Interbank call rates were trading steady at its Monday’s close of 8.70%/8.75%, above the repo rate of 8% as demand remained steady at the start of fresh reporting cycle as banks usually prefer to borrow for their fortnightly requirements in the first half of reporting cycle.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 21349 crore via repo window and parked Rs 5333 crore via reverse repo window on June 30, 2014.
The overnight borrowing rates touched a high and low of 9.00% and 8.30% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 8.85% on Tuesday and total volume stood at Rs 20102.20 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was at 8.47% on Tuesday and total volume stood at Rs 22803.65 crore, so far.
The indicative call rates which closed 8.70/8.75% 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.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: