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No. 14 : Call Money Rates of Major Commercial Banks - (Mumbai)



                                 (Turnover in Rs. thousand crore)
                                 (Rates per cent per annum)
_____________________________________________________________________
      Year/              Annual/              Call Money Rate
      Month/            Monthly/  -----------------------------------
    Week ended            Weekly     Weighted       High         Low
      Friday         Turnover(2)   average(1)
_____________________________________________________________________
        1                2                 3           4           5
_____________________________________________________________________
1991 - 92               1,644.79       19.57       40.28        8.57

1993 - 94               2,251.36        6.99       23.64        2.96

1994 - 95               1,703.18        9.40       26.51        2.93

1995 - 96               2,098.09       17.73       41.62        7.64

1996 - 97               1,545.16        7.84       14.56        1.05

July,1996                  123.85       3.59       11.50        0.01
Aug. 1996                  108.12       6.07       10.48        2.82
Sep. 1996                  107.69        8.36       10.56        5.81
Oct. 1996                  125.43        9.58      10.70        8.90
Nov. 1996                  148.98        6.26       10.35        3.23
Dec. 1996                   96.26        8.07       11.03        1.05
Jan. 1997                  136.44        4.84       10.52        2.16
Feb. 1997                   91.84        5.08       5.90         4.36
July,1997                   10.77       3.77        8.90        0.25

Week Ended
-----------
July  4,1997                24.54       5.44        8.90        0.25
July 11,1997               33.77        3.72        8.00        0.75
July 18,1997               21.41        1.48        6.00        0.50
July 25,1997               27.99        4.12        6.50        1.50

-------------------------------------------------------------------------
                                 Source: Selected Commercial Banks & DFHI

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