4. Cash Reserve Ratio and Interest Rates - RBI - Reserve Bank of India
4. Cash Reserve Ratio and Interest Rates
(per cent per annum) |
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2003 |
2004 |
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Item / week ended |
Jan. 24 |
Dec. 19 |
Dec. 26 |
Jan. 2 |
Jan. 9 |
Jan. 16 |
Jan. 23 |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
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Cash Reserve Ratio (per cent)(1) |
4.75 |
4.50 |
4.50 |
4.50 |
4.50 |
4.50 |
4.50 |
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Bank Rate |
6.25 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
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I.D.B.I.(2) |
12.50 |
12.50 |
12.50 |
12.50 |
12.50 |
12.50 |
12.50 |
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Prime Lending Rate(3) |
10.75-11.50 |
10.50-11.00 |
10.50-11.00 |
10.25-11.00 |
10.25-11.00 |
10.25-11.00 |
10.25-11.00 |
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Deposit Rate(4) |
5.50-6.25 |
5.00-5.75 |
5.00-5.75 |
5.00-5.75 |
5.00-6.00 |
5.00-5.50 |
5.00-5.50 |
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Call Money Rate (Low / High)(5) |
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- Borrowings |
3.50/6.75 |
3.00/4.97 |
3.00/4.60 |
2.00/4.60 |
3.00/6.50 |
3.50/4.50 |
3.49/4.70 |
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- Lendings |
3.50/6.75 |
3.00/4.75 |
3.00/4.60 |
2.00/4.60 |
3.00/6.50 |
3.50/4.60 |
3.60/4.70 |
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(1) Cash Reserve Ratio relates to Scheduled Commercial Banks (excluding Regional Rural Banks). (2) |
Minimum Term Lending Rate (MTLR). |
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(3) Prime Lending Rate relates to five major Banks. (4) Deposit Rate relates to major Banks for term deposits of more than one year maturity. |
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(5) Data cover 90-95 per cent of total transactions reported by participants. |