Interbank call rates were trading higher at 8.00%/8.05% against Thursday’s close of 7.70/7.75% tad higher than repo rate of 8%, as demand remained on the higher side on last session of prevailing reporting fortnight since select banks preferred to borrow last minute to fulfill their fortnightly requirements.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 12781 crore through three days repo auction on November 28, 2014, while banks via LAF facility borrowed Rs 16685 crore through repo window and parked Rs 3311 crore through reverse repo auction on November 27, 2014.
The overnight borrowing rates touched a high and low of 8.10% and 6.50% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 8.01% on Friday and total volume stood at Rs 46392.15 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was at 7.93% on Friday and total volume stood at Rs 25297.10 crore, so far.
The indicative call rates which closed at 7.70/7.75% 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.
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