The overnight borrowing rates touched a high and low of 8.10% and 7.95% respectively
Interbank call rates were trading steady at its previous close of 8.05/10% on Tuesday as demand remained on the higher side on account of start of the new reporting cycle. Demand for funds is usually higher at the start of a fortnight to avoid last minute scramble in the second week.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 65,295 crore through repo window on October 9, 2012, while, the banks borrowed Rs 61,180 crore through repo window on October 8, 2012.
The overnight borrowing rates touched a high and low of 8.10% and 7.95% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.02% on Tuesday and total volume stood at Rs 21,916.86 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 8.00% on Tuesday and total volume stood at Rs 24,018.40 crore, so far.
The indicative call rates which closed at 8.05/10% 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.
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