Call rates changed little from previous close

The overnight borrowing rates touched a high and low of 7.35% and 7.20% respectively

Interbank call rates were little changed at 7.25/30% from its previous close of 7.20/30% on Thursday as demand steadied in the first week of the new reporting fortnight. The Reserve Bank of India, so far, has desisted so far from announcing an open market operation this week, despite liquidity remaining tight.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 81,855 crore through repo window on May 24, 2013, while banks using LAF facility borrowed Rs 98,405 crore via repo window on May 23, 2013.

The overnight borrowing rates touched a high and low of 7.35% and 7.20% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.26% on Friday and total volume stood at Rs 22069.51 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.24% on Friday and total volume stood at Rs 43485.85 crore, so far.

The indicative call rates which closed at 7.20/7.30% 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.

Call rates steady on previous close

The overnight borrowing rates touched a high and low of 7.80% and 7.50% respectively

Interbank call rates were trading unchanged at its previous close of 7.65/70% on Wednesday, as demand eased given that most of the banks had already covered for their product needs. However, cash conditions are expected to further ease once government spending picks up in April and the advance tax outflows start returning to the system

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 1, 39815 crore through repo window on March 21, 2013, while banks using special LAF facility borrowed Rs 1,30840 crore through repo window and parked Rs 345 crore via reverse repo window on March 20, 2013.

The overnight borrowing rates touched a high and low of 7.80% and 7.50% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.70% on Thursday and total volume stood at Rs 22716.31 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.58% on Thursday and total volume stood at Rs 13688.65 crore, so far.

The indicative call rates which closed at 7.65/70% 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.

Bond yields edge higher tracing rise in global crude oil prices

The yields on 10-year 8.79% - 2021 bonds were trading higher by 1 basis point at 7.93% from its previous close of 7.92% on Wednesday

Bond yields edged higher tracing higher global crude oil prices, however, bargain buying which is likely to be triggered at lower levels, may cap the surge of bond yields.

On the global front, US Treasuries, stabilizing after slipping the previous day, steadied in Asian trade on Thursday, as investors sought riskier assets after the Federal Reserve reaffirmed its accommodative policy to support the economy.  Meanwhile, Brent crude was trading above $108 a barrel on Thursday as China manufacturing data pointed to a better fuel demand outlook in the world's second largest oil user, thereby offsetting lingering worries about contagion in the euro zone from Cyprus's woes.

Back home, the yields on 10-year 8.79% - 2021 bonds were trading higher by 1 basis point at 7.93% from its previous close of 7.92% on Wednesday.

The benchmark five-year interest rate swaps were trading higher by 2 basis points at 7.22% from its previous close of 7.20% on Wednesday.

Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct Open Market Operations (OMOs) by purchasing the following government securities for an aggregate amount of Rs 10,000 crore on March 22, 2013 through multi-security auction using the multiple price method.

Call rates remains higher on sustained demand

The overnight borrowing rates touched a high and low of 7.95% and 7.75% respectively

Interbank call rates were trading little higher at 7.90/95% from its previous close of 7.85/95% on Monday, as demand remained high given that banks scrambled to fulfill their fortnightly requirements following the advance tax outflows, which strained banks cash situation. However, liquidity is expected to return to the system in a couple of weeks as the government spends the money collected through taxes.

Further, Reserve Bank of India (RBI) in its Mid-Quarter Monetary Policy Review: March 2013, has exuded its commitment towards actively managing liquidity through various instruments, including open market operations (OMO), so as to ensure adequate flow of credit to productive sectors of the economy.

Meanwhile, RBI, to support an economy set for its slowest growth in a decade, in a much anticipated move, slashed its repo rate by 25 basis points at 7.50% against 7.75% earlier and left its Cash Reserve Ratio (CRR) unchanged at 4%. Consequently, reverse repo rate under the LAF, determined with a spread of 100 basis points below the repo rate, now stands adjusted to 6.50% with immediate effect.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 120385 crore through repo window on March 19, 2013, while banks using special LAF facility borrowed Rs 142695 crore through repo window and parked Rs 25 crore via reverse repo window on March 18, 2013.

Call rates edge higher on tight liquidity condition

The overnight borrowing rates touched a high and low of 7.75% and 7.95% respectively

Interbank call rates were trading little higher at 7.80/90% from its previous close of 7.75/80% on Friday, as demand for funds remained higher from banks on account of their strained cash condition post outflows related to advance tax. Overall, the advance tax paid by the 30 leading companies in the fourth quarter is 15 per cent higher, at Rs 11,441 crore, compared to last year. Meanwhile, the call rates ended at 7.85/95% in an illiquid market on Saturday.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 142695 crore through repo window on March 18, 2013, while banks using special LAF facility borrowed Rs 135250 crore through repo window and parked Rs 75 crore via reverse repo window on March 15, 2013.

The overnight borrowing rates touched a high and low of 7.75% and 7.95% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.96% on Monday and total volume stood at Rs 21442.52 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.84% on Monday and total volume stood at Rs 15929.25 crore, so far.

The indicative call rates which closed at 7.85/90% on Saturday 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.

Call rates edge higher with start of fresh reporting cycle

The overnight borrowing rates touched a high and low of 7.85% and 7.75% respectively

Interbank three day call rates were little changed at 7.80/85% from its previous close of 7.70/80% on Friday, as demand edged higher with the start of new reporting fortnight. Further, call rates are expected to witness a run up rally in next two-three sessions on account of anticipation of liquidity crunch given that corporates have already started making payment towards quarterly advance taxes.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 101,860 crore through repo window on March 11, 2013, while banks using special LAF facility borrowed Rs 43,760 crore through repo window and parked Rs 125 crore via reverse repo window on March 8, 2013.

The overnight borrowing rates touched a high and low of 7.85% and 7.75% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.80% on Monday and total volume stood at Rs 25,731.98 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.75% on Monday and total volume stood at Rs 31,297.30 crore, so far.

The indicative call rates which closed at 7.70/80% on Friday 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.

Call rates edge higher on steady demand

Interbank call rates were trading higher at 7.85/95% from its previous close of 7.75/7.80% on Tuesday, given the steady demand, as banks prefer to borrow mostly in the first week to avoid a last minute scramble in the second week. However, not a sharp up run is expected in call rates after central bank, in order to ease the tight liquidity condition, announced an Open Market Operation (OMO) to buy bonds up to Rs 10,000 crore on March 1, post market closed on Monday.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 112,905 crore through repo window on February 27, 2013, while banks using special LAF facility borrowed Rs 115,290 crore through repo window and parked Rs 25 crore via reverse repo window on February 26, 2013.

The overnight borrowing rates touched a high and low of 7.90% and 7.80% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.88% on Wednesday and total volume stood at Rs 22,756.83 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.75% on Wednesday and total volume stood at Rs 20,130.65 crore, so far.

The indicative call rates which closed at 7.75/80% 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, so far.

Call rates steady above repo level on firm demand

The overnight borrowing rates touched a high and low of 7.90% and 7.75% respectively

Interbank call rates were trading steady at its previous close of 7.85/90% with demand remaining firm at the start of a new reserves reporting week. Further, banks' borrowing from the central bank has hovered at more than Rs 1 trillion for most of the month, showing the continued extent of the liquidity tightness in the banking system.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 115,290 crore through repo window on February 26, 2013, while banks using special LAF facility borrowed Rs 128,425 crore through repo window and parked Rs 25 crore via reverse repo window on February 25, 2013.

The overnight borrowing rates touched a high and low of 7.90% and 7.75% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.88% on Tuesday and total volume stood at Rs 24,568.15 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.75% on Tuesday and total volume stood at Rs 23,252.55 crore, so far.

The indicative call rates which closed at 7.85/90% on Monday 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.

Bond yields tread water ahead of Budget

The yields on 10-year 8.79% - 2021 bonds were trading steady at its previous close of 7.80% on Friday 

Bond yields were treading water as investors preferred staying on the sidelines ahead of the budget on Feb 28. However, traders will also watch the railway budget on Feb 26 for cues on how serious the government is about mending its finances.

