(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Week 1997-98 1998-99 Year Mar. 31# Oct. 2# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 Reserve Money 2,26,233 2,35,354 10,296 4.6 5,027 2.5 9,121 4.0 30,342 14.8 Components (i+ii+iii) (i) Currency in circulation 1,50,823 1,58,835 2,204 1.4 3,691 2.7 8,011 5.3 17,927 12.7 of which : cash with banks 5,641 .. (ii) Bankers' deposits with RBI 71,806 72,940 8,286 12.8 37 0.1 1,134 1

(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 Oct. 3, '97 Oct. 4, '97 - 2,350 10 100 2,460 99.81 4.9494 7,860 Jan. 2, '98 Jan. 3, '98 - 35 100 - 135 99.73 7.0

(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 Oct. 3, '97 Oct. 4, '97 300 205 95 - 300 98.31 6.8762 4,200 Jan. 2, '98 Jan. 3, '98 200 - - 200 200 98.23 7.2076

(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 Jul. 4, 1997 9,219 296 8.00 - 14.25 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. 3, 1998 7,886 645 6.00 - 12.75 Jul. 17, 1998 7,287 807 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. 15, 1998 4,786 668 7.65 - 14.00 Sep. 30, 1998 4,588 691 10.25 - 13.25 @ : Typical effective discount rate range per annum on issues during the fortnight.

1997 1998 Percentage Variation over Item / Week ended Weight Sept. 27 Aug. 1* Sep. 26# Week Month End Year March 1 2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 328.1 352.0 356.6 - 0.6 5.8 8.7 Primary Articles 32.30 334.3 377.8 388.5 -0.1 1.6 11.7 16.2 (i) Fruits and Vegetables 4.09 367.8 492.6 539.8 0.1 8.4 48.2 46.8 Fuel, Power, Light and Lubricants 10.66 369.6 379.9 379.9 - - -1.1 2.8 Manufactured Products 57.04 316.8 332.2 334.1 0.1 0.1 3.7 5.5 (i) Sugar, Khandsari and G

1997 1998 Oct. 9 Oct. 5 Oct. 6 Oct. 7 Oct. 8 Oct. 9 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 3,979.96 2,878.07 2,919.74 3,008.63 2,896.14 2,916.66 S & P CNX NIFTY (3.11.1995=1000) 1,134.55 840.75 845.75 874.25 847.95 849.10 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 Apr. 10, '98 Apr. 24, '98 May 8, '98 May 22, '98 Jun. 5, '98 Jun. 19, '98 Jul. 3, '98 1 2 3 4 5 6 7 8 1. Banks a) Borrowing 6,583 7,132 7,739 8,483 8,207 8,710 9,539 b) Lending 5,207 5,280 5,279 6,055 5,787 6,081 6,294 2. Primary Dealers a) Borrowing 2,799 3,631 3,124 3,799 4,101 4,195 4,978 b) Lending 663 1,329 1,404 1,627 1,896 1,753 2,079 3. Non-Bank Institutions a) Lending 3,142 4,045 3,460 4,981 4,712 5,344 5,918

(Rs. crore) Week Ended Items Sept. 4, 98 Sept. 11, 98 Sept. 18, 98 Sept. 25, 98 Oct. 2, 98 Oct. 9, 98 1 2 3 4 5 6 7 I. Outright Transactions a. Govt. of India Dated Securities 3,739 3,134 2,492 2,550 2,410 3,740 b. State Government Securities 95 111 87 1 11 47 c. 14 - Day Treasury Bills 30 20 - 50 106 164 d. 91 - Day Treasury Bills 457 272 370 298 434 1,395 e. 364 -Day Treasury Bills 187 209 821 617 429 96 II. RBI* 543 104 3 - 42 342 @ : Excluding Repo Transactions. *

(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 Sept. 21, 1998 206 52 63 46 38 67 261 535 81 1,203 229 27 Sept. 22, 1998 222 52 78 44 36 75 337 521 66 1,102 189 37 Sept. 23, 1998 197 93 115 58 133 65 494 914 139 815 278 43 Sept. 24, 1998 182 49 74 59 101 93 370 657 90 1,204 386 19 Sept. 25,

(Rs. crore) Week Ended Sept. 5, '98 Sept. 12, '98 Sept. 19, '98 Sept. 26, '98 Oct. 3, '98 Oct. 10, '98 1 2 3 4 5 6 7 Amount 26.30 14.79 18.66 17.04 9.39 2.78 Source: National Stock Exchange of India Ltd.

1997 1998 Item As on Friday Oct. 10 Sept. 11 Sept. 18 Sept. 25 Sept. 30 Oct. 9 1 2 3 4 5 6 7 8 Standard Gold Opening 4,470 4,245 4,250 4,280 4,305 4,380 (Rs. per 10 grams) Closing 4,470 4,255 4,245 4,300 4,300 4,380 Silver (999.0 fineness) Opening 7,310 7,580 7,535 7,700 7,925 7,650 (Rs. per kilogram) Closing 7,365 7,625 7,535 7,720 7,900 7,650 Note : In case Friday is a holiday, prices relate to the preceding working day. Source : Bombay Bullion Association Ltd.

