Overnight call rates increased within the range of 4.50-9.50% on Saturday, October 25. Weighted Average Rate (WAR) stood at 8.56% on October 25, as compared to 5.81% on the previous working day i.e. October 24. The total turnover of the call market increased sharply to Rs 21,810.8 million from the previous day`s Rs 2,844.1 million.
The amount outstanding under the standing liquidity adjustment facility available with the RBI was Rs 28,890 million at 8%-9% on October 25. The cumulative cash balance of the scheduled commercial banks with RBI stood at Rs 33,645.58 billion as on October 23.
Money Market Operations on October 25, 2008
(Amounts in Rupees million, Rate & Range in Per cent)
|
MONEY MARKETS |
Volume
(One Leg) |
Weighted
Average Rate |
Range |
|
A. |
Overnight Segment (I+II+III) |
45,933.8 |
8.42 |
4.50-9.50 |
|
I. Call Money |
21,810.8 |
8.56 |
4.50-9.50 |
|
II. CBLO |
23,838 |
8.28 |
7.50-9.00 |
|
III. Market Repo |
285 |
8.49 |
8.49-8.49 |
|
B. |
Notice and Term Money Segment |
|
|
|
|
I. Notice Money |
- |
- |
- |
|
II. Term Money |
- |
- |
- |
According to the Reserve Bank of India`s (RBI) report on money market operations released on October 27, term money transactions and notice money operations remained suspended on October 25.
Further, the 1-day collaterized borrowing and lending obligation (CBLO) operations on October 25 stood at Rs 23,838 million with WAR at 8.28% within the range of 7.50-9.00%. On the same day, transactions of 1-day market repos fetched Rs 285 million, with WAR at 8.49%, within the interest range of 8.49-8.49%. |
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