On the global front, US Treasuries prices edged higher on Friday in the absence of key US economic data, as investors prepared for testimony next week from Federal Reserve Chairman Ben Bernanke, which will be scoured for clues of when the central bank may slow or stop buying bonds. Meanwhile, Brent crude was off 7 cents at $114.03, also ending last week with its biggest loss since early December.

Back home, the yields on 10-year 8.79% - 2021 bonds were trading steady at its previous close of 7.80% on Friday.

The benchmark five-year interest rate swaps were trading flat at its previous close of 7.22% on Friday.

Call rates inch up at start of new reserves reporting week

Interbank call rates were trading higher at 7.85/90% from its previous close of 7.75/80% since demand edged higher at the start of a new reserves reporting week. The call rates ended at 7.80/85% on Saturday.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 74,140 crore through repo window on February 22, 2013, while banks using special LAF facility borrowed Rs 74,220 crore through repo window and parked Rs 365 crore via reverse repo window on February 22, 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 7.87% on Monday and total volume stood at Rs 24,470.27 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.75% on Monday and total volume stood at Rs 24,185.75 crore, so far.

The indicative call rates which closed at 7.80/85% on Saturday 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.

Call rates edge lower on reporting Friday

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.

Call rates little changed; PSU bank employees two day strike weighs

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.

Call rates creep higher on tight liquidity condition

Interbank call rates were little changed at 7.90/7.95%, up from its Friday’s close of 7.75/7.85%, as demand picked up with the start of the second week of reporting cycle amidst tight cash condition. Cash crunch is expected to persist up to mid-March as advance tax outflows begin from the system. Further, call rates ended at 7.60/7.65% in illiquid market on Saturday.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 125,860 crore through repo window on February 18, 2013, while banks using LAF facility borrowed Rs 120,120 crore through repo window on February 15, 2013 and parked Rs 15 crore via reverse repo window on the same day.

The overnight borrowing rates touched a high and low of 7.95% and 7.90% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.88% on Monday and total volume stood at Rs 22,426.24 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.76% on Monday and total volume stood at Rs 29,381.15 crore, so far.

The indicative call rates which closed at 7.60/65% on Saturday 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.  

Call rates little changed from previous close on Friday

The overnight borrowing rates touched a high and low of 7.90% and 7.70% respectively

Interbank call rates were little changed at 7.80/85% from its previous close of 7.80/90% on Thursday, as demand remained steady on expectation of eased liquidity condition, which was backed by the hopes of continued Open Market Operations (OMOs) by the central bank.

Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct Open Market Operations by purchasing the government securities for an aggregate amount of  Rs 10,000 crore on February 15, 2013.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 120,120 crore through repo window on February 15, 2013, while banks using LAF facility borrowed Rs 119,795 crore through repo window on February 14, 2013 and parked Rs 10 crore via reverse repo window on the same day.

The overnight borrowing rates touched a high and low of 7.90% and 7.70% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.83% on Friday and total volume stood at Rs 26,583.12 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.75% on Friday and total volume stood at Rs 34,881.45 crore, so far.

The indicative call rates which closed at 7.80/90% 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.

Call rates little changed on Thursday

Interbank call rates were little changed at 7.80/7.85% versus its previous closing level of 7.75/7.85% on Wednesday, with demand remaining stable in the first week of the reporting fortnight. Further, RBI’s debt buyback via open market operations (OMO) on Friday which should help offset large part of the outflows towards the Rs 12,000 crore debt sale also capped the surge of call rates.

 Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct Open Market Operations by purchasing the government securities for an aggregate amount of  Rs 10,000 crore on February 15, 2013.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 126,945 crore through repo window and parked Rs 10 crore via reverse repo window on February 13, 2013, while banks using LAF facility borrowed Rs 123,965 crore through repo window on February 12, 2013 and parked Rs 15 crore via reverse repo window on the same day.

The overnight borrowing rates touched a high and low of 7.90% and 7.70% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.84% on Thursday and total volume stood at Rs 24,001.32 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.75% on Thursday and total volume stood at Rs 27,796.90 crore, so far.

