Sheet1

                 
Table 15 : Bank Rate and Weighted Average Yields on Treasury Bills                
                 
        (per cent per annum)        
    Auctions held on      
    6-May-99 13-May-99 20-May-99 27-May-99      
                 
1. Weighted Yield on:              
  30-day 12.41 12.29 12.41 12.41      
  91-day 12.75 12.66 12.70 12.66      
  182-day 12.76 12.76 12.78 12.78      
  364-day 13.00 13.00 13.00 13.00      
  728-day 13.10 13.10 13.10 13.10      
2. Overall Weighted Average Yield 12.58 12.82 12.57 12.71      
3. Bank Rate* 12.56 12.78 12.54 12.63      
                 
* : 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.                
                 

Last Updated on 6/15/99
By bom