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Call rates edges higher on Friday
Jul-01-2022

Interbank call rates, the rates at which banks borrow short-term funds from each other, were ended higher at 4.83% from its previous close of 4.75% on Thursday, as demand remained on the higher side in the first week of reporting cycle.

The overnight borrowing rates touched a high and low of 5.20% and 3.30% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 4.76% on Friday and total volume stood at Rs 162220.14 crore, so far.

As per CCIL data, WAR in the TREP (Triparty Repo) market was 4.80% on Friday total volume stood at Rs 369461.05 crore, so far.

The indicative call rates which closed at 4.75% on Thursday, 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 A gricole 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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