Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading higher at 6.74% from its previous close of 6.73% on Wednesday, as demand remained on the higher side in the first week of reporting cycle.
The overnight borrowing rates touched a high and low of 6.85% and 5.00% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 6.74% on Thursday and total volume stood at Rs 152851.19 crore, so far.
As per CCIL data, WAR in the TREP (Triparty Repo) market was 6.75% on Thursday and total volume stood at Rs 357312.15 crore, so far.
The indicative call rates which closed at 6.73% 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 A gricole Bank, IndusInd Bank, ICICI Bank, ICICI Securities, IDBI Bank, Jammu and Kashmir Bank, Punjab National Bank, RBS, Societe Generale, Standard Chartered, so far.
