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Banks Make the Most of TREPS, SDF Arbitrage
Business Standard
|June 03, 2025
Banks have been borrowing heavily from the Tri-Party Repo (TREPS) market and deploying those funds into the Standing Deposit Facility (SDF) of the Reserve Bank of India (RBI), which is offering a higher interest rate than the former, leading to increased volumes in the SDF window.
The weighted average TREPS rate was trading at 5.66 per cent on Monday, 9 basis points lower than the SDF rate, which currently stands at 5.75 per cent.
The SDF window, which came into effect from April 2022, offers 25 bps lower than the policy repo rate. In the overnight market, volumes in TREPS are much higher than in the call money market.
Banks borrowed over ₹4 trillion from TREPS on Monday.
This story is from the June 03, 2025 edition of Business Standard.
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