Interbank call money rates were trading at 8.20%, lower from Monday’s close of 8.25/30% as supply was adequate to meet demand in the second week of the reporting fortnight. Borrowing by banks at the Reserve Bank of India's repo counter which remained substantial also kept a lid on the up move of the cash rates.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 41,780 crore through repo window on October 18, 2011. Meanwhile, banks via LAF borrowed Rs 53,655 crore through repo window and parked Rs 20 crore via reverse repo window on October 17, 2011.
The overnight borrowing rates has touched a high of 8.25% and a low of 7.50%, so far.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.20% on Monday and total volume stood at Rs 12,653.03 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 8.13% on Monday and total volume stood at Rs 63,929.45 crore, so far.
The indicative call rates which closed at 8.25/30% on Monday 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 Bank, State Bank of India, Union Bank of India, ING Vysya Bank, BNP Paribas, HDFC Bank, P&S Bank.
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: