Call rates in February'99 have been inching up over the last couple of weeks. Dealers, while pointing out that interest payments on gilts (12.40 per cent 2013; 9.50 per cent 2008; 13.65 per cent 2007 and 11.75 per cent 2001) may soften call rates this fortnight, cite a potentially higher borrowing programme next fiscal, adding: "There is an outflow of Rs 4,417 crore in the very first week of 1999-2000 with the redemption of the 12 per cent 1999."