1,104 1,128 291 (c) 91 – Day Treasury Bills 8,385 5,184 5,898 5,795 8,253 6,053 (d) 364 – Day Treasury Bills 4,386 1,536 4,335 1,993 4,166 2,106 II. RBI* 86 12 5 — 85 56 @ :Excluding Repo Transactio

(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 Sep. 20, 2004 548 314 67 20 50 37 1,429 1,467 107 333 148 7 Sep. 21, 2004 527 254 69 18 170 69 1,165 1,552 94 517 230 9 Sep. 22, 2004 584 310 71 30 200 67 1,140 1,574 90 656 225 6 Sep. 23, 2004 581 346 65 20 66 44 1,161 1,649 106 666 198

(Rs. crore) WeekEnded Sep. 4, 2004 Sep. 11, 2004 Sep. 17, 2004 Sep. 25, 2004 Oct. 2, 2004 Oct. 9, 2004 1 2 3 4 5 6 7 Amount 477.04 235.42 338.49 446.87 473.52 264.62 Source : National Stock Exchange of India Ltd.

(Rs. crore) Oct. 8, 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 — 17,217 29,044 46,261 602 26,868 State Governments 8,687 1,270 — 9,957 –4,136 2,502 Others 328 6,262 9,078 15,668 –596 1,412

(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 Oct. 8, 2004) Oct. 10, 2003) Oct. 8, 2004) Oct. 10, 2003) 1 2 3 4 5 6 7 1. Total 79,000 $ 94,434 1,35,934 45,224 $ 62,316 88,807 of which : 1.1 Devolvement/Private Placement on RBI 847 5,000 21,500 2. RBI's OMO Sales 998 22,393 41,849 Purchases — — — $ : Includes Rs.25,000 crore under Market Stabilisation Scheme.

(Amount in Rs. crore) For the Week Ended Oct. 1, 2004 For the Week Ended Oct. 8, 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 — — — — — — 2005-06 445 5.1550 5.4057 433 5.3218 5.6697 2006-07 51 5.4920 5.5648 35 4.8170 5.8369 2007-08 60 5.6761 5.8901 358 5.9480 6.0577 2008-09 1,031 5.8784 6.4150 244 6.1562 6.6714