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02 Mar 2007

3. Scheduled Commercial Banks - Business in India
(Rs. crore) Outstanding as onVariation over Item1999 Financial year so far Jul. 16#Fortnight1998-991999-2000Year 123456Liabilities to the Banking System Demand and time deposits from banks31,967-891,327-2936,958 Borrowings from Banks(1)11,2408681,203-3842,876 Other demand and time liabilities(2)1,031-37-943341529Liabilities to Others Aggregate deposits7,33,808@2,03620,18824,7161,15,136 (0.3)(3.4)(3.5)(18.6) Demand1,08,869-283*-4,926-4,61111,282 Time6,24,939@2,32025,11
Foreign Exchange Rates - Spot and Forward Premia
Foreign Currency 2007 Annual appreciation (+) / depreciation (-) (per cent) Jan. 22 Jan. 23 Jan. 24 Jan. 25 Jan. 26+ Jan. 22 Jan. 23 Jan. 24 Jan. 25 Jan. 26+ 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S. Dollar 44.2100 44.2100 44.2300 44.2400   — –0.14 –0.05 0.11   Euro     57.3400 57.2300 57.6100 57.3300   — –5.54 –5.64 –5.15   FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.   { Buying 44.2100 4
Reserve Money : Components and Sources
(Rs. crore) Item Outstanding as on     Variation over 2006 Mar. 31# 2007 Jan. 26# Week Financial year so far Year-on-year 2005-2006 2006-2007 2006 2007 Amount % Amount % Amount % Amount % Amount % 1 2 3 4 5 6 7 8 9 10 11 12 13 Reserve Money 5,73,066 6,54,699 12,909 2.0 53,939 11.0 81,633 14.2 78,600 16.9 1,11,625 20.6 Components (i+ii+iii) (i) Currency in circulation 4,30,676 4,87,696 –555 –0.1 47,525 12.9 57,020 13.2 59,766 16.8 71,510 17.2 (ii) Bankers' de
Turnover in Foreign Exchange Market
(US $ Million) Position Date Merchant Inter-bank FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel- lation Spot Forward Forward Cancel- lation Spot Swap Forward Spot Swap Forward 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Jan. 8, 2007 1,178 702 591 1,338 707 919 3,175 3,683 973 4,198 1,563 276 Jan. 9, 2007 1,247 392 130 468 505 1,423 2,712 2,875 593 2,954 1,285 143 Jan. 10, 2007 1,075 717 253 441 364 726 3,702 2,874 1,089 3,175 1,227 193 Jan. 11, 2007 1
Government of India : Treasury Bills Outstanding (Face Value)
(Rs. crore) Holders January 26, 2007 Variation in Total Treasury Bills Treasury Bills of Different Maturities       14 Day (Intermediate) 91 Day (Auction) 182 Day (Auction) 364 Day (Auction) Total (2+3+4+5) Over the Week Over End  March 1 2 3 4 5 6 7 8 Reserve Bank of India — — — — — — — Banks — 12,734 11,101 30,385 54,221 –3,523 3,504 State Governments 39,245 15,343 4,693 6,280 65,561 –766 13,694 Others 132 2,860 3,759 12,239 18,989 1,335 11,347
5. Accommodation Provided by Scheduled Commercial Banks to Commercial Sector in the form of Bank Credit and Investments in Shares/Debentures/Bonds/Commercial Paper etc.
(Rs. crore) 1999-20001998-99 OutstandingVariationsOutstandingVariations as on(3) - (2)as on(6) - (5) Item19991999 19981998 Mar. 26Jul. 16 Mar. 27Jul. 17 1 2345671.Bank Credit3,66,0033,72,7156,7113,24,0793,23,396-683 (1.8) (-0.2) A.Food Credit16,81622,6975,88112,48517,7015,216 B.Non-Food Credit3,49,1873,50,0188313,11,5943,05,695-5,899 (0.2) (-1.9) 2.Investments £48,27151,280 @@3,00931,57935,404+3,824 A.Commercial Paper3,9375,9141,9772,0273,7111,684 B.Bonds/Debentures/P
Cumulative Cash Balances of Scheduled Commercial Banks with Reserve Bank of India
(Rs. crore) Fortnight Ended Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Jan. 19, Jan. 6 Jan. 7 Jan. 8 Jan. 9 Jan. 10 Jan. 11 Jan. 12 Jan. 13 Jan. 14 Jan. 15 Jan. 16 Jan. 17 Jan. 18 Jan. 19 2007 1,30,921 2,61,843 4,11,536 5,60,109 7,05,994 8,51,687 9,97,895 11,43,705 12,89,515 14,31,067 15,72,856 17,11,216 18,47,678 19,86,200 Feb. 2, Jan. 20 Jan. 21 Jan. 22 Jan. 23 Jan. 24 Jan. 25 Jan. 26 Jan. 27 Jan. 28 Jan. 29 Jan. 30 Jan. 31 Feb. 1 Feb. 2 2007 1,40,896 2,81,793 4,23,41
6. Foreign Exchange Rates - Spot and Forward Premia
Foreign 1998 1999 1998 1999 Currency Jul. 24Jul. 19Jul. 20Jul. 21Jul. 22Jul. 23Jul. 24Jul. 19Jul. 20Jul. 21Jul. 22Jul. 231234567891011121314 RBI's Reference Rate (Rs. per U.S. Dollar) Foreign Currency per Rs. 100@ 42.530043.220043.200043.260043.260043.2600 (Based on Middle Rates) FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.{ Buying42.520043.215043.190043.250043.250043.25502.35132.31272.31482.31162.31162.3116DollarSelling42.540043.225043.200043.260043.260043.
