Interbank call rates were trading at 7.55/70% from its previous close of 8.50/8.60% in illiquid market on Saturday. It ended at 16/17% on last trading session of the previous financial year. Call rates usually edge lower in the second half of reporting cycle as banks mostly prefer to cover for their mandated needs in the first half of the fortnight.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 120965 crore through repo window on April 02, 2013, while banks using special LAF facility borrowed Rs 2500 crore through 2 days repo auction and parked Rs 26215 crore via 2 day reverse repo window on March 31, 2013.
The overnight borrowing rates touched a high and low of 7.70% and 7.40% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.52% on Tuesday and total volume stood at Rs 12148.62 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.43% on Tuesday and total volume stood at Rs 29968.00 crore, so far.
The indicative call rates which closed at 8.50/60% on Saturday 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.
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