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Call rate rises, dollar drops

June 12, 2007 00:00:00


FE Report
The inter-bank call money rate marked rise Monday due to recurrent pressure on liquidity caused by post- withdrawal of cash Sunday through reverse repurchase agreement (repo), treasury bills and T & T bonds on liquidity, fund managers said.
The rate moved between 8.00 per cent and 12.50 per cent against the previous day's range of between 7.50 per cent and 10.75 per cent.
The rates, however, moved between 8.00 per cent and 9.00 per cent in most deals against the previous day's range of between 7.60 per cent and 7.80 per cent, they said.
The call rate stayed above the bank rate of 5.00 per cent in all deals confirming higher than expected pressure on liquidity, fund managers said.
The central bank withdrew more than Tk 7.71 billion Sunday against reverse repo, treasury bills and T & T bonds.

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