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Indian Call Rates Hit 5.35% on Strong Borrower Demand

By SivamIndian Call Rates Hit 5.35% on Strong Borrower Demand

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.
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