The overnight borrowing rates touched a high and low of 7.95% and 7.85% respectively
Interbank call rates were trading lower at 7.90/95% from its previous close of 7.90/8.00% on Thursday, as demand ebbed on the last day of the reporting fortnight. Call rates also edged lower as bank’s borrowing from the central bank's repo window remained elevated above Rs 100,000 crore.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 112,310 crore through repo window and parked Rs 45 crore via reverse repo window on February 21, 2013, while banks using LAF facility borrowed Rs 122,270 crore through repo window on and parked Rs 40 crore via reverse repo window on February 20, 2013.
The overnight borrowing rates touched a high and low of 7.95% and 7.85% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.93% on Thursday and total volume stood at Rs 28,650.55 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.21% on Thursday and total volume stood at Rs 8,205.35 crore, so far.
The indicative call rates which closed at 7.95/8.00% 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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