Interbank call rates were trading higher at 8.20/8.25% against its Thursday’s close of 7.00/7.05%, but in line with repo level on account of some last minute demand from banks, which were scrambling to fulfill their fortnightly requirements on reporting fortnight.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 5031 crore through repo auction on May 16, 2014 and parked Rs 332 crore on May 16. They borrowed Rs 20891 crore via repo window and parked Rs 13261 crore via reverse repo window on May 15, 2014.
The overnight borrowing rates touched a high and low of 8.25% and 7.50% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 8.22% on Friday and total volume stood at Rs 35971.81 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was at 7.86% on Friday and total volume stood at Rs 35971.81 crore, so far.
The indicative call rates which closed 7.00/7.05% 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.
