Call money rate moves slightly
Tuesday, 4 August 2009
FE Report
The call money rate moved slightly Monday while the US dollar remained unchanged against the local currency in the inter-bank market, treasury officials said.
The call rate ranged between 0.10 per cent and 3.25 per cent on the day against 0.05 per cent and 3.50 per cent of the previous working day. But most of the deals were made at rates between 0.10 per cent and 0.15 per cent on the day, they added.
The US dollar remained unchanged against Bangladesh Taka (BDT) due mainly to low demand of the greenback in the inter-bank foreign exchange market.
The banks quoted the dollar single rate at Tk 69.06 on the day unchanged from the previous level in the inter-bank foreign exchange market, market operators said.
The central bank has continued its intervention in the foreign exchange market through buying the US dollar from the commercial banks directly aiming to keep the market stable.
As part of the move, the Bangladesh Bank (BB) purchased US$20 million from different commercial banks Monday, the central bank officials said.
The central bank bought $499 million from the commercial banks from July 2 to August 3 as part of its intervention in the market, they confirmed.
The call money rate moved slightly Monday while the US dollar remained unchanged against the local currency in the inter-bank market, treasury officials said.
The call rate ranged between 0.10 per cent and 3.25 per cent on the day against 0.05 per cent and 3.50 per cent of the previous working day. But most of the deals were made at rates between 0.10 per cent and 0.15 per cent on the day, they added.
The US dollar remained unchanged against Bangladesh Taka (BDT) due mainly to low demand of the greenback in the inter-bank foreign exchange market.
The banks quoted the dollar single rate at Tk 69.06 on the day unchanged from the previous level in the inter-bank foreign exchange market, market operators said.
The central bank has continued its intervention in the foreign exchange market through buying the US dollar from the commercial banks directly aiming to keep the market stable.
As part of the move, the Bangladesh Bank (BB) purchased US$20 million from different commercial banks Monday, the central bank officials said.
The central bank bought $499 million from the commercial banks from July 2 to August 3 as part of its intervention in the market, they confirmed.