Interbank call rates were little changed at 7.85/7.90% from its previous close of 7.85/95% on Wednesday, in a holiday-shortened trading week. Further, call rates were little changed as normal banking operations were hit for the second day today as public sector bank employees continued their strike. The two-day nationwide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions (UFBU) that comprises nine national unions.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 112,310 crore through 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 7.80% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.86% on Thursday and total volume stood at Rs 24,270.49 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.73% on Thursday and total volume stood at Rs 21,377.25 crore, so far.
The indicative call rates which closed at 7.85/95% 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, so far.
No comments:
Post a Comment