Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading lower at 5.81% from its previous close of 6.04% on Friday, as demand eased in the first day of new reporting cycle. However, the rates could edge higher in the coming days as banks usually prefer borrowing for their fortnightly requirements in the first week of reporting fortnight to avoid the volatility of rates going further.
The banks via Liquidity Adjustment Facility (LAF)-Fixed Rate Repo Operations borrowed Rs 1721 crore via three days repo window on April 3, 2017, while they borrowed Rs 9395 crore via repo window and parked Rs 135177 crore via reverse repo window on March 31, 2017.
The overnight borrowing rates touched a high and low of 6.20% and 5.00% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 4.29% on Monday and total volume stood at Rs 35844.32 so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 5.73% on Monday total volume stood at Rs 113713.50 crore, so far.
The indicative call rates which closed at 6.04% on Friday, 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: