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Call rates trade marginally higher on Tuesday

29 Dec 2015 Evaluate

Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading marginally higher at 6.81% from its previous close of 6.80% on Monday, as demand remained on the positive side in the first week of the reporting cycle.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 10077 crore via three days repo window on December 29, 2015, while they borrowed Rs 13965 crore via repo window and parked Rs 8907 crore via reverse repo window on December 28, 2015.

The overnight borrowing rates touched a high and low of 7.50% and 5.70% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 6.92% on Tuesday and total volume stood at Rs 31750.02 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 6.79% on Tuesday and total volume stood at Rs 68555.65 crore, so far.

The indicative call rates which closed 6.80% 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. 

          

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