AMC Repo Clearing gains ground, gets Rs 160 crore in past fortnight

Sources have indicated that this increased volume is due to the participation of one large bank and some mutual funds

After a dry spell of nearly two months, AMC Repo Clearing (ARCL), which was inaugurated by Finance Minister Nirmala Sitharaman on July 28, has finally witnessed some trading activity. The limited-purpose clearing corporation is hopeful that it will gain more acceptance and plans to onboard three large corporations in the coming fortnight.

Since its launch, the response to the platform aimed at boosting liquidity in the corporate bond repo market has remained tepid. After registering trades worth Rs 480 crore on launch day, ARCL witnessed trades worth Rs 5 crore only on September 15. However, in the previous nine sessions,