Interbank call rates shot higher at 9.20/30% against its previous close of 7.50/7.60% on Thursday, but stayed within central bank's emergency funding rate or Marginal Standing Facility (MSF) Rate of 10.25%, with the end of the first week of reporting fortnight. The call rates are expected to further cool down in coming week as demand usually tappers off approaching the second week of reporting cycle.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 37264 crore through repo window on August 02, 2013, while banks, borrowed Rs 37716 crore through repo window and parked Rs 403 crore via reverse repo window on August 01, 2013.
The overnight borrowing rates touched a high and low of 10.00% and 9.00% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 9.54% on Friday and total volume stood at 14438.24 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 9.28% on Friday and total volume stood at Rs 69267.95 crore, so far.
The indicative call rates which closed at 7.50/60% on Thursday were contributions made from Andhra Bank, AXIS Bank, Bank of America, Bank of Baroda, Bank of India, Canara Bank, J P Morgan Chase, Citibank N.A., Corporation Bank, Credit Agricole Bank, Indusind Bank, ICICI Bank, ICICI Securities, IDBI Bank, Jammu and Kashmir Bank, Punjab National Bank, RBS, Societe Generale, Standard Chartered, so far
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 37264 crore through repo window on August 02, 2013, while banks, borrowed Rs 37716 crore through repo window and parked Rs 403 crore via reverse repo window on August 01, 2013.
The overnight borrowing rates touched a high and low of 10.00% and 9.00% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 9.54% on Friday and total volume stood at 14438.24 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 9.28% on Friday and total volume stood at Rs 69267.95 crore, so far.
The indicative call rates which closed at 7.50/60% on Thursday were contributions made from Andhra Bank, AXIS Bank, Bank of America, Bank of Baroda, Bank of India, Canara Bank, J P Morgan Chase, Citibank N.A., Corporation Bank, Credit Agricole Bank, Indusind Bank, ICICI Bank, ICICI Securities, IDBI Bank, Jammu and Kashmir Bank, Punjab National Bank, RBS, Societe Generale, Standard Chartered, so far
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