SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Call rates gyrate above RBI’s repo rate in the second week of reporting cycle

28 Nov 2011 Evaluate

Interbank call money rates edged little higher in the second week of reporting fortnight at 8.65/70%, from its previous close of 8.60/65% on stable demand. Rate had closed at 8.60/8.65% on Saturday in an illiquid market. Demand, which usually recedes in the second week of reporting cycle, has remained stable on account of strain in the banking system, which is currently being pressured by heavy government bond supply and banks' need for meeting cash reserve requirements on additional deposit growth.

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 89,995 crore through repo window on November 28, 2011. While, banks using LAF borrowed Rs 98,775 crore through repo window  and parked Rs 15 crore via reverse repo on November 25, 2011.

The overnight borrowing rates has touched a high of 8.75% and a low of 8.00%, so far.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.56% on Monday and total volume stood at Rs 99,34.53 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 8.54% on Monday and total volume stood at Rs 20,162.30 crore, so far.

The indicative call rates which closed at 8.60/65% 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 Bank, State Bank of India, Union Bank of India, ING Vysya Bank, BNP Paribas, HDFC Bank, P&S Bank.

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:

×