4. Interest Rates

RbiAnnouncementWeb

Date: January 23, 1999


(Per cent per annum)

	1998		1998		1999

Item / week ended	Jan. 9	Dec. 11	Dec. 18	Dec. 25	Jan. 1	Jan. 8

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	8.00/9.75	7.90/ 8.20	5.60/ 9.00	8.60/9.50	5.50/10.00	8.50/9.50

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.