4. Interest Rates

RbiAnnouncementWeb

Date: July 17, 1999


(Per cent per annum)

	1998			1999

Item / week ended	Jul. 3	Jun. 4	Jun. 11	Jun. 18	Jun. 25	Jul. 2

1	2	3	4	5	6	7

Bank Rate	9.00	8.00	8.00	8.00	8.00	8.00
I.D.B.I.¹	14.00	13.50	13.50	13.50	13.50	13.50
Prime Lending Rate²	12.75-13.00	12.00-12.50	12.00-12.50	12.00-12.50	12.00	12.00
Deposit Rate³	9.00-12.00	8.00-10.50	8.00-10.50	8.00-10.50	8.00-10.50	8.00-10.50
Call Money Rate (Low / High)⁴	0.50/8.85	6.75/ 9.15	7.85/8.75	7.00/9.00	8.00/9.00	7.35/8.40

1. Medium Term Lending Rate (MTLR).
2. Prime Lending Rate relates to five major banks.
3. Deposit Rate relates to five major banks for term deposits of more than one year maturity.
4. Inter-Bank Call Money Rates as reported by DFHI.