Call money rate unchanged
Friday, 3 September 2010
FE Report
The inter-bank call money remained almost unchanged Thursday as Bangladesh Bank (BB) has been injecting fresh fund continuously into the market, treasury officials said.
The call rate ranged between 4.50 per cent and 5.75 per cent on the day against 4.00-6.00 per cent on the previous working day.
However, most of the deals were settled at rates varying between 5.00 per cent and 5.50 per cent, the market operators confirmed.
The central bank continued its liquidity support to the banks and non-banking financial institutions (NBFIs) to ease the cash money demand in the market during the Ramadan and Eid-ul Fitr.
As part of the move, the BB injected fresh funds worth Tk 11.19 billion at 5.50 per cent on the day through auction of repurchase agreement (repo) and special liquidity support to the primary dealers (PDs).
The central bank of Bangladesh earlier selected 15 PDs - 12 banks and three NBFIs - to handle government securities in the secondary market.
On Tuesday, the central bank injected funds worth Tk 6.79 billion using same mechanisms, the BB officials added.
On the other hand, the US dollar was stable against the local currency in the inter-bank foreign exchange market due mainly to a low demand for the greenback.
The US dollar was quoted at Tk 69.5800-Tk 69.6000 in the inter-bank foreign exchange market Thursday, unchanged from that of