TABLE 11.1 : CASH RESERVE RATIO AND INTEREST RATES - 2008-09 Contd. |
(in per cent) |
Items
|
October
2008 |
November
2008 |
December
2008 |
January
2009 |
February
2009 |
March
2009 |
|
(7) |
(8) |
(9) |
(10) |
(11) |
(12) |
a. Cash Reserve Ratio (1) |
6.00 |
5.50 |
5.50 |
5.00 |
5.00 |
5.00 |
b. Bank Rate |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
c. Prime Lending Rate (2) |
13.75-14.00 |
13.00-13.50 |
12.50-13.25 |
12.00-12.50 |
11.50-12.50 |
11.50-12.50 |
d. Deposit Rate (3) |
8.75-10.50 |
8.50-10.50 |
8.50-10.00 |
8.00-9.00 |
7.75-9.00 |
7.75-8.75 |
e. Call Money Rate (4) |
|
|
|
|
|
|
Borrowing |
|
|
|
|
|
|
(i) High |
21.00 |
7.75 |
6.60 |
4.50 |
4.50 |
5.00 |
(ii) Low |
4.50 |
4.00 |
4.00 |
2.00 |
2.00 |
2.25 |
Lending |
|
|
|
|
|
|
(i) High |
21.00 |
7.75 |
6.60 |
4.50 |
4.50 |
5.00 |
(ii) Low |
4.50 |
4.00 |
4.00 |
2.00 |
2.00 |
2.25 |
Notes : 1. As applicable to Scheduled Commercial Banks (excluding Regional Rural Banks) as on last Friday. |
2. Prime Lending Rate (PLR) relates to five major banks. |
3. Deposit rate relates to major banks for term deposits of more than one year maturity. |
4. Data cover 90-95 per cent of total transactions reported by major participants. |
Based on highs/lows of the the weeks ending on Fridays of the month. |
Source: Weekly Statistical Supplement, various issues. |