Table 18 : Transactions on the Interbank Money Market

Table 18 : Transactions on the Interbank Money Market

Period

Amount Transacted

Daily

Range of

Interbank

Bank

Average

Interbank

W.A.I

Rate

Lowest

Highest

Total

@

Rate

Rate*

**

(Rs million)

(Per cent)

April 1999 #

Week I

36

36

36

36

9.25

9.25

12.60

Week II

60

250

1,175

168

9.50 - 11.50

10.52

12.81

Week III

30

68

308

44

9.50 - 10.00

9.66

12.53

Week IV

40

118

647

92

9.50 - 10.00

9.85

12.57

Week V

45

110

505

63

9.50 - 10.50

9.60

12.56

Apr-98

25

318

2,518

114

7.75 - 12.00

9.30

9.05

May-98

10

177

2,143

79

7.00 - 9.00

8.08

9.08

Jun-98

5

480

1,608

95

7.50 - 10.50

8.35

9.13

Jul-98

20

325

5,130

166

7.50 -12.00

9.06

9.22

Aug-98

5

375

4,449

178

7.50 -10.00

9.00

9.63

Sep-98

8

158

725

30

8.00 - 10.25

8.91

10.12

Oct-98

15

495

4,220

136

8.00 - 18.00

10.37

10.30

Nov-98

7

290

3,362

112

8.00 - 11.00

10.14

11.43

Dec-98

21

450

3,384

117

8.50 - 12.19

9.82

12.49

Jan-99

35

385

3,137

116

8.00 - 18.00

11.09

12.76

Feb-99

35

445

5,137

190

9.00 - 13.00

10.28

12.71

Mar-99

15

235

2,499

104

9.00 - 9.75

9.51

12.66

Apr-99

30

250

2,671

89

9.25 - 11.50

10.07

12.61

* : Interbank Weighted Average Interest Rate.

# : Auction week .

** : Simple Average for the month, actual for the week.

@ : For transactions days only.