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02 Mar 2007

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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