Interbank call rates were trading flat at its Monday’s close of 7.75/80% on muted demand in the second week of reporting cycle. However, the call rates could pick up momentum going further in the week as select banks may scramble to cover their fortnightly needs in the last minute.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 23729 crore through repo window on December 10, 2013, while banks using special LAF borrowed Rs 20009 crore through repo window and parked Rs 2982 crore via reverse repo window on December 09, 2013.
The overnight borrowing rates touched a high and low of 7.80% and 7.50% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.80% on Tuesday and total volume stood at Rs 17724.44 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.77% on Tuesday and total volume stood at Rs 29480.35 crore, so far.
The indicative call rates which closed at 7.75/7.80% on Monday 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 23729 crore through repo window on December 10, 2013, while banks using special LAF borrowed Rs 20009 crore through repo window and parked Rs 2982 crore via reverse repo window on December 09, 2013.
The overnight borrowing rates touched a high and low of 7.80% and 7.50% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.80% on Tuesday and total volume stood at Rs 17724.44 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.77% on Tuesday and total volume stood at Rs 29480.35 crore, so far.
The indicative call rates which closed at 7.75/7.80% on Monday 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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