| Table 15: Bank Rate and Weighted Average Yields on Treasury Bills | |||||||||
| (Per cent per annum) | |||||||||
| Auctions held on | |||||||||
| 2-Sep-99 | 9-Sep-99 | 16-Sep-99 | 23-Sep-99 | 30-Sep-99 | |||||
| 1. | Weighted Yield on: | ||||||||
| 30-day | 12.79 | 12.66 | 12.54 | 12.54 | 12.54 | ||||
| 91-day | 12.70 | 12.75 | 12.75 | 12.70 | 12.75 | ||||
| 182-day | 12.80 | 12.80 | 12.80 | 12.80 | 12.76 | ||||
| 364-day | 13.00 | 13.00 | 13.00 | 13.00 | 13.00 | ||||
| 728-day | 13.10 | 13.10 | 13.10 | 13.10 | 13.10 | ||||
| 2. | Overall Weighted Average Yield | 12.79 | 12.74 | 12.73 | 12.69 | 12.74 | |||
| 3. | Bank Rate 1 | 12.78 | 12.74 | 12.70 | 12.68 | 12.72 | |||
| 1 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. | |||||||||