SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Call rates trade lower near repo level on last day of reporting cycle

18 Apr 2013 Evaluate

Interbank call rates were trading lower at 7.50/60% from its previous close of 7.60/65% on Wednesday, on the last day of the reporting cycle, given that money markets are shut tomorrow for holiday on account of ‘Ram Navami’. The call rates are expected to gyrate near repo level until RBI’s May 3 Policy Review, where is it widely expected to lower the repo rate by at least 25 basis points.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 49095 crore through repo window on April 18, while banks borrowed Rs 76740 crore via repo window and parked Rs 60 crore via reverse repo window on April 17, 2013.

The overnight borrowing rates touched a high and low of 7.60% and 7.45% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.47% on Thursday and total volume stood at Rs 44529.54 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 6.58% on Thursday and total volume stood at Rs 14408.45 crore, so far.

The indicative call rates which closed at 7.60/65% 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, so far.

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:

×