6 july,2009
Call rates steadied in the 3.20-3.30% range through the week, with ample liquidity in
the banking system enabling traders to meet their funding needs with ease.
Rates rose faintly earlier in the week, apparently due to an increase in borrowing by
mutual funds to meet quarter-end redemption. Also, the RBI staff holiday on
Wednesday possibly caused mild increase, according to traders, with money having
been lent for two days in the previous day. At LAF, the amount absorbed by RBI
dropped below Rs 1 trillion for the first time since April 4, showing that banks were
reluctant to lend in the call money. The weekly average amount absorbed by the bank
through LAF reverse-repo auction was Rs 111,101 crore.
Source:http://economictimes.indiatimes.com/Markets/Money-Markets/Re-may-hold-in-
sub-48-for-short-term-calls-to-stay-steady/articleshow/4742375.cms
Call rates steadied in the 3.20-3.30% range through the week, with ample liquidity in
the banking system enabling traders to meet their funding needs with ease.
Rates rose faintly earlier in the week, apparently due to an increase in borrowing by
mutual funds to meet quarter-end redemption. Also, the RBI staff holiday on
Wednesday possibly caused mild increase, according to traders, with money having
been lent for two days in the previous day. At LAF, the amount absorbed by RBI
dropped below Rs 1 trillion for the first time since April 4, showing that banks were
reluctant to lend in the call money. The weekly average amount absorbed by the bank
through LAF reverse-repo auction was Rs 111,101 crore.
Source:http://economictimes.indiatimes.com/Markets/Money-Markets/Re-may-hold-in-
sub-48-for-short-term-calls-to-stay-steady/articleshow/4742375.cms
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