The Inter-bank call money rates were steady at 7.70/75% from its previous close as tightness in liquidity persisted following large advance tax outflows, while demand for fund remained strong even in the second week of the reporting fortnight. Banks via Liquidity Adjustment Facility (LAF) borrowed Rs 55,400 crore through repo window on March 21, 2011. While banks via Second Liquidity Adjustment Facility (LAF) borrowed Rs 23,490 crore through repo window and parked Rs 55 crore via reverse repo window on the same day.
The overnight borrowing rates has touched a high of 7.70% and a low of 7.80%, so far.
According to the Clearing Corporation of India (CCIL), the weighted average rate (WAR) in the call money market was 7.71% on Monday and total volume stood at Rs 12,545 crore on the same day.
As per CCIL data, WAR in the CBLO (Collateralized Borrowing and Lending Obligation) market was 6.71% on Monday and total volume stood at Rs 55,609 crore on the same day.
No comments:
Post a Comment