Call rates tad changed on end of first week of reporting cycle

The overnight borrowing rates touched a high and low of 8.10% and 7.95% respectively

Interbank call rates were trading little changed at 8.05/10% from its previous close of 8.00/05% on Thursday, as demand somewhat slowed since most of the bank already borrowed more to set aside mandatory reserves approaching the end of the first week of reporting cycle. Further, even comfortable cash condition prevented further uptick in cash rates.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 45,840 crore through repo window on October 12, 2012, while, the banks borrowed Rs 69,265 crore through repo window on October 111, 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 7.99% on Friday and total volume stood at Rs 16,670.43 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.99% on Friday and total volume stood at Rs 43,886.50 crore, so far.

The indicative call rates which closed at 8.00/8.05% 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.