Interbank call rates traded higher at 5.30% compared to 5.25% on Thursday as demand remained elevated on the final trading session of the two-week reporting cycle. The weighted average rate in the call money market stood at 5.20% on Friday, rising from 5.12% on the previous day.
Key Borrowing Rates and Volumes
Market activity reflected distinct rate movements across different borrowing segments during the session. The overnight borrowing rates touched a high and low of 5.30% and 4.60% respectively.
Data from the Clearing Corporation of India Limited outlines the following market metrics for Friday:
Weighted average rate in the TREP market was 5.11% with a total volume of Rs 486666.75 crore.
Weighted average rate in the Basket REPO market was 5.14% with a total volume of Rs 123464.17 crore.
Contributing Institutions
Indicative call rates closing at 5.25% on Thursday drew contributions from a wide range of financial institutions. Participating entities included 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.