Dollar stable, call rate unchanged

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FE Report
The US dollar was stable against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market with steady demand for the greenback, fund managers said.
The inter-bank call money rate was also steady in an active market despite withdrawal of cash through reverse repurchase agreement (repo), Bangladesh Government Treasury (BGT) bonds and Bangladesh Bank (BB) bills.
The exchange rate of the dollar varied between Tk 68.69 and Tk 68.71 maintaining previous day's range.
The greenback also remained 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 remained steady and it was traded at rates varying between Tk 70.60 and Tk 71.00 maintaining the previous day's range. The informal market experienced moderate demand for the dollar.
The inter-bank call money rate remained unchanged ignoring withdrawal of cash through bills and bonds.
The rate in its extreme range varied between 6.50 per cent and 10.00 per cent maintaining the previous day's range.
In most deals, the rates fluctuated between 6.50 per cent and 6.55 per cent against the previous day's range of between 6.50 per cent and 6.60 per cent, they said.
Some non-banking financial institutions borrowed cash from the inter-bank market in some stray deals at high rates to meet urgent demands of their clients raising the call rate above normal trend.