4. Interest Rates

RbiAnnouncementWeb

Date: March 27, 1999


(Per cent per annum)

	1998			1999

Item / week ended	Mar. 13	Feb. 12	Feb. 19	Feb. 26	Mar. 5	Mar. 12

1	2	3	4	5	6	7

Bank Rate	11.00	9.00	9.00	9.00	8.00	8.00
I.D.B.I.¹	14.50	14.00	14.00	14.00	14.00	14.00
Prime Lending Rate²	14.00	12.75-13.00	12.75-13.00	12.75-13.00	12.00-13.00	12.00-13.00
Deposit Rate³	10.50-12.00	9.00-11.50	9.00-11.50	9.00-11.50	9.00-11.50	9.00-11.50
Call Money Rate (Low / High)⁴	7.50/10.25	7.00/ 9.60	8.75/9.50	7.15/9.75	7.50 / 9.35	7.00 / 8.50

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.