Table 15 : Bank Rate and Weighted Average Yields on Treasury Bills

Table 15 : Bank Rate and Weighted Average Yields on Treasury Bills

(per cent per annum)

Auctions held on

1-Feb-99

4-Feb-99

11-Feb-99

18-Feb-99

25-Feb-99

1.

Weighted Yield on:

30-day

12.41

12.54

12.66

12.54

12.54

91-day

12.58

12.58

12.58

12.58

12.62

182-day

12.71

12.73

12.71

12.69

12.71

364-day

12.91

12.95

12.97

12.97

12.95

728-day

13.07

13.10

13.10

13.10

13.09

2

Overall Weighted Average Yield

12.79

12.73

12.73

12.70

12.72

3.

Bank Rate*

12.72

12.73

12.73

12.66

12.70

* : Effective on the day following auction day.

Bank Rate is determined on the basis of overall weighted auction of Bills with maturities of 30, 91,182 and 364 days only.