Interbank call rates were trading unchanged at its previous close of 8.00/8.05% on Tuesday, as demand remained unchanged in the first week of the reporting cycle. However, call rates cooled off significantly from five and half month level seen on Monday’s session, an account of diminished year-end demand from banks at the start of a new year.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 98630 crore via repo window on January 2, 2013, while borrowed Rs 150230 crore via repo window and parked Rs 2430 crore via reverse repo on January 1, 2012.
The overnight borrowing rates touched a high and low of 8.25% and 7.90% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.11% on Wednesday and total volume stood at Rs 13993.10 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 27037.30 crore, so far.
The indicative call rates which closed at 8.00/8.05% 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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