SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Call rates trade sub repo level on Monday

03 Sep 2012 Evaluate

Interbank call rates were at 7.95/8.00% little changed from its previous close of 7.90/8.00%, as banks were adequately covered to meet funding needs, with comfortable liquidity condition, further providing a lid to the gains of overnight cash rates. However, even hopes that RBI would resume bond purchases in late September on account of tightened liquidity because of tax outflows, also kept call rates below the repo rate.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 16,830 crore through repo window on September 3, 2012, while, the banks via second LAF borrowed Rs 37,080 crore through repo window and parked Rs 50 crore via reverse repo window on August 31, 2012.

The overnight borrowing rates touched a high and low of 8.05% and 7.90% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.95% on Monday  and total volume stood at Rs 21,228.96 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.94% on Monday and total volume stood at Rs 65,324.75 crore, so far.

The indicative call rates which closed at 7.90/8.00% 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 Bank, State Bank of India, Union Bank of India, ING Vysya Bank, BNP Paribas, HDFC Bank, P&S Bank.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×