Research and Publications

(Rs. crore)   RepoREPO (INJECTION) REVERSE REPO (ABSORPTION)Net injection(+)/  LAF periodBids ReceivedBids AcceptedCut-OffBids ReceivedBids AcceptedCut-Offabsorption(-) ofOutstanding Date (Day(s))NumberAmountNumberAmountRate(%)NumberAmountNumberAmountRate(%)liquidity (6-11)Amount @ 1 23456789 1011121314 Feb.19, 20071144,435144,4357.50230 2306.004,405   $1114,360114,3607.50355 3556.004,305–8,710 Feb.20, 2007171,530

(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

(Rs. crore) LAF Date Repo period (Day(s)) REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/ absorption (-) of liquidity (6-11) Outstanding Amount @ Bids Received Bids Accepted Cut-Off Rate(%) Bids Received Bids Accepted Cut-Off Rate(%) Number Amount Number Amount Number Amount Number Amount 1 2 3 4 5 6 7 8 9   10 11 12 13 14 Feb.   5, 2007 1 12 8,105 12 8,105 7.50 2 40   2 40 6.00 8,065       $ 1 7 2,350 7 2,350 7.50 4 60  

(Rs. crore)       REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/   LAF   Repo period Bids Received Bids Accepted   Bids Received   Bids Accepted   absorption(-) of Outstanding Date   (Day(s)) Number Amount Number Amount Cut-Off Rate(%) Number Amount Number Amount Cut-Off Rate(%) liquidity (6-11) Amount @ 1   2 3 4 5 6 7 8 9   10 11 12 13 14 Jan. 29, 2007 2 11 2,895 11 2,895 7.25 1 35   1 35 6.00

(Rs. crore)       REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/   LAF   Repo period Bids Received Bids Accepted   Bids Received   Bids Accepted   absorption(-) of Outstanding Date   (Day(s)) Number Amount Number Amount Cut-Off Rate(%) Number Amount Number Amount Cut-Off Rate(%) liquidity (6-11) Amount @ 1   2 3 4 5 6 7 8 9   10 11 12 13 14 Jan. 22, 2007 1 14 5,465 14 5,465 7.25 2 150   2 150 6.

(Rs. crore) LAF Date Repo period (Day(s)) REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/ absorption (-) of Liquidity (6-11) Outstanding Amount @ Bids Received Bids Accepted Cut-Off Rate(%) Bids Received Bids Accepted Cut-Off Rate(%) Number Amount Number Amount Number Amount Number Amount 1 2 3 4 5 6 7 8 9   10 11 12 13 14 Jan. 15, 2007 1 18 7,785 18 7,785 7.25 1 50   1 50 6.00 7,735     $ 1 21 8,740 21 8,740 7.25 4 95   4 95 6.00

(Rs. crore)       Repo period REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/ Absorption (-) of Liquidity  (6-11) Outstanding Amount @ LAF     Bids Received Bids Accepted Cut-Off Rate(%) Bids Received   Bids Accepted Cut-Off Rate(%) Date   (Day(s)) Number Amount Number Amount Number Amount Number Amount 1     2 3 4 5 6 7 8 9   10 11 12 13 14 Jan.   8, 2007 1 17 6,080 17 6,080 7.25 — —   — —

(Rs. crore) LAF Date Repo period (Day(s)) REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/   Bids Received Bids Accepted Cut-Off Rate(%) Bids Received Bids Accepted Cut-Off Rate(%) Absorption (-) of liquidity  (6-11) Outstanding Amount @ Number Amount Number Amount   Number Amount Number Amount       1 2 3 4 5 6 7 8 9 10 11 12 13 14 Jan. 2, 2007 1 38 17,040 38 17,040 7.25 — — — — — 17,040   $ 1 3 905 3 905 7.25 21 11,365

(Rs. crore) LAF Date   REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/absorption (-) of liquidity (6-11) Outstanding Amount @ Repoperiod (Day(s)) Bids Received Bids Accepted Cut-Off Bids Received   Bids Accepted Cut-Off Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) 1 2 3 4 5 6 7 8 9   10 11 12 13 14 Dec.   26, 2006 1 39 23,245 39 23,245 7.25 — —   — — — 23,245       $ 1 17 5,035 17 5,035 7.

(Rs. crore)         REPO (INJECTION) REVERSE REPO (ABSORPTION) Net injection(+)/ Outstanding Amount @ LAF     Repo period Bids Received Bids Accepted Cut-Off Bids Received   Bids Accepted Cut-Off absorption (-) of   Date     (Day(s)) Number Amount Number Amount Rate(%) Number Amount   Number Amount Rate(%) liquidity (6-11)   1     2 3 4 5 6 7 8 9   10 11 12 13 14 Dec.18, 2006 1 11 3,870 11 3,87