4. Interest Rates

RbiAnnouncementWeb

Date: November 14, 1998

				(Per cent per annum)

	1997	1998
Item / week ended	Oct. 31	Oct. 2	Oct. 9		Oct. 16	Oct. 23	Oct. 30

1	2	3	4		5	6	7

Bank Rate	9.00	9.00	9.00		9.00	9.00	9.00
I.D.B.I.¹	13.50	14.00	14.00		14.00	14.00	14.00
Prime Lending Rate²	13.50	12.75-13.0	12.75-13.0		12.75-13.0	12.75-13.0	12.75-13.0
Deposit Rate³	10.0-12.00	9.0-11.5	9.0-11.5		9.0-11.5	9.0-11.5	9.0-11.5
Call Money Rate (Low / High)⁴	2.00/8.75	7.25/9.50	4.00/8.30		8.10/9.75	4.00/9.50	8.40/9.50
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.