4. Cash Reserve Ratio and Interest Rates

RbiAnnouncementWeb

Date: March 17, 2001


(per cent)

	2000				2001

Item / week ended	Mar. 3	Jan. 26	Feb. 2	Feb. 9		Feb. 16	Feb. 23	Mar. 2

1	2	3	4	5		6	7	8

Cash Reserve Ratio	9.00	8.50	8.50	8.50		8.50	8.50	8.25
Bank Rate	8.00	8.00	8.00	8.00		8.00	7.50	7.00
I.D.B.I.⁽¹⁾	13.50	13.00	13.00	13.00		13.00	13.00	13.00
Prime Lending Rate⁽²⁾	12.00-12.50	12.00-12.50	12.00-12.50	12.00-12.50	12.00-12.50		12.00-12.50	11.50-12.50
Deposit Rate⁽³⁾	8.00-10.50	8.50-10.00	8.50-10.00	8.50-10.00	8.50-10.00		8.50-10.00	8.50-10.00
Call Money Rate (Low / High)⁽⁴⁾
- Borrowings	4.50/11.30	7.80/10.50	7.30/10.30	7.00/9.80	7.80/10.10		5.50/10.00	6.50/9.00
- Lendings	4.50/14.00	8.00/11.30	8.80/11.10	7.90/10.50	7.80/10.30		5.50/10.10	6.90/9.10

(1) Minimum Term Lending Rate (MTLR). (2) Prime Lending Rate relates to five major Banks. (3) Deposit Rate relates to major Banks for term deposits of more than one year maturity. (4) The source of data prior to February 11, 2000 has been DFHI. The data from February 11, 2000 is not strictly comparable with that pertaining to earlier periods due to wider coverage of Call Market business. Data covers 75-80 per cent of total transactions reported by major participants.