Call money rate eases slightly

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FE Report
The call money rate eased slightly Wednesday as the central bank injected fresh fund into the market, treasury officials said.
"The existing call money rate may continue in the near future," a senior treasury official of a commercial bank told the FE without elaborating.
The call rate ranged between 7.00 per cent and 8.00 per cent Wednesday against 6.50-9.75 per cent on the previous working day.
However, most of the deals were settled at rates varying between 7.50 per cent and 8.00 per cent, the market operators confirmed.
The central bank has continued providing liquidity support to the banks and non-banking financial institutions (NBFIs) to ease the cash money demand in the market during the holy month of Ramadan.
As part of the plan, the BB injected fresh funds worth Tk 14.17 billion at 4.50 per cent Wednesday through auction of repurchase agreement (repo) and special liquidity support to the primary dealers.
On the other hand, the US dollar remained almost unchanged against Bangladesh Taka (BDT) in the inter-bank foreign exchange market due mainly to a low demand for the greenback.
The US dollar was quoted at Tk 69.5400 in the inter-bank foreign exchange market Wednesday against Tk 69.5000 on the previous working day, the BB data showed.