4. Interest Rates

RbiAnnouncementWeb

Date: August 14, 1999


(Per cent per annum)

	1998	1999

Item / week ended	Jul. 31	Jul. 2	Jul. 9	Jul. 16	Jul. 23	Jul. 30

1	2	3	4	5	6	7

Bank Rate	9.00	8.00	8.00	8.00	8.00	8.00
I.D.B.I.¹	14.00	13.50	13.50	13.50	13.50	13.50
Prime Lending Rate²	12.75-13.00	12.00	12.00	12.00	12.00	12.00
Deposit Rate³	10.00-12.00	8.00-10.50	8.00-10.50	8.00-10.50	8.00-11.00	8.00-11.00
Call Money Rate (Low / High)⁴	1.25/7.50	7.35/8.40	8.00/8.90	8.00/9.25	7.90 / 9.50	7.00/8.15

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.