4. Interest Rates

RbiAnnouncementWeb

Date: December 12, 1998

				(Per cent per annum)

	1997	1998
Item / week ended	Nov. 28	Oct. 30	Nov. 6		Nov. 13	Nov. 20	Nov. 27

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	12.5-13.0	12.75-13.0	12.75-13.0		12.75-13.0	12.75-13.0	12.75-13.0
Deposit Rate³	9.0-11.5	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	0.75/7.00	8.40/9.50	5.00/8.80		7.85/8.35	5.50/9.15	7.10/9.00
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.