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Call rates rise sharply

Overnight call rates increased sharply within the range of 11-16% on Monday, September 29. Weighted Average Rate (WAR) stood at 14.81% on September 29, as compared to 11.47% on the previous working day i.e. September 27. The total turnover of the call market rose sharply to Rs 1,12,740  million from the previous day`s Rs 12,153.6 million.The amount outstanding under the standing liquidity adjustment facility available with the RBI was Rs 67,522.2 million at 9% on September 29. The cumulative cash balance...

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