Interbank call rates were trading unchanged at its previous close of 7.20/30% on Monday, as bank’s borrowing remained more or less stable despite being the start of fresh reporting cycle amidst comfortable liquidity condition on account of some government spending. State-run oil marketing companies reportedly are expected to have received a first tranche of about Rs 7000 crore as part of a cash subsidy payout for the January-March period.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 66845 crore through repo window on June 18, 2013, while bank’s using LAF facility borrowed Rs 71340 crore via repo window and parked Rs 5 crore via reverse repo window on June 17, 2013.
The overnight borrowing rates touched a high and low of 7.35% and 7.25% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.22% on Tuesday and total volume stood at Rs 27324.69 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 7.21% on Tuesday and total volume stood at Rs 61615.55 crore, so far.
The indicative call rates which closed at 7.20/30% 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, so far.
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