Call Money Rates Surge Amid Fiscal Year-End Funding Frenzy
Published on: March 30, 2026, 12:25 p.m. | Source: Devdiscourse
Call money rates hit 7% as banks increased borrowing to meet fiscal year-end liquidity needs. Despite comfortable liquidity, pressure arose due to regulatory requirements and market holiday. Rates opened at 6.85%, reaching 7%, while Tri-party repo rates peaked at 6.99%. The central bank injected Rs 50,001 crore to stabilize conditions.
