Dollar, call rate in rising mood

FE Team | Published: October 25, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
The US dollar slightly gained ground against the Bangladesh taka (BDT) Wednesday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.
The inter-bank call money also rose nominally in an active market due to some pressure caused by withdrawal of cash through reverse repurchase agreement (repo).
The exchange rate of the dollar varied between Tk 68.70 and Tk 68.71 against previous day's range of between Tk 68.69 and Tk 68.71.
The greenback, however, retained its steady level in public deals and the cash dollar was exchanged at rates varying between Tk 67.60 and Tk 69.90 repeating the previous day's range.
In the informal market, the dollar dropped and it was traded at rates varying between Tk 70.30 and Tk 70.60 against the previous day's range of between Tk 70.60 and Tk 71.00. The informal market experienced moderate demand for the dollar, money dealers said.
The inter-bank call money rate marked insignificant rise in its upper edge with withdrawal of cash through reverse repo auction.
The rate in its extreme range varied between 6.50 per cent and 10.50 per cent against the previous day's range of between 6.50 per cent and 10.00.
In most deals, the rates fluctuated between 6.50 per cent and 6.75 per cent against the previous day's range of between 6.50 per cent and 6.55 per cent, they said.