Scribd Logo
Upload

Welcome to Scribd!

  • FFRChange History

    Uploaded by

    api-3712367
    30 views1 page
    The document outlines changes to the Federal Funds Rate (FFR) in the United States and how it impacted interest rates on 3-year and 5-year fixed deposits (SBI-Float) in India between December 2004 and July 2006. Whenever the FFR rate in the US changed, the interest rates on 3-year and 5-year fixed deposits in India would be adjusted after a delay of around 1-2 weeks to reflect the change in the benchmark FFR.

    Original Description:

    Original Title

    FFRChangeHistory

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document outlines changes to the Federal Funds Rate (FFR) in the United States and how it impacted interest rates on 3-year and 5-year fixed deposits (SBI-Float) in India between December 2004 and July 2006. Whenever the FFR rate in the US changed, the interest rates on 3-year and 5-year fixed deposits in India would be adjusted after a delay of around 1-2 weeks to reflect the change in the benchmark FFR.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    30 views1 page

    FFRChange History

    Uploaded by

    api-3712367
    The document outlines changes to the Federal Funds Rate (FFR) in the United States and how it impacted interest rates on 3-year and 5-year fixed deposits (SBI-Float) in India between December 2004 and July 2006. Whenever the FFR rate in the US changed, the interest rates on 3-year and 5-year fixed deposits in India would be adjusted after a delay of around 1-2 weeks to reflect the change in the benchmark FFR.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    History of SBI-Float Interest Rate Change

    (FFR-linked version. This version was discontinued from July 1, 2005.)

    Date of FFR Date of SBI-Float APR SBI-Float APR


    Change of Change of for 3-Year for 5-Year
    FFR SBI-Float Rate Deposit Deposit
    12/14/2004 2.25 12/21/2004 4.00 4.50
    02/02/2005 2.50 02/09/2005 4.25 4.75
    03/22/2005 2.75 03/29/2005 4.50 5.00
    05/03/2005 3.00 05/10/2005 4.75 5.25
    06/30/2005 3.25 07/08/2005 5.00 5.50
    08/09/2005 3.50 08/16/2005 5.25 5.75
    09/20/2005 3.75 09/27/2005 5.50 6.00
    11/01/2005 4.00 11/08/2005 5.75 6.25
    12/13/2005 4.25 12/20/2005 6.00 6.50
    01/31/2006 4.50 02/08/2006 6.25 6.75
    03/28/2006 4.75 04/04/2006 6.50 7.00
    05/10/2006 5.00 05/17/2006 6.75 7.25
    06/29/2006 5.25 07/07/2006 7.00 7.50

    You might also like