Call money rate remains stable, US dollar unchanged
Friday, 24 July 2009
FE Report
Call money rate remained stable Thursday, while the US dollar was unchanged against the local currency in the inter-bank foreign exchange market, treasury officials said.
The call rate ranged between 0.10 per cent and 10.00 per cent on the 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 signal rate at Tk 69.06 on the day, unchanged from the previous level in the inter-bank foreign exchange market, market operators said.
"The rate of greenback has been unchanged from over a month mainly due to the central bank's continuous intervention in the market," a senior treasury official of a commercial bank told the FE.
He also said the demand of the US dollar would increase ahead of the holy month of Ramadan.
Call money rate remained stable Thursday, while the US dollar was unchanged against the local currency in the inter-bank foreign exchange market, treasury officials said.
The call rate ranged between 0.10 per cent and 10.00 per cent on the 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 signal rate at Tk 69.06 on the day, unchanged from the previous level in the inter-bank foreign exchange market, market operators said.
"The rate of greenback has been unchanged from over a month mainly due to the central bank's continuous intervention in the market," a senior treasury official of a commercial bank told the FE.
He also said the demand of the US dollar would increase ahead of the holy month of Ramadan.