| Table 19 : Maintenance of Cash Ratio by Commercial Banks | ||||||
| Week | Deposit | Average | Required | Excess | Average | |
| Ended | Base* | Cash | Minimum | Cash | Cash | |
| Balances | Cash | Holdings | Ratios | |||
| Held for | Balances | |||||
| the Week | 5.5% of (1) | (2) - (3) | (2) / (1) | |||
| (1) | (2) | (3) | ||||
| (Rs million) | (Per cent) | |||||
| 9-Jul-98 | 66,821 | 3,695 | 3,675 | 20 | 5.50 | |
| 16-Jul-98 | 65,930 | 4,102 | 3,626 | 476 | 6.20 | |
| 23-Jul-98 | 65,805 | 4,178 | 3,619 | 559 | 6.30 | |
| 30-Jul-98 | 65,791 | 4,110 | 3,619 | 491 | 6.20 | |
| 5-Nov-98 | 67,067 | 4,336 | 3,689 | 647 | 6.46 | |
| 12-Nov-98 | 67,504 | 3,831 | 3,713 | 118 | 5.68 | |
| 19-Nov-98 | 67,419 | 3,980 | 3,708 | 272 | 5.90 | |
| 26-Nov-98 | 67,361 | 4,364 | 3,705 | 659 | 6.48 | |
| 3-Dec-98 | 67,691 | 4,199 | 3,723 | 476 | 6.20 | |
| 10-Dec-98 | 68,055 | 4,132 | 3,743 | 389 | 6.07 | |
| 17-Dec-98 | 68,022 | 4,315 | 3,741 | 574 | 6.34 | |
| 24-Dec-98 | 68,471 | 4,203 | 3,766 | 437 | 6.14 | |
| 31-Dec-98 | 69,863 | 4,007 | 3,842 | 165 | 5.73 | |
| 7-Jan-99 | 70,095 | 4,067 | 3,855 | 212 | 5.80 | |
| 14-Jan-99 | 69,514 | 4,232 | 3,823 | 409 | 6.09 | |
| 21-Jan-99 | 69,529 | 4,829 | 3,824 | 1,005 | 6.95 | |
| 28-Jan-99 | 69,896 | 5,845 | 3,844 | 2,001 | 8.36 | |
| 4-Feb-99 | 69,992 | 4,630 | 3,850 | 780 | 6.61 | |
| 11-Feb-99 | 70,603 | 4,134 | 3,883 | 251 | 5.86 | |
| 18-Feb-99 | 70,368 | 4,266 | 3,870 | 396 | 6.06 | |
| 25-Feb-99 | 70,142 | 4,533 | 3,858 | 675 | 6.46 | |
| 4-Mar-99 | 70,477 | 4,433 | 3,876 | 557 | 6.29 | |
| 11-Mar-99 | 71,838 | 4,244 | 3,951 | 293 | 5.91 | |
| 18-Mar-99 | 71,982 | 4,233 | 3,959 | 274 | 5.88 | |
| 25-Mar-99 | 72,435 | 4,484 | 3,984 | 500 | 6.19 | |
| 1-Apr-99 | 72,416 | 4,768 | 3,983 | 785 | 6.58 | |
| 8-Apr-99 | 72,965 | 4,240 | 4,013 | 227 | 5.81 | |
| 15-Apr-99 | 72,467 | 4,352 | 3,986 | 366 | 6.01 | |
| 22-Apr-99 | 72,293 | 4,378 | 3,976 | 402 | 6.06 | |
| 29-Apr-99 | 72,464 | 4,444 | 3,985 | 459 | 6.13 | |
| * : The deposit base is lagged by one week. | ||||||