Research and Publications

        (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

        (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 Nov. 15, 2005 17,903 852 5.75 — 6.60 Dec. 15, 2005 16,966 2,109 6.21 — 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 Nov. 15, 2005 17,903 852 5.75 — 6.60 Dec. 15, 2005 16,871 2,099 6.21 — 7.75 @: Typical effective discount rate range per an

        (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 Nov. 15, 2005 17,903 852 5.75 — 6.60 Nov. 30, 2005 17,768 1,631 5.90 — 6.79 : @ Typical effective discount rate rang

        (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 Nov. 15, 2005 17,903 852 5.75 — 6.60 Nov. 30, 2005 17,768 1,631 5.90 — 6.79 @: 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 18,157 1,896 5.57 — 7.50 Oct. 15, 2005 18,562 1,008 5.69 — 7.50 Oct. 31, 2005 18,546 1,884 5.63 — 7.50 Nov. 15, 2005 17,903 852 5.75 — 6.60 @: 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 Oct. 15, 2004 10,712 542 4.95 — 7.25 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 Oct. 31, 2005 18,546 1,884 5.63 — 7.50 @: 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 Oct. 15, 2004 10,712 542 4.95 — 7.25 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 Oct. 31, 2005 18,546 1,884 5.63 — 7.50 @: Typical effective discount rate range

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Oct. 15, 2004 10,712 542 4.95 — 7.25 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 Oct. 31, 2005 18,546 1,884 5.63 — 7.50 @: Typical effective discount rate range

        (Rs. crore)           Fortnightended Total Amount Reportedduring Rate of Interest     Outstanding thefortnight (percent)@ 1   2 3 4 Oct. 15, 2004 10,712 542 4.95 — 7.25 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 Sep. 30, 2005 19,695 1,127 5.45 — 6.65 Oct. 15, 2005 18,562 1,008 5.69 — 7.50 @: Typical effective discount rate range