Call rate rises, dollar eases

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FE Report
The inter-bank call money rate marked sharp rise Thursday due to higher demand for cash. The US dollar, however, eased on sufficient supply of the greenback in the inter-bank foreign exchange market, fund managers said.
The call rate rose to day's high at 17.00 per cent, while the lowest rate stood at 8.50 per cent against previous day's range of between 8.00 per cent and 12.50 per cent.
In most deals, the rate, however, fluctuated between 9.00 per cent and 12.00 per cent against previous day's range of between 8.50 per cent and 9.50 per cent indicating stronger pressure on liquidity.
Some banks and financial institutions borrowed cash from the inter-bank market to meet urgent demands of their clients exerting strong pressure on liquidity, fund managers said.
The US dollar, however, eased slightly against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of moderate demand for the greenback, they said.
The exchange rate of the dollar stood at Tk 68.60 against previous day's range of between Tk 68.58 and Tk 68.60 in the inter-bank market.
The dollar was, however, stable in public deals and it was transacted at rates varying between Tk 67.2263 and Tk 69.50 maintaining previous trading day's range.
In the informal market, the dollar remained mostly steady and it was traded at rates vary ing between Tk 67.70 and Tk 68.30 against previous day's range of between Tk 67.80 and Tk 68.30.