The indicative call rates which closed at 7.75/85% 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.

Call rates trade steady on Wednesday

The overnight borrowing rates touched a high and low of 7.90% and 7.70% respectively

Interbank call rates were trading steady at its previous close of 7.75/7.85% on Tuesday, with demand remaining stable in the first week of the reporting fortnight. Further, surge of cash rates was also capped by RBI’s announcement of open market announcement.

Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct Open Market Operations by purchasing the government securities for an aggregate amount of  Rs 10,000 crore on February 15, 2013.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 123,965 crore through repo window and parked Rs 15 crore via reverse repo window on February 12, 2013, while banks using LAF facility borrowed Rs 109,480 crore through repo window on February 11, 2013 and parked Rs 10 crore via reverse repo window on the same day.

The overnight borrowing rates touched a high and low of 7.90% and 7.70% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.83% on Wednesday and total volume stood at Rs 21,993.05 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.75% on Wednesday and total volume stood at Rs 20,080.25 crore, so far.

The indicative call rates which closed at 7.75/85% 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, so far.

Call rates edge a tad higher on higher demand

The overnight borrowing rates touched a high and low of 7.90% and 7.85% respectively

Interbank call rates were trading at 7.85/90% from its previous close of 7.80/7.85% on Monday, on higher demand in the first week of the reporting fortnight. However, cash rates remain little changed given that cut in banks' cash reserve ratio by 25 basis points became effective on February 9 and released Rs 18,000 crore into the system.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 123,965 crore through repo window on February 12, 2013, while banks using LAF facility borrowed Rs 109,480 crore through repo window on February 11, 2013 and parked Rs 10 crore via reverse repo window on the same day.

The overnight borrowing rates touched a high and low of 7.90% and 7.85% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.82% on Tuesday and total volume stood at Rs 22,151.39 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.76% on Tuesday and total volume stood at Rs 25,246.65 crore, so far.

The indicative call rates which closed at 7.80/85% on Monday 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.

Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Inflation still high, says Subbarao India, Sweden amend tax treaty New bank licence norms ‘very soon’: RBI Deputy Governor Banks’ bad loans could go up as Govt delays payments to vendors We will focus on creating macro-economic stability: Rajan Forex reserves down by $595 mn to $295 bn Finance Ministry pegs growth at 5.5% this fiscal INTERNATIONAL ECONOMY Oil Exports Trim U.S. Trade Deficit as Fuel Gap Shrinks: Economy German Exports Rose in December to Cap Trillion-Euro Year Japan Posts Back-to-Back Current-Account Deficit in December China Festive Sales Seen Gaining as Economy Strengthens EQUITY MARKET 8 sectors which could be impacted by Budget 2013 Analysts don’t expect Nifty to correct sharply in near term BSE Sensex plunges to rock-bottom in 2013 after 7-day losing streak Chidambaram to launch Rajiv Gandhi equity scheme tomorrow DEBT MARKET Bankers want SLR reduced if HTM bond limit is cut IRFC mops up Rs 5,350 cr through tax-saving bond issue Call rates edge higher on reporting Friday Bond yields edge lower on March rate cut hopes Treasury 10-Year Yields Are Poised For Weekly Decline Spanish Bonds for Gain Second Day on ECB Policy Bets COMMODITIES Growth data may put gold under pressure Copper Rises Most in a Week on China’s Trade, Auto Data Brent Oil Rises to Nine-Month High on China World Cotton Surplus Estimate Raised on Bigger Crop in China FOREX Rupee depreciates the most in over a month on Friday Euro Near 2-Week Low, Poised for Weekly Drop, on Draghi Warning Brazilian Real Touches Highest Since May as Mantega Sets Ceiling Pound Posts Biggest Weekly Gain Versus Euro Since 2011  MUTUAL FUNDS Market rally fuels exits from equity schemes Rajiv Gandhi scheme: SEBI extends new fund offer period to 30 days Are fixed maturity plans losing sheen? INSURANCE Insurers can now invest up to 15% in equity of a company IRDA proposes to lower solvency margin to 145 pc for insurers REAL ESTATE ABG Group said be in talks to sell prime Worli plot Morgan Stanley may invest up to Rs 9-10 billion in Mumbai office development: Sources Real value U.K. Property Prices Increased in January, Acadametrics Says  OPINION Tax administration, heal thyself Better than it looks Should housing be given ‘infrastructure status’? - YES Should housing be given ‘infrastructure status’? - NO KNOWLEDGE CENTER Tax-savings Bonds are  Best option before Rates Fall Park money in a contingency fund Look beyond Section 80 C for tax-saving instruments Guarding against a weak rupee How the rupee’s movements can wreck your portfolio

