FE Report
The US dollar remained unchanged against the Bangladesh taka (BDT) Thursday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.
The exchange rate of the dollar stood at Tk 68.70 against the previous day's range of between Tk 68.69 and Tk 68.70 in the inter-bank foreign exchange market.
The dollar was also stable in public deals and the cash dollar was transacted at rates varying between Tk 67.55 and Tk 69.90 repeating the previous day's range.
In the informal market, the dollar maintained its steady level and it was traded at rates varying between Tk 72.00 and Tk 72.40 in the informal market against the previous day's range of between Tk 72.10 and Tk 72.40. The informal market experienced some pressure on demand for the greenback, money dealers said.
The inter-bank call money rate marked its steady level on the day in an active market despite withdrawal of cash through reverse repurchase agreement (repo).
The call rate in its extreme range moved between 6.50 per cent and 10.00 per cent maintaining the previous day's range.
In most deals, the rates, however, moved 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.
The call rate, however, rose 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.
Dollar unchanged, call rate steady
FE Team | Published: September 07, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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