Government of India : Treasury Bills Outstanding (Face Value)
(Rs. crore)   February 2, 2007 Variation in Total Treasury Bills Holders Treasury Bills of Different Maturities      14 Day 91 Day 182 Day 364 Day Total Over the Over End   (Intermediate) (Auction) (Auction) (Auction) (2+3+4+5) Week March 1 2 3 4 5 6 7 8 Reserve Bank of India — — — — — — — Banks — 13,217 10,894 30,242 54,352 131 3,636 State Governments 53,616 13,443 4,693 6,280 78,032 12,471 26,166 Others 120 2,995 4,526 12,382 20,023 1,0
7. Money Stock : Components and Sources
(Rs. crore) Outstanding Variation over as on Item Financial year so far 1999Fortnight1998-991999-2000Year Mar. 31#July 2#Amount%Amount%Amount%Amount% 1234567891011M3 9,66,149*10,13,9793,221*0.336,796*4.547,829*5.01,56,899*18.3 Components (i+ii+iii+iv) (i)Currency with the Public1,70,1191,82,174-2,968-1.610,1246.912,0557.126,04616.7(ii)Demand deposits with banks1,30,2671,27,5672,6932.2-3,070-2.6-2,700-2.112,70011.1(iii)Time deposits with banks6,61,9526,98,892@3,2730.52
Foreign Exchange Reserves
(Rs. crore) Item As on Feb. 9, 2007 Variation over Week End-March 2006 End-December 2006 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 8,15,527 1,85,078 21,297 5,031 1,39,140 33,456 31,545 7,827 1,94,775 44,649 (a) Foreign Currency Assets 7,84,638 1,78,084 21,689 5,119 * 1,37,311 32,976 31,900 7,897 1,92,264 44,093 (b) Gold 28,840 6,529 — — 3,166 774 16 12 3,810 849 (c) SDRs 8 2 –3
Foreign Exchange Rates - Spot and Forward Premia
Foreign Currency 2007 Annual appreciation (+) / depreciation (-) (per cent) Feb. 5 Feb. 6 Feb. 7 Feb. 8 Feb. 9 Feb. 5 Feb. 6 Feb. 7 Feb. 8 Feb. 9 1 2 3 4 5 6 7 8 9 10 11 RBI's Reference Rate (Rs. per Foreign Currency) U.S.Dollar 44.1100 44.1300 44.0900 44.1200 44.0600 — 0.16 0.41 0.18 — Euro     57.0400 56.9900 57.2100 57.4500 57.4600 — –6.77 –7.34 –7.82 — FEDAI Indicative Rates (Rs. per Foreign Currency) U.S.   { Buying 44.1000 44.1200 44.0800 44.1150
8. Reserve Money : Components and Sources
(Rs. crore) OutstandingVariation over as on Item Financial year so far 1999Week1998-991999-2000Year Mar. 31#Jul. 16#Amount%Amount%Amount%Amount% 1234567891011Reserve Money2,59,2202,64,538-3,855-1.41,3440.65,3172.136,79216.2 Components (i+ii+iii) (i)Currency in circulation1,75,7051,89,251-1,714-0.910,1086.713,5467.728,08717.4 of which : cash with banks5,5864,264 * (ii)Bankers' deposits with RBI79,70370,402-2,095-2.9-9,719-13.5-9,302-11.78,31513.4 (iii)"Other" deposits
Auctions of Government of India Treasury Bills
(Rs. crore) Date of Auction Date of Issue Notified Amount Bids Received Bids Accepted Devol- vement on RBI Total Issue (8+9+10) Weigh- ted Average Price Implicit Yield at Cut-off Price (per cent) Amount Outstanding as on the Date of Issue (Face Value) Number Total Face Value Number Total Face Value Com- petitive Non- Com- petitive Com- petitive Non- Com- petitive 1 2 3 4 5 6 7 8 9 10 11 12 13 14 91-Day Treasury Bills 2006-2007 Jul. 5 Jul. 7 2,000 56 3,516 — 31 2,000 —
Cumulative Cash Balances of Scheduled Commercial Banks with Reserve Bank of India
