Interbank call money rates are currently trading at 7.60%, tad lower compared to its previous close of 7.60/65% on Wednesday as banks preferred borrowing funds from the central bank via the liquidity adjustment facility at lower rates amid better funds in the system.
Banks via Liquidity Adjustment Facility (LAF) borrowed Rs 63,045 crore through repo window on July 20, 2011. While, banks via Liquidity Adjustment Facility (LAF) borrowed Rs 64,395 crore through repo window and parked Rs 300 crore via reverse repo window on July 19, 2011. The overnight borrowing rates has touched a high of 7.70% and a low of 7.45%, so far.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.61% on Thursday and total volume so far stood at Rs 14398 crore.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.50% on Thursday and total volume so far stood at Rs 22345.90 crore.
The indicative call rates which closed at 7.60/65% 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.
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