HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Call rates edge higher with start of new reporting cycle
Jun-24-2019

Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading higher at 5.79% from its previous close of 5.78% on Friday as demand edged higher with the start of the new reporting cycle.

The overnight borrowing rates touched a high and low of 5.90% and 4.40% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 5.62% on Monday and total volume stood at Rs 59809.21 crore, so far.

As per CCIL data, WAR in the TREP (Triparty Repo) market was 5.52% on Monday total volume stood at Rs 157328.50 crore, so far.

The indicative call rates which closed at 5.78% 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.

  RELATED NEWS >>