Interbank call rates were trading tad higher at 8.00/8.10% from its previous close of 8.00/8.05% on Tuesday, on diminishing demand in the second week of the reporting fortnight. However, call rates are not expected to nudge significantly higher above repo mark since absence of auction keeps lid on cash deficit. Further, although cash deficit is above RBI's comfort zone, less than Rs 150,000 crore deficit seen in end-December.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 82,525 crore via repo window on January 9, 2013, while borrowed Rs 80,865 crore via repo window and parked Rs 5 crore via reverse repo window on January 8, 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 8.00% on Wednesday and total volume stood at Rs 15,025.21 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.98% on Wednesday and total volume stood at Rs 32,268.35 crore, so far.
The indicative call rates which closed at 8.00/8.05% on Tuesday 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: