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Call rates edge higher on Thursday
Apr-18-2019

Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading higher at 6.06% from its previous close of 6.04% on Tuesday, as banks preferred borrowing for their product requirement in the first week of fresh reporting cycle.

The overnight borrowing rates touched a high and low of 6.16% and 4.40% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 5.84% on Thursday and total volume stood at Rs 48025.29 crore, so far.

As per CCIL data, WAR in the TREP (Triparty Repo) market was 5.98% on Thursday total volume stood at Rs 129548.20 crore, so far.

The indicative call rates which closed at 6.04% on Tuesday, 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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