(Rs. crore) Fortnight Ended Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Feb. 2, Jan. 20 Jan. 21 Jan. 22 Jan. 23 Jan. 24 Jan. 25 Jan. 26 Jan. 27 Jan. 28 Jan. 29 Jan. 30 Jan. 31 Feb. 1 Feb. 2 2007 1,40,896 2,81,793 4,23,410 5,74,850 7,20,903 8,72,888 10,24,631 11,75,437 13,26,242 14,66,434 16,06,638 17,52,430 18,99,214 20,42,612 Feb. 16, Feb. 3 Feb. 4 Feb. 5 Feb. 6 Feb. 7 Feb. 8 Feb. 9 Feb. 10 Feb. 11 Feb. 12 Feb. 13 Feb. 14 Feb. 15 Feb. 16 2007 1,45,176 2,90,352 4,41,220
Commercial Paper Issued by Companies (At face value)
(Rs. crore) Fortnight ended Total Amount  Outstanding Reported during  the fortnight Rate of Interest (per cent)@ 1   2 3 4 Jan. 15, 2006 17,415 844 6.50 — 7.75 Apr. 15, 2006 12,968 1,423 6.77 — 8.95 Jul. 15, 2006 21,237 3,389 6.25 — 8.30 Oct. 15, 2006 23,361 1,733 7.20 — 8.65 Dec. 31, 2006 23,336 1,165 7.74 — 10.00 Jan. 15, 2007 23,663 1,255 8.30 — 9.58 @: Typical effective discount rate range per annum on issues during the fortnight.
Index Numbers of Wholesale Prices
Items / Week ended Weight 2006 2007 Percentage Variation over Jan. 28 Dec. 2* Jan. 27# Week Month End March Year 1   2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 195.9 208.2 208.8 0.1 0.3 5.9 6.6 Primary Articles 22.02 194.3 212.1 215.0 0.6 1.2 11.2 10.7 (i) Fruits and Vegetables 2.92 204.7 232.8 230.9 0.6 1.1 17.1 12.8 Fuel, Power, Light and Lubricants 14.23 310.7 322.4 322.1 — 0.1 1.8 3.7 Manufactured Products 63.75 170.8 181.3 181.4 — 0.1 5.5 6.2 (i) Sugar, Khandsar
Turnover in Foreign Exchange Market
(US $ Million) Position Date Merchant Inter-bank FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel- lation Spot Forward Forward Cancel- lation Spot Swap Forward Spot Swap Forward 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Jan. 22, 2007 1,169 425 386 373 239 471 2,254 2,885 309 2,053 1,098 102 Jan. 23, 2007 1,306 537 285 512 410 591 2,996 2,630 209 2,928 1,007 92 Jan. 24, 2007 1,617 356 141 815 585 778 2,166 2,076 317 3,669 1,363 62 Jan. 25, 2007 1,392 5
9. Auctions of 14-Day Government of India Treasury Bills
(Rs. crore)Date ofDate ofNotifiedCompetitiveDevolvementNon-Compe-TotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountBidson PDs andtitive BidsIssueAverageat Cut-offding as on the AcceptedRBI*Accepted(4+5+6)PricePriceDate of Issue (Face Value)(Face Value)(Face Value)(Face Value) (per cent)(Face Value) 1 2345678910Oct.9, '98Oct.10, '98500500——50099.678.8702900 Jan.1, '99Jan.2, '99100100——10099.659.1320200 Apr.1, '99Apr.3, '99100100——10099.707.8235200 Jul.2, '99J
Government of India : Treasury Bills Outstanding (Face Value)
(Rs. crore) Holders February 9, 2007 Variation in Total Treasury Bills Treasury Bills of Different Maturities Total (2+3+4+5) Over the Week Over End March 14 Day (Intermediate) 91 Day (Auction) 182 Day (Auction) 364 Day (Auction) 1 2 3 4 5 6 7 8 Reserve Bank of India — — — — — — — Banks — 14,443 11,443 30,341 56,227 1,875 5,511 State Governments 44,519 15,243 4,693 6,280 70,735 –7,297 18,869 Others 170 2,779 3,977 12,283 19,209 –814 11,567
Cash Reserve Ratio and Interest Rates
(per cent per annum) Item / week ended 2006 2007   Feb. 10 Jan. 5 Jan. 12 Jan. 19 Jan. 26 Feb. 2 Feb. 9 1 2 3 4 5 6 7 8 Cash Reserve Ratio (per cent)(1) 5.00 5.25 5.50 5.50 5.50 5.50 5.50 Bank Rate 6.00 6.00 6.00 6.00 6.00 6.00 6.00 I.D.B.I.(2) 10.25 10.25 10.25 10.25 10.25 10.25 10.25 Prime Lending Rate(3) 10.25-10.75 11.50-12.00 11.50-12.00 11.50-12.00 11.50-12.00 11.50-12.00 11.50-12.00 Deposit Rate(4) 5.75-6.50 7.00-8.00 7.00-8.00 7.25-8.50 7.50-8.50 7.50-8.5
