Research and Publications

REPO REVERSEREPO Net injection(+) Repo BidsReceivedBidsAccepted BidsReceivedBidsAccepted absorption(-) ofOutstanding LAF period Cut-Off Cut-Off Amount @ Date (Day(s))NumberAmountNumberAmountRate(%)NumberAmountNumberAmountRate(%)liquidity (11-6) 1 234567891011121314 Nov.12,0041—————133,010133,0104.75–3,0103,155 Nov.22,0041—————131,675131,6754.75–1,6751,720 Nov.32,0041—————451045104.75–510530 Nov.42,00411751756335033504.75–275275 Nov.52,0043164,040153,9406210521054.753,

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Oct. 25, 2004 1 10 4,245 10 4,245 4.50 — — — — — –4,245 7 2 400 2 400 4.50 — — — — — –400 5,955 Oct. 26, 2004 1 13 4,545 13 4,545 4.50 — — — — — –4,545 7 1 100 1 1

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Oct. 18, 2004 1 16 3,695 16 3,695 4.50 — — — — — –3,695 7 5 930 5 930 4.50 — — — — — –930 14 4 950 4 950 4.50 — — — — — –950 7,390 Oct. 19, 2004 1 12 3,095 12 3,09

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Oct. 11, 2004 1 27 7,645 27 7,645 4.50 — — — — — –7,645 7 5 560 5 560 4.50 — — — — — –560 12,030 Oct. 12, 2004 2 28 6,055 28 6,055 4.50 — — — — — –6,055 7 2 205 2

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Oct. 4,2004 1 31 12,865 31 12,865 4.50 — — — — — –12,865 7 8 2,350 8 2,350 4.50 — — — — — –2,350 14 3 1,525 3 1,525 4.50 — — — — — –1,525 20,640 Oct. 5,2004 1 25 9

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Sep. 27, 2004 1 36 12,875 36 12,875 4.50 — — — — — –12,875 7 7 2,625 7 2,625 4.50 — — — — — –2,625 20,510 Sep. 28, 2004 1 30 13,135 30 13,135 4.50 — — — — — –13,13

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Sep. 20, 2004 1 26 9,335 26 9,335 4.50 — — — — — –9,335 7 12 3,220 12 3,220 4.50 — — — — — –3,220 14 4 820 4 820 4.50 — — — — — –820 18,705 Sep. 21, 2004 1 14 4,88

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Sep. 13, 2004 1 44 21,230 44 21,230 4.50 — — — — — –21,230 7 13 5,135 13 5,135 4.50 — — — — — –5,135 37,385 Sep. 14, 2004 1 44 25,510 44 25,510 4.50 — — — — — –25,

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Sep. 6,2004 1 43 26,265 43 26,265 4.50 — — — — — –26,265 7 18 7,235 18 7,235 4.50 — — — — — –7,235 14 6 2,140 6 2,140 4.50 — — — — — –2,140 41,750 Sep. 7,2004 1 42

(Rs. crore) REPO REVERSE REPO Net injection(+) Repo Outstanding Bids Received Bids Accepted Bids Received Bids Accepted absorption(-) of LAF period Cut-Off Cut-Off Amount @ Date (Day(s)) Number Amount Number Amount Rate(%) Number Amount Number Amount Rate(%) liquidity (11-6) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Aug. 30, 2004 1 49 30,720 49 30,720 4.50 — — — — — –30,720 7 15 5,275 15 5,275 4.50 — — — — — –5,275 44,305 Aug. 31, 2004 1 51 34,490 51 34,490 4.50 — — — — — –34,