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Call rates edge lower on Tuesday
Sep-15-2020

Interbank call rates, the rates at which banks borrow short-term funds from each other, were trading lower at 3.41% from its previous close of 3.43% on Monday, as demand eased in the first week of the reporting cycle.

The overnight borrowing rates touched a high and low of 4.05% and 1.80% respectively.

According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was at 3.16% on Tuesday and total volume stood at Rs 88768.49 crore, so far.

As per CCIL data, WAR in the TREP (Triparty Repo) market was 3.21% on Tuesday total volume stood at Rs 167057.80  crore, so far.

The indicative call rates which closed at 3.43% 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.

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