Interbank call rates, the rate at which banks borrow from each other to meet their short-term fund requirements, edged higher at 9.00/9.10%, against its previous close of 8.95/9.00%, as banked preferred maintaining some liquidity into the system ahead of festive season.
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 40061 crore through repo window on October 15, 2013, while banks using LAF borrowed Rs 40501 crore through repo window and parked Rs 3 crore via reverse repo window on October 14, 2013.
The overnight borrowing rates touched a high and low of 9.10% and 9.00% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 9.04% on Tuesday and total volume stood at Rs 23898.02 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 9.00% on Tuesday and total volume stood at Rs 30885.85 crore, so far.
The indicative call rates which closed at 8.95/9.00% 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.
Source:-berkeleygains
The banks via Liquidity Adjustment Facility (LAF) borrowed Rs 40061 crore through repo window on October 15, 2013, while banks using LAF borrowed Rs 40501 crore through repo window and parked Rs 3 crore via reverse repo window on October 14, 2013.
The overnight borrowing rates touched a high and low of 9.10% and 9.00% respectively.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 9.04% on Tuesday and total volume stood at Rs 23898.02 crore, so far.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 9.00% on Tuesday and total volume stood at Rs 30885.85 crore, so far.
The indicative call rates which closed at 8.95/9.00% 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.
Source:-berkeleygains