Call rates edge higher on reporting Friday

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.

Call rates recede on the penultimate day of reporting cycle

Interbank call rates were trading lower at 7.85/7.90% against its previous close of 7.90/8.00% on Wednesday, as demand usually dwindles approaching the end of the reporting fortnight, since most of the banks have already covered their mandated requirements in order to avoid the volatility of rates going further.  

Further, lower repo bids this week have also been on account of expected government spending as the budget and fiscal year end draws close, a time when spending picks up.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 57615 crore through repo window and parked Rs 1500 crore on February 6, 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 Thursday and total volume stood at Rs 19244.41 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.76% on Thursday and total volume stood at Rs 15717.45 crore, so far.

Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Can’t borrow beyond a limit: Chidambaram Gross direct tax  grows 7.1%, Income Tax 15% in Apr-Nov Permit banks to buy back gold coins from public: RBI report India’s long-term potential rate is 7%: Goldman Sachs IMF calls for slashing SLR to spur pvt investments Net direct tax  grows 12% in April-Jan INTERNATIONAL ECONOMY UK CEOs expect more revenue German Factory Orders Add to Signs of European Recovery: Economy Netherlands AAA Outlook Cut as Fitch Cites Shocks to Economy China’s January Data Gap Vexes Economists EU Seeks to Advance U.S. Trade Deal as China’s Role Grows EQUITY MARKET Sensex falls for 5th day, NTPC, Coal India shares down over 2%, Nifty positive at close Performance of Asia-Pacific coal firms to remain subdued in 2013: S&P It’s only a conditional nod for Diageo-United Spirits open offer Merger, demerger deals need SEBI approval now Banking, fin services stocks drop on weak Q3 earnings DEBT MARKET Deposits growth continues to lag at 13.08% Call rates remain steady around previous close Bond yields edge tad higher tracing rising global crude oil prices Bunds Advance Before ECB Meeting as Spanish Notes Rise U.S. Treasury Sees Floating-Rate Note Sale Within Next Year Taiwan 10-Year Bond Yields Rise to 7-Month High  COMMODITIES Crude oil up on healthy economic indicators Time to dump gold for platinum Coffee Exports From India Set to Drop as Europe Demand Slows Carmakers Use Aluminum Over Steel in Boost for Rio: Commodities Platinum Advances to 16-Month High on Supply Woes; Gold Climbs FOREX Rupee slips a tad Brazil Swap Rates Increase on Inflation Concern; Real Advances Aussie Declines After Retail Sales Unexpectedly Fall Pound Rises Before Carney Testimony, Rate Decision; Gilts Euro Falls Toward One-Week Low Versus Dollar Before ECB   MUTUAL FUNDS Mutual funds exposure to banking stock soars to over 3-year high Gold holding through ETF touches 40,000 kg Gilt assets jump 10 times in first 3 quarters of FY13 INSURANCE Planning to buy an endowment plan? It may pay to wait a few more days Irda to Stop Schemes that Guarantee Highest NAV REAL ESTATE Commercial project 'Spire Edge' at Manesar designated as World Trade Center Panacea, Bestech join to develop township OPINION Why was IRDA sleeping? Taxing FDI Burning issues in real estate regulation Sukumar Mukhopadhyay: GST - 'Paradise lost' from fractured design KNOWLEDGE CENTER Tax-savings Bonds are  Best option before Rates Fall Park money in a contingency fund Look beyond Section 80 C for tax-saving instruments Guarding against a weak rupee How the rupee’s movements can wreck your portfolio