| Table 15 : Bank Rate and Weighted Average Yields on Treasury Bills | ||||||||||
| (per cent per annum) | ||||||||||
| Auctions held on | ||||||||||
| 3-Jun-99 | 10-Jun-99 | 17-Jun-99 | 24-Jun-99 | |||||||
| 1. | Weighted Yield on: | |||||||||
| 30-day | 12.41 | 12.41 | 12.41 | 12.54 | ||||||
| 91-day | 12.62 | 12.66 | 12.70 | 12.70 | ||||||
| 182-day | 12.76 | 12.78 | 12.76 | 12.80 | ||||||
| 364-day | 12.97 | 13.00 | 13.00 | 13.00 | ||||||
| 728-day | 13.10 | 13.10 | 13.10 | 13.10 | ||||||
| 2. | Overall Weighted Average Yield | 12.78 | 12.70 | 12.55 | 12.79 | |||||
| 3. | Bank Rate* | 12.65 | 12.58 | 12.55 | 12.66 | |||||
| * : 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. | ||||||||||