Table 15

	Table 15: Bank Rate and Weighted Average Yields on Treasury Bills
						(per cent per annum)
			Auctions held on
			1-Jul-99	8-Jul-99	15-Jul-99	22-Jul-99	29-Jul-99
	1.	Weighted Yield on:
		30-day	12.54	12.54	12.54	12.54	12.66
		91-day	12.70	12.75	12.75	12.70	12.70
		182-day	12.80	12.80	12.78	12.78	12.76
		364-day	13.00	13.00	13.00	13.00	12.98
		728-day	13.10	13.10	13.10	13.10	13.10
	2.	Overall Weighted Average Yield	12.70	12.70	12.78	12.70	12.86
	3.	Bank Rate*	12.68	12.69	12.68	12.66	12.82
	* : 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.