Surplus Liquidity pushes WACR to 6.16%, 9 bps less than repo rate

Weight average Call Late (WACR), which indicates the cost of taking OROW’s overnight OROW, which is closed at 6.16% on Monday, due to surplus liquidity status in the banking system, nine basis points below. The last day was a Call L rate of 77.77777%, and was slightly less than normal since it was reporting on Friday.

WACR is relaxed when the liquidity position in the banking system is in surplus mode. On April 6, System Liquidity Rs. There was a surplus of 1.6 lakh crore, the latest RBI shows data, and was also in a comfortable surplus on April, traders said.

The 10 -year benchmark government security yield is closed at 6.48%, which is 2 basis points from its previous close, which is sold in Indian stocks and bonds, traders said.

Traders are now focusing on the assumption of the Reserve Bank’s monetary policy decision on Wednesday to give more indication on the interest rate route. According to the ET poll, the RBI is expected to reduce the rate by 25 basis points, while according to economists, lightly cautioned Dovish and uncertain global environment. Organizations also split in the middle if the RBI replaces its attitude to neutral.