(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        

(Rs. crore) Fortnight Ended Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Dec. 22, Dec. 9 Dec. 10 Dec. 11 Dec. 12 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 17 Dec. 18 Dec. 19 Dec. 20 Dec. 21 Dec. 22 2006 1,26,213 2,52,426 3,78,000 5,05,687 6,42,705 7,81,137 9,19,509 10,55,399 11,91,289 13,11,948 14,29,661 15,50,795 16,70,180 17,95,806 Jan. 5, Dec. 23 Dec. 24 Dec. 25 Dec. 26 Dec. 27 Dec. 28 Dec. 29 Dec. 30 Dec. 31 Jan. 1 Jan. 2 Jan. 3 Jan. 4 Jan. 5 2007 1,28,982 2,57,964 3,86,94

(Rs. crore) Fortnight ended Total Amount Outstanding # Issued during the fortnight # Rate of Interest (per cent)@ 1 2 3 4 Jan. 6, 2006 34,432 2,556 4.40 — 7.75 Apr. 14, 2006 38,568 2,005 6.00 — 8.90 Jul. 7, 2006 57,256 4,647 6.00 — 8.70 Oct. 13, 2006 64,482 2,513 4.75 — 8.50 Nov. 24, 2006 68,911 4,107 7.50 — 8.33 Dec. 8, 2006 69,664 4,181 6.00 — 8.36 @ : Effective interest rate range per annum.

(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. 15, 2006 23,712 1,915 7.50 — 8.75 Dec. 31, 2006 23,336 1,165 7.74 — 10.00 @ : Typical effective discount rate range per annum on issues during the fortnight.

Items / Week ended Weight 2005 2006 Percentage Variation over Dec. 24 Oct. 28* Dec. 23# Week Month End March Year 1   2 3 4 5 6 7 8 9 ALL COMMODITIES 100.00 197.2 208.9 208.0 0.1 –0.3 5.5 5.5 Primary Articles 22.02 195.3 213.6 212.4 0.3 — 9.9 8.8 (i) Fruits and Vegetables 2.92 212.3 249.4 228.3 –0.2 –4.0 15.8 7.5 Fuel, Power, Light and Lubricants 14.23 311.1 328.7 321.6 –0.3 –2.2 1.7 3.4 Manufactured Products 63.75 172.5 180.6 181.2 0.2 0.4 5.4 5.0 (i) Sugar, Kha

(Rs. crore)HoldersJuly 16, 1999Variation in Total Treasury Bills Treasury Bills of Different MaturitiesTotalOver theOver End 14 Day14 Day91 Day182 Day364 Day(2+3+4+WeekMarch (Auction)(Intermediate)(Auction)(Auction)(Auction)5+6) 123456789Reserve Bank of India——310—1,2901,600149786 Banks93—4901749,37810,135-2101,535 State Governments8002,3282,075——5,203-734-1,401 Others1073716002262,6323,937303-18

  2006 2007 Jan. 5 Jan. 1+ Jan. 2 Jan. 3 Jan. 4 Jan. 5 1 2 3 4 5 6 7 BSE SENSEX (1978-79=100) 9617.74   13942.24 14014.92 13871.71 13860.52 S & P CNX NIFTY (3.11.1995=1000) 2899.85   4007.40 4024.05 3988.80 3983.40 + : Market closed.

(Rs. crore)   Week Ended Nov. 24, 2006 Dec. 1, 2006 Dec. 8, 2006 Dec. 15, 2006 Dec. 22, 2006 Dec. 29, 2006 Jan. 5, 2007 1 2 3 4 5 6 7 8 1. Banks   (a) Borrowings 7,982 11,336 10,311 12,054 10,369 11,361 9,003   (b) Lendings 9,744 13,594 11,576 13,995 11,867 12,099 10,290 2. Primary Dealers   (a) Borrowings 2,026 2,598 1,766 2,041 1,680 962 1,392   (b) Lendings 264 340 501 101 182 224 106 3. Total   (a) Borrowings 10,008 13,934 12,077 14,0

(Rs. crore) Items Week Ended Dec. 1, 2006 Dec. 8, 2006 Dec. 15, 2006 Dec. 22, 2006 Dec. 29, 2006 Jan. 5, 2007 1 2 3 4 5 6 7 I. Outright Transactions   (a) Govt. of India Dated Securities 85,254 63,085 39,215 38,122 14,091 35,371   (b) State Government Securities 712 685 405 933 339 521   (c) 91 – Day Treasury Bills 369 1,744 829 2,012 764 2,077   (d) 182 – Day Treasury Bills 199 1,278 950 331 171 430   (e) 364 – Day Treasury Bills 2,327 4,155

(US $ Million) Position Date Merchant Inter-bank FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel- lation Spot Forward Cancel- lation Forward Spot Swap Forward Spot Swap Forward 1 2 3 4 5 6 7 8 9 10 11 12 13 Purchases Dec. 18,2006 1,301 349 368 380 542 680 1,781 2,600 172 2,977 928 174 Dec. 19, 2006 1,664 549 272 681 448 478 2,573 2,743 216 2,771 1,230 34 Dec. 20, 2006 1,293 398 356 337 637 885 2,440 2,962 205 2,979 1,322 184 Dec. 21, 2006 1,214 324