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MARKET EYE-Indian cash rates around repo; banks' borrowing in line
January 22, 2013 / 10:19 AM / 5 years ago

MARKET EYE-Indian cash rates around repo; banks' borrowing in line

* India's overnight cash rates steady at 8.05/8.10
percent versus 8.00/8.10 percent Monday close. 
* Banks' borrowing from the central bank's repo window falls to
851 billion rupees, marginally above the Reserve Bank of India's
comfort level of deficit, but still below the psychological 1
trillion rupee mark. 
* Total inflows due to redemptions and interest payments at
219.94 billion rupees for the week ended Jan. 19.
 
* Absence of any government bond sale in the week likely to keep
a lid on liquidity deficit. 
* Total volume on the central bank's electronic trading platform
stands at 105.31 billion rupees at a weighted average rate of
8.07 percent while that in the CBLO market stands at 539.23
billion rupees at a weighted average rate of 7.94 percent.

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)

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