Research and Publications

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,207 1,896 5.57 — 7.50 Oct. 15, 2005 18,702 1,008 5.69 — 7.50 Jan. 15, 2006 17,415 844 6.50 — 7.75 Feb. 15, 2006 16,203 1,204 7.03 — 8.50 Feb. 28, 2006 15,876 1,956 7.22 — 8.75 @: Typical effective discount rate range

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,207 1,896 5.57 — 7.50 Oct. 15, 2005 18,702 1,008 5.69 — 7.50 Jan. 15, 2006 17,415 844 6.50 — 7.75 Jan. 31, 2006 16,321 1,093 6.65 — 8.50 Feb. 15, 2006 16,173 1,204 7.03 — 8.50 @: Typical effective discount rate range

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,207 1,896 5.57 — 7.50 Oct. 15, 2005 18,702 1,008 5.69 — 7.50 Jan. 15, 2006 17,415 844 6.50 — 7.75 Jan. 31, 2006 16,321 1,093 6.65 — 8.50 Feb. 15, 2006 16,173 1,204 7.03 — 8.50 @: Typical effective discount rate range

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,207 1,896 5.57 — 7.50 Oct. 15, 2005 18,702 1,008 5.69 — 7.50 Jan. 15, 2006 17,415 844 6.50 — 7.75 Jan. 31, 2006 16,321 1,093 6.65 — 8.50 Feb. 15, 2006 16,173 1,204 7.03 — 8.50 @: Typical effective discount rate range

        (Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Jan. 15, 2005 12,998 1,624 5.40 — 6.35 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,207 1,896 5.57 — 7.50 Oct. 15, 2005 18,702 1,008 5.69 — 7.50 Jan. 15, 2006 17,415 844 6.50 — 7.75 Jan. 31, 2006 16,321 1,093 6.65 — 8.50 @: Typical effective discount rate range per annum on issues during the for

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Jan. 15, 2005 12,998 1,624 5.40 — 6.35 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,207 1,896 5.57 — 7.50 Oct. 15, 2005 18,702 1,008 5.69 — 7.50 Jan. 15, 2006 17,415 844 6.50 — 7.75 Jan. 31, 2006 16,321 1,093 6.65 — 8.50 @: Typical effective discount rate range

      (Rs. crore) Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Jan. 15, 2005 12,998 1,624 5.40 — 6.35 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,207 1,896 5.57 — 7.50 Oct. 15, 2005 18,702 1,008 5.69 — 7.50 Jan. 15, 2006 17,415 844 6.50 — 7.75 Jan. 31, 2006 16,321 1,093 6.65 — 8.50 @: Typical effective discount rate range per annum on issues during the fortnight.

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Jan. 15, 2005 12,998 1,624 5.40 — 6.35 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,157 1,896 5.57 — 7.50 Oct. 15, 2005 18,562 1,008 5.69 — 7.50 Dec. 31, 2005 17,180 1,195 6.20 — 7.75 Jan. 15, 2006 17,225 844 6.50 — 7.75 @: Typical effective discount rate range

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Jan. 15, 2005 12,998 1,624 5.40 — 6.35 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,157 1,896 5.57 — 7.50 Oct. 15, 2005 18,562 1,008 5.69 — 7.50 Dec. 31, 2005 17,180 1,195 6.20 — 7.75 Jan. 15, 2006 17,225 844 6.50 — 7.75 @: Typical effective discount rate range

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Jan. 15, 2005 12,998 1,624 5.40 — 6.35 Apr. 15, 2005 15,214 1,964 5.55 — 6.33 Jul. 15, 2005 18,157 1,896 5.57 — 7.50 Oct. 15, 2005 18,562 1,008 5.69 — 7.50 Dec. 15, 2005 16,966 2,109 6.21 — 7.75 Dec. 31, 2005 17,180 1,195 6.20 — 7.75 @: Typical effective discount rate ran