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.