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South Korea's Overnight Call Rate at 2.702% as Market Liquidity Tightens on July 28

GateNews
Forex

According to Yonhapinfomax, South Korea's overnight call market rate stood at 2.702% on July 28, with trading volume reaching 22.3 trillion won. The previous trading day saw a reserve fund surplus of 79.9 trillion won.

Market conditions are expected to shift as approximately 11 trillion won in government surplus funds are projected to flow into the repo market on July 29, likely intensifying liquidity surplus and driving lower-cost financing rates.

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