(Rs. crore) Holders October 9, 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 50 - 1,828 962 2,840 -447 2,214 Banks 53 - 1,508 3,890 5,451 -1,461 -7,870 State Governments 300 3,796 1,750 - 5,846 -2,190 -2,038 Others 97 430 956 975 2,458 322 -1,557

(Rs. crore) Gross Amount Repayments Net Amount Raised Raised upto upto 1998-99 1997-98 October 9, 1998 October 9, 1998 (upto (upto October 9, 1998) October 10, 1997) 1 2 3 4 5 Total 61,121 8,803 52,318 27,099

(Rs. crore) For the Week Ended For the Week Ended October 2, 1998 October 9, 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 89 10.4340 10.5322 358 10.0174 10.6307 1999-00 20 10.5251 10.7614 240 10.6124 11.3024 2000-01 825 10.6620 11.4634 690 11.3865 11.5367 2001-02 135 11.5601 11.6369 297 11.5790 12.0377 2002-03$ 40

1. Reserve Bank of India (Rs. crore) Item 1997 1998 Variation over Oct. 3 Sept. 25 Oct. 2 Week Year 1 2 3 4 5 6 Notes in circulation 1,37,775 1,53,109 1,55,312 2,203 17,537 Notes issued 1,37,801 1,53,151 1,55,356 2,205 17,555 Notes held in Banking Department 27 42 44 2 17 Deposits : Central Government 50 50 51 1 1 State Governments 14 13 15 2 1 Scheduled Commercial Banks 58,031 62,795 71,089 8,294 13,058 Scheduled State Co-operative Banks 667 811 750 -61 83 Other Bank

Item As on Oct. 9, 1998 Variation over Week End-March 1998 End-December 1997 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 1,24,937 29,465 821 283 9,032 98 17,642 2,110 16,663 -384 of which : (a) Foreign Currency Assets 1,12,197 26,466 820 282 9,690 491 18,219 2,501 17,447 355 (b) Gold 12,678 2,984 - - -716 -407 -335 -329 -737 -724 (c) SDRs 62 15 1 1 58 14 -242 -62 -47 -15 Note: 1.

(Rs. crore) Outstanding Item as on Variation over 1998 Financial year so far Sept. 25# Fortnight 1997-98 1998-99 Year 1 2 3 4 5 6 Liabilities to the Banking System Demand and time deposits from banks 26,656 63 2,062 2,974 7,198 Borrowings from Banks(1) 9,578 982 4,467 2,418 1,853 Other demand and time liabilities(2) 542 -134 -23 -903 26 Liabilities to Others Aggregate deposits 6,64,006 @ 9,173 40,949 58,596 1,17,458 (1.4) (8.1) (9.7) (21.5) Demand 99,513 3,669 -343 -3

(Per cent per annum) 1997 1998 Item / week ended Oct. 3 Sept. 4 Sept. 11 Sept. 18 Sept. 25 Oct. 2 1 2 3 4 5 6 7 Bank Rate 10.00 9.00 9.00 9.00 9.00 9.00 I.D.B.I.1 14.50 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 10.0-12.0 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 1.00/9.75 8.50/21.0 3.00/9.50 7.50/12.50 4.0/8.50 7.25/9.50 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 Sept. 25 Mar. 28 Sept. 26 1 2 3 4 5 6 7 1. Bank Credit 3,24,079 3,28,132 4,053 2,78,401 2,79,734 1,333 (1.3) (0.5) A. Food Credit 12,485 16,079 3,594 7,597 8,903 1,307 B. Non-Food Credit 3,11,594 3,12,053 459 2,70,805 2,70,831 26 (0.1) (-) 2. Investments 33,084 40,832 @ 7,747 19,411 26,851+ 7,440 A. Commercial Paper 2,066 4,395 2,330 652 3,6

Foreign 1997 1998 1997 1998 Currency Oct. 10 Oct . 5 Oct. 6 Oct. 7 Oct. 8 Oct. 9 Oct. 10* Oct. 5 Oct . 6 Oct . 7 Oct. 8 Oct. 9 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@ 36.2600 42.4400 42.4000 42.4500 42.3700 42.3600 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S. Buying 36.2500 42.4400 42.3800 42.4400 42.3600 42.3500 2.7582 2.3563 2.3585 2.3557 2.3602 2.3607 Dollar Selling

(Rs. crore) Outstanding Variation over as on Item Financial year so far 1998 Fortnight 1997-98 1998-99 Year Mar. 31# Sept. 25# Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 M3 8,25,389 8,95,718 @ 8,077 0.9 48,804 7.0 70,329 8.5 1,45,066 19.3 Components (i+ii+iii+iv) (i) Currency with the Public 1,45,182 1,51,437 -1,729 -1.1 3,295 2.5 6,254 4.3 16,055 11.9 (ii) Demand deposits with banks 1,18,435 1,14,556 3,724 3.4 -1,761 -1.7 -3,880 -3.3 10,983 10.6 (iii