FE Report
The US dollar marked slight gain against the Bangladesh taka (BDT) Wednesday in the interbank foreign exchange market despite stable demand for the greenback, fund managers said.
The exchange rate of the dollar against the BDT ranged between Tk 69.00 and Tk 69.08 against the previous day's range of between Tk 69.00 and Tk 69.06 in the inter-bank foreign exchange market.
The dollar was stable in public deals. The cash dollar in public deals was transacted at rates varying between Tk 67.10 and Tk 69.90 maintaining previous day's range.
In the informal market, the dollar maintained its steady level and it was traded at rates varying between Tk 70.70 and Tk 70.90 in the informal market against the previous day's range of between Tk 70.60 and Tk 70.90. The demand for the greenback was higher in the informal market, 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 rates of the dollar against the Indian rupee fluctuated between Rs 40.56 and Rs 40.57 and the Pakistani rupee between Rs 60.61 and Rs 60.69.
Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.4145 ringgit and 3.4175 ringgit, and that against the Thai currency between 34.46 baht and 34.49 baht.
In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 121.17 yen and 121.20 yen, while the euro moved between 1.3503 dollar and 1.3504 dollar against the greenback.
The inter-bank call money rate rose slightly on the day due to higher demand for cash in an active market, bills and bonds, fund managers said.
The rate moved between 7.00 per cent and 10.00 per cent against the previous day's range of between 6.90 per cent and 10.00 per cent.
The rates, however, moved between 7.00 per cent and 7.50 per cent in most deals against the previous day's range of between 7.00 per cent and 7.40 per cent, they 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.