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Call Rates Edge Up to 5.00% on Reporting Cycle Demand

By ThePip DeskCall Rates Edge Up to 5.00% on Reporting Cycle Demand

Interbank call rates rose to 5.00% from 4.85% as borrowing demand increased during the second week of the reporting cycle. Read the latest market update.

Interbank call rates traded higher at 5.00% on Monday, up from 4.85% on Thursday, driven by good demand from borrowing banks entering the second week of the reporting cycle.

Key Rate Movements

  • Call rate trading level: 5.00% compared to 4.85% on Thursday.
  • Weighted average rate in call money market: 5.11% on Monday compared to 4.94% on Thursday.
  • Overnight borrowing rates high: 5.25%.
  • Overnight borrowing rates low: 4.30%.

CCIL data indicates the weighted average rate in the TREP market stood at 5.09% on Monday with a total volume of Rs 493307.35 crore.

Market Volumes and Segments

  • TREP market total volume: Rs 493307.35 crore.
  • Basket REPO market weighted average rate: 5.14% on Monday.
  • Basket REPO market total volume: Rs 119643.77 crore.

Indicative call rates closing at 4.85% on Thursday included contributions 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, and Standard Chartered.

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