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Table 15 : Bank Rate and Weighted Average Yields on Treasury Bills |
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(per cent per annum) |
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Auctions held on |
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1-Apr-99 |
8-Apr-99 |
15-Apr-99 |
22-Apr-99 |
30-Apr-99 |
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1. |
Weighted Yield on: |
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30-day |
12.29 |
12.29 |
12.29 |
12.41 |
12.29 |
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91-day |
12.66 |
12.66 |
12.70 |
12.70 |
12.70 |
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182-day |
12.73 |
12.76 |
12.76 |
12.76 |
12.76 |
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364-day |
12.97 |
12.99 |
12.99 |
12.99 |
13.00 |
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728-day |
13.10 |
13.10 |
13.10 |
13.10 |
13.10 |
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2. |
Overall Weighted Average Yield |
12.90 |
12.57 |
12.63 |
12.72 |
12.84 |
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3. |
Bank Rate* |
12.81 |
12.53 |
12.57 |
12.56 |
12.62 |
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* : Effective on the day following auction day, except for 30 April 1999 when Bank Rate became effective on 3 May 1999. |
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Bank Rate is determined on the basis of overall weighted average yield on Bills with maturities of 30, 91,182 and 364 days only. |
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Last Updated on 5/18/99
By bom