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11.2 : Cash Reserve Ratio and Interest Rates : 2003-04

 

(in per cent)

Items

April

May

June

July

August

September

October

November

December

January

February

March

2003

2003

2003

2003

2003

2003

2003

2003

2003

2004

2004

2004

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

a. Cash Reserve Ratio 

4.75

4.75

4.5

4.5

4.5

4.5

4.5

4.5

4.5

4.5

4.5

4.5

    (per cent) (1)

b. Bank Rate

6.25

6

6

6

6

6

6

6

6

6

6

6

c. Prime Lending Rate (2)

10.75-11.50

10.50-11.50

10.50-11.50

10.50-11.50

10.50-11.50

10.50-
11.50

10.50-11.50

10.50-11.50

10.25-11.00

10.25-11.00

10.25-11.00

10.25-
11.00

d. Deposit Rate (3)

5.25-
6.25

5.25-
6.00

5.00-
6.00

5.00-
6.00

5.00-
6.00

4.75-
6.00

5.00-
6.00

5.00-
6.00

5.00-
5.75

5.00-
5.50

5.00-
5.50

5.00-
5.50

e. Call Money Rate (4)

   - Borrowings

       (i) High

5.15

5.25

5.15

5.1

5.1

5.1

7

4.6

4.6

4.5

4.6

3

       (ii) Low

2

2

2

3.75

3.45

3.5

1

3

2

3

3.5

4.5

   - Lendings

       (i) High

5.1

5.25

5.15

5.25

5.1

5.1

7

4.75

4.6

4.6

4.75

3

       (ii) Low

2

2

2

3.9

3.45

3

1

3

2

3

3.5

4.5

Notes

      1. : As applicable to Scheduled Commercial Banks (excluding Regional Rural Banks) as on last Friday of Month.

      2. : Prime Lending Rate (PLR) relates to five major banks.

      3. : Deposit rate relates to major banks for term deposits of more than one year maturity.

      4. : Data cover 90-95 per cent of total transactions reported by major participants. Based on highs/lows of the the weeks ending on Fridays of the month.

Source: Reserve Bank of India Bulletin / Weekly Statistical Supplement, various issues.

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