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Call rates edge lower with start of new reporting fortnight
Dec-10-2018

Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading lower at 6.39% from its previous close of 6.41% on Friday, as demand eased with the start of the new reporting fortnight. However, the rates could edge higher in the coming days as banks preferred borrowing for their product requirement in the first week of two week reporting cycle.

The overnight borrowing rates touched a high and low of 6.55% and 5.00% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 6.46% on Monday and total volume stood at Rs 51661.54 crore, so far.

As per CCIL data, WAR in the TREP (Triparty Repo) market was 6.46% on Monday total volume stood at Rs 163644.80 crore, so far.

The indicative call rates which closed at 6.41% on Friday, 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.

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