In rupee terms, IMD's corpus is pegged at over Rs 25,700 crore. The bank has been able to mobilise this huge amount from 72,000-73,000 applications from all over the world, except the United States.

However, sources pointed out that the bank is yet to get the country-wide break-up for its mobilisation programme. At present, the registration process for the IMD investors in each country is going on after which the country-wise break-up can be known. Going by the statement of SBI chairman Janki Ballabh, 60 per cent of the IMD's proceeds will be brought into Indian market within a month. The amount is calculated at over Rs 15,000 crore.

Analysts point out that the infusion of such a huge money should have a tremendous impact on the money market in terms of securities prices.

However, the expectation regarding the impact of IMD proceeds on the rupee has evaded earlier prediction that the rupee would stabilise or appreciate marginally for the time being. On Monday, the rupee closed at 46.75, while the government securities dipped by 10 paisa after results of the RBI's auction of 11.03 per cent 2012 for Rs 4,000 crore came through. Meanwhile, Citibank has collected over $700 million, while the HSBC's mobilising amount is pegged at around $ 600 million through the SBI's IMD programme.

Previously, SBI's Resurgent India Bond had collected around $4.23 billion within 20 days in 1997. Finance Minister Yashwant Sinha had said earlier that the mobilisation through the IMD programme would also help the country to meet the increased external obligations on account of rise in oil prices.

The IMD interest rate was 1.75 per cent higher than the current six-month Libor. SBI had offered an interest rate of 7.5 per cent per annum and 6.5 per cent per annum for pound-sterling and euro-deposits respectively.