4. Cash Reserve Ratio and Interest Rates - RBI - Reserve Bank of India
4. Cash Reserve Ratio and Interest Rates
(per cent per annum) | ||||||||||
2003 | 2004 | |||||||||
Item / week ended | Jan. 24 | Dec. 19 | Dec. 26 | Jan. 2 | Jan. 9 | Jan. 16 | Jan. 23 | |||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |||
Cash Reserve Ratio (per cent)(1) | 4.75 | 4.50 | 4.50 | 4.50 | 4.50 | 4.50 | 4.50 | |||
Bank Rate | 6.25 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | |||
I.D.B.I.(2) | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | 12.50 | |||
Prime Lending Rate(3) | 10.75-11.50 | 10.50-11.00 | 10.50-11.00 | 10.25-11.00 | 10.25-11.00 | 10.25-11.00 | 10.25-11.00 | |||
Deposit Rate(4) | 5.50-6.25 | 5.00-5.75 | 5.00-5.75 | 5.00-5.75 | 5.00-6.00 | 5.00-5.50 | 5.00-5.50 | |||
Call Money Rate (Low / High)(5) | ||||||||||
- Borrowings | 3.50/6.75 | 3.00/4.97 | 3.00/4.60 | 2.00/4.60 | 3.00/6.50 | 3.50/4.50 | 3.49/4.70 | |||
- Lendings | 3.50/6.75 | 3.00/4.75 | 3.00/4.60 | 2.00/4.60 | 3.00/6.50 | 3.50/4.60 | 3.60/4.70 | |||
(1) Cash Reserve Ratio relates to Scheduled Commercial Banks (excluding Regional Rural Banks). (2) | Minimum Term Lending Rate (MTLR). | |||||||||
(3) Prime Lending Rate relates to five major Banks. (4) Deposit Rate relates to major Banks for term deposits of more than one year maturity. | ||||||||||
(5) Data cover 90-95 per cent of total transactions reported by participants. | ||||||||||
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