Interbank call rates were trading at 8.15/8.20%, not only higher compared with Thursday’s close of 7.95/8.05%, but also higher than repo rate of 8% as banks continued to fulfill their fortnightly requirements in the first half of reporting cycle, in order to avoid the volatility of rates going further.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 15379 crore via repo window on August 1, 2014. Meanwhile, banks also borrowed Rs 18061 crore through repo auction and parked Rs 3335 crore via days reverse repo window on July 31, 2014.
The overnight borrowing rates touched a high and low of 8.50% and 8.00% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 8.11% on Friday and total volume stood at Rs 25652.83 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was at 8.12% on Friday and total volume stood at Rs 30001.90 crore, so far.
The indicative call rates which closed 7.95/8.05% 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.
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: