Interbank call rates were trading slightly higher at 8.10/15% from its previous close of 8.05/10%, as liquidity situation in the banking system remains largely unchanged with banks continuing to borrow from RBI to fund their deficit. Banks' holding of excess debt prefer to borrow from the central bank at the repo auction at 8 percent.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 106,970 crore via repo window on November 21, 2012. While, the banks using LAF facility borrowed Rs 104,710 crore through repo window and parked Rs 30 crore via reverse repo window on November 20, 2012.
The overnight borrowing rates touched a high and low of 8.15% and 7.95% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.01% on Wednesday and total volume stood at Rs 13,173.18 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 8.00% on Wednesday and total volume stood at Rs 23,103.45 crore, so far.
The indicative call rates which closed at 8.05/10% on Tuesday 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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