Call rates remains unchanged on Thursday

Interbank call money rates were trading steady at 8.25/30% as supply remained adequate to meet demand with month-end government spending expected to improve supply strained by corporate advance tax payments earlier this month. Advance taxes are part of annual estimated corporate and income tax liabilities that are paid in four instalments on the 15th day of the last month of every quarter starting March 15th 

The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 95015 crore through repo window on September 29, 2011. Meanwhile, the banks via LAF borrowed Rs 65180 crore through repo window and parked Rs 135 crore via reverse repo window on September 27, 2011.

The overnight borrowing rates has touched a high of 8.35% and a low of 8.20%, so far.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 8.23% on Wednesday and total volume stood at Rs 13206.02 crore.

As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 8.24% on Wednesday and total volume stood at Rs 56256.20 crore.