Call rates remains flat on Thursday

Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading flat from its previous close of 6.41% on Wednesday, as demand stayed firm in the first week of the reporting fortnight.

The banks via Liquidity Adjustment Facility (LAF): Fixed Rate Repo Operations borrowed Rs 9976 crore via three days repo window on May 19, 2016, while they borrowed Rs 5281 crore via repo window and parked Rs 3944 crore via reverse repo window on May 18, 2016

The overnight borrowing rates touched a high and low of 6.65% and 5.40% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 6.43% on Wednesday and total volume stood at Rs 34335.18 crore, so far.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 6.49% on Wednesday and total volume stood at Rs 83483.05 crore, so far.

The indicative call rates which closed 6.41% 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