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Home/Editorial/Indian Call Rates Hit 5.35% on Strong Bo…

Indian Call Rates Hit 5.35% on Strong Borrower Demand

Editorial
By ThePip Desk•
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An Indian financial trader sits at a desk with four monitors displaying financial charts and data. Other traders are visible in the background.

Trader monitors market data on multiple screens at an Indian financial trading floor.

Key Highlights

Indian interbank call rates climbed to 5.35% due to robust demand from banks needing short-term funds, impacting the call money and TREP markets.

Indian Call Rates Edge Higher

Interbank call rates in India saw an uptick on Thursday, rising to 5.35% from 5.30% on Wednesday. This increase was driven by strong demand from borrowing banks during the penultimate session of the two-week reporting cycle.

Key Market Figures

  • The weighted average rate (WAR) in the call money market reached 5.36% on Thursday, a slight increase from 5.35% the previous day.
  • Overnight borrowing rates fluctuated significantly, touching a high of 5.45% and a low of 4.20%.
  • According to CCIL data, the WAR in the TREP (Triparty Repo) market was 5.07% on Thursday.
  • The total volume in the TREP market amounted to Rs 457619.90 crore.
CCILIndia