The overnight borrowing rates touched a high and low of 7.95% and 7.70% respectively
Interbank three day call rates were trading higher at 7.80/7.85% against previous close of 7.45/7.55% on last minute demand from banks on the reporting day. However, repo borrowing in the previous session also spiked again on indirect tax outflows, also NTPC share sale related outflows, weighed on the liquidity.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 58,460 crore through repo window on February 8, 2013. Meanwhile, the banks using LAF borrowed Rs 116,980 crore through repo window and parked Rs 3,210 crore on February 7, 2013.
The overnight borrowing rates touched a high and low of 7.95% and 7.70% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.81% on Friday and total volume stood at Rs 19,244.41 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.76% on Friday and total volume stood at Rs 15,717.45 crore, so far.
The indicative call rates which closed at 7.45/55% 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, so far.
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