Interbank call rates were trading almost unchanged at 8.05/10% from its previous close of 8.00/8.10% on Monday despite a severe cash crunch in the banking system as most banks have excess bond holdings to borrow from the central bank at the repo auction.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 106,455 crore via repo window on November 27, 2012. While, the banks using LAF facility borrowed Rs 110,710 crore through repo window and parked Rs 5 crore via reverse repo window on November 26, 2012.
The overnight borrowing rates touched a high and low of 8.15% and 7.95% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.02% on Tuesday and total volume stood at Rs 14,757.38 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 8.00% on Tuesday and total volume stood at Rs 23,566.75 crore, so far.
The indicative call rates which closed at 8.00/8.10% 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.
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