Indian overnight cash rates were stable in afternoon trades on Thursday as the majority of banks met requirement by the central bank's repo borrowing window. Liquidity is predictable to get tilted next week, subsequent payment of Coal India IPO carry on to the not many banks positioning the subject. A small number of banks organizing the IPO shall collect all the money, benefit from the float for a moment.

They shall put in their money in extra instruments. So, in general liquidity won't be very tight, but skewed. Call rates shall increase," expressed by a dealer with a foreign bank.

The one-day inter-bank cash was at 6.35/40 % from Wednesday's close up of 6.40/45 %. Banks borrowed 690.30 billion rupees by the central bank's repo window on Thursday in contrast with 715.75 billion on Wednesday.

One bank put in 50 million rupees at the central bank's reverse repo window. State-owned Coal India is all ready to open its early public offering on Monday, to increase up to $3.5 billion.

The IPO shall be leading to an outflow of approximately 150 billion rupees to the administration.