Interbank call rates were unchanged at its previous close of 8.10/8.15% on Wednesday as demand remained high in the first week of the reporting fortnight. Cash, which continues to remain in a huge deficit as evidenced in the banks' repo borrowing figures, has mainly kept an upward pressure in Cash rates. However, Reserve Bank of India deputy governor, has averred that current high repo borrowing a result of build-up of government cash balances and is not permanent in nature.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 170,140 crore via repo window on December 20, 2012, while bank by using LAF facility borrowed Rs 164,615 crore via repo window on December 19, 2012.
The overnight borrowing rates touched a high and low of 8.20% and 7.95% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.18% on Thursday and total volume stood at Rs 11,346.35 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 8.12% on Thursday and total volume stood at Rs 16,491.50 crore, so far.
The indicative call rates which closed at 8.10/15% 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.
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: