4. Interest Rates

RbiAnnouncementWeb

Date: May 15, 1999


(Per cent per annum)

		1998	1999

Item / week ended		May 1	Apr. 2	Apr. 9	Apr. 16	Apr. 23	Apr. 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		13.00-14.00	12.00-12.50	12.00-12.50	12.00-12.50	12.00-12.50	12.00-12.50
Deposit Rate³		10.00-12.00	9.00-11.00	8.00-10.50	8.00-10.50	8.00-10.50	8.00-10.50
Call Money Rate (Low / High)⁴		4.00/8.00	7.00/14.00	0.25/8.60	6.50/8.30	6.50/8.95	7.90/9.50

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.