Interbank call rates were at 8.75/8.80%, higher than Wednesday's close of 8.50/8.55%, as some banks rushed to cover reserve requirements on penultimate day of two-week reporting cycle. However, cash rates could inch towards the double-digit mark next month after companies pay advance taxes around mid-March, pulling out cash from banks.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 147,135 crore through repo window on February 23, 2012. Meanwhile, the banks via LAF borrowed Rs 140,950 crore through repo window and parked Rs 4,655 crore via reverse repo window on February 22, 2012.
The overnight borrowing rates has touched a high of 8.68% and a low of 8.00%, so far.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.63% on Wednesday and total volume stood at Rs 14,917.17, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 8.47% on Wednesday and total volume stood at Rs 45,614.95 crore, so far.
The indicative call rates which closed at 8.50/55% 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 Bank, State Bank of India, Union Bank of India, ING Vysya Bank, BNP Paribas, HDFC Bank, P&S Bank.
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: