Dollar gains ground, call rate steady

---

FE Report
The US dollar gained ground against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with moderate demand for the greenback, fund managers said.
The market was active due to trading in the international market.
The inter-bank call money rate was also steady despite withdrawal of cash through reverse repurchase agreement (repo).
The exchange rate of the dollar ranged between Tk 68.68 and Tk 68.71 against previous day's range of between Tk 68.63 and Tk 68.71.
The greenback was steady in public deals and the cash dollar was exchanged at rates varying between Tk 67.60 and Tk 69.90 maintaining the previous day's range.
In the informal market, the dollar appeared weaker and it was traded at rates varying between Tk 70.50 and Tk 71.00 against the previous day's range of between Tk 70.60 and Tk 71.00. The informal market experienced steady demand for the dollar, money dealers said.
The exchange rate of the Indian rupee against the taka varied between Tk 1.56 and Tk 1.71.
In the regional market, the exchange rate of the dollar against the Indian rupee moved between Rs 39.38 and Rs 39.40 and the Pakistani rupee between Rs 60.73 and Rs 60.75. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.3860 ringgit and 3.3895 ringgit, and that against the Thai currency between 34.20 baht and 34.22 baht.
In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 117.42 yen and 117.45 yen, while the euro moved between 1.4088 dollar and 1.4089 dollar against the greenback.
As on October 08, the London Inter-bank Offered Rates (LIBOR) against the US dollar were 5.12190 per cent for one month, 5.24310 per cent for three months, 5.17500 per cent for six months, 4.95120 per cent for nine months and 4.90120 per cent for twelve months.
The inter-bank call money rate remained unchanged in an active market.
The rate in its extreme range moved between 6.50 per cent and 10.00 per cent repeating to previous day's range.
In most deals, the rates fluctuated between 6.50 per cent and 6.60 per cent against the previous day's range of between 6.50 per cent and 6.65 per cent, they said.
The call rate was above normal trend in some stray deals, as some non-banking financial institutions borrowed cash from the inter-bank market at high rates to meet urgent demands of their clients, fund managers said.
The call rate moved above the bank rate of 5.00 per cent in all deals indicating higher than expected pressure on liquidity, fund managers said.
The central bank withdrew Tk 14.21 billion through reverse repo at an interest rate of 6.50 per cent per annum.