Interbank call rates were trading steady at its previous close of 8.05/8.10% on Wednesday, on somewhat comfortable cash situation. Oil companies received on January 3, first tranche of Rs 10,000 crore as part of a cash subsidy payout for the April-September period, with two additional tranches due to be received on January 10 and 17.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 101,125 crore via repo window on January 10, 2013, while borrowed Rs 82,525 crore via repo window and parked Rs 50 crore via reverse repo window on January 9, 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 8.03% on Thursday and total volume stood at Rs 19,035.24 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.99% on Thursday and total volume stood at Rs 21,683.05 crore, so far.
The indicative call rates which closed at 8.05/8.10% on Wednesday 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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