Dollar soft, call rate steady

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FE Report
The US dollar closed the new fiscal year's debut trading with a soft face against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market. The market was moderately active due to weekend in the international market, fund managers said.
The exchange rate of the dollar against the BDT varied between Tk 68.75 and Tk 68.82 against the previous day's range of between Tk 68.80 and Tk 68.85 in the inter-bank foreign exchange market.
The major transactions were made at the rates ranging between Tk 68.75 and Tk 68.80 against previous week's rate at Tk 68.80 in the inter-bank market, they said.
The dollar, however, retained its strength in public deals. The cash dollar was transacted at rates varying between Tk 67.05 and Tk 69.90 maintaining previous day's range.
The inter-bank call money rate marked steady trend with downward bias on the day due to steady demand for cash, fund managers said.
The withdrawal of cash through reverse repurchase agreement (repo) left negligible impact on the market behaviour.
The rate moved between 6.50 per cent and 10.25 per cent against the previous day's range of between 6.50 per cent and 10.50 per cent.
The rates, however, fluctuated between 6.55 per cent and 6.60 per cent in most deals against the previous day's range of between 6.50 per cent and 6.60 per cent, they said.