10. Auctions of 91-Day Government of India Treasury Bills
(Rs. crore)Date ofDate ofNotifiedCompetitiveDevolvementNon-Compe-TotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountBidson PDs andtitive BidsIssueAverageat Cut-offding as on the AcceptedRBI*Accepted(4+5+6)PricePriceDate of Issue (Face Value)(Face Value)(Face Value)(Face Value) (per cent)(Face Value) 1 2345678910Oct.9, '98Oct.10, '985003821184054097.579.96216,151Jan.1, '99Jan.2, '99100100——10097.679.54235,670Apr.1, '99Apr.3, '99100100—2012097.868.74721,520Jul.
Repo/Reverse Repo Auctions under Liquidity Adjustment Facility
(Rs. crore)     Repo REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/   LAF   period Bids Received Bids Accepted Cut-Off Bids Received   Bids Accepted Cut-Off absorption(-) of Outstanding Date   (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (6-11) Amount @ 1   2 3 4 5 6 7 8 9   10 11 12 13 14 Feb. 12, 2007 1 — — — — — 1 20   1 20 6.00 –20     $ 1 — — — — — 6
11. Auctions of 182-Day Government of India Treasury Bills
(Rs. crore)Date ofDate ofNotifiedCompetitiveDevolvementNon-Compe-TotalWeightedImplicit YieldAmount Outstan-AuctionIssueAmountBidsontitive BidsIssueAverageat Cut-offding as on the AcceptedRBIAccepted(4+5+6)PricePriceDate of Issue (Face Value)(Face Value)(Face Value)(Face Value) (per cent)(Face Value) 1 2345678910May26, '99May27, '99100100——10095.389.7096100Jun.9, '99Jun.10, '99100100——10095.369.7315200Jun.23, '99Jun.24, '99100100——10095.309.9738300Jul.7, '99Jul.8, '991
Turnover in Foreign Exchange Market
(US $ Million)     Merchant Inter-bank Position Date FCY / INR FCY / FCY FCY / INR FCY / FCY     Spot Forward Forward Cancel- lation Spot Forward Forward Cancel- lation Spot Swap Forward Spot Swap Forward 1   2 3 4 5 6 7 8 9 10 11 12 13 Purchases Jan. 29, 2007 1,988 372 393 401 621 944 2,133 2,663 349 3,769 1,571 192 Jan. 30, 2007 1 1 — — — — 1 — — 1 — — Jan. 31, 2007 2,118 1,041 853 917 700 610 2,607 3,805 965 4,855 1,696 152 Feb. 1, 2007 118
Government of India : Treasury Bills Outstanding (Face Value)
(Rs. crore)   February 16, 2007 Variation in Total Treasury Bills Holders Treasury Bills of Different Maturities         14 Day 91 Day 182 Day 364 Day Total Over the Over End   (Intermediate) (Auction) (Auction) (Auction) (2+3+4+5) Week March 1 2 3 4 5 6 7 8 Reserve Bank of India — — — — — — — Banks — 10,859 8,364 26,835 46,058 –10,169 –4,658 State Governments 45,026 12,943 4,693 6,130 68,792 –1,943 16,926 Others 150 5,738 7,056 14,697 27
Foreign Exchange Reserves
(Rs. crore    Variation over Item As on Feb. 23, 2007WeekEnd-March 2006End-December 2006Year  Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn.Rs. CroreUS$ Mn. 1234567891011 Total Reserves8,55,0801,93,12422,1174,2121,78,69341,50271,09815,8732,25,93451,534 (a) Foreign Currency Assets8,24,1741,86,12822,1134,213 *1,76,84741,02071,43615,9412,23,41250,973 (b) Gold28,8406,529——3,16677416123,810849 (c) SDRs82——–4–141–4–1 (d) Reserve Positio

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