| Table 15 : Bank Rate and Weighted Average Yields on Treasury Bills | ||||||||
| (per cent per annum) | ||||||||
| Auctions held on | ||||||||
| 6-May-99 | 13-May-99 | 20-May-99 | 27-May-99 | |||||
| 1. | Weighted Yield on: | |||||||
| 30-day | 12.41 | 12.29 | 12.41 | 12.41 | ||||
| 91-day | 12.75 | 12.66 | 12.70 | 12.66 | ||||
| 182-day | 12.76 | 12.76 | 12.78 | 12.78 | ||||
| 364-day | 13.00 | 13.00 | 13.00 | 13.00 | ||||
| 728-day | 13.10 | 13.10 | 13.10 | 13.10 | ||||
| 2. | Overall Weighted Average Yield | 12.58 | 12.82 | 12.57 | 12.71 | |||
| 3. | Bank Rate* | 12.56 | 12.78 | 12.54 | 12.63 | |||
| * : Effective on the day following auction day. | ||||||||
| Bank Rate is determined on the basis of overall weighted average yield on Bills with maturities of 30, 91,182 and 364 days only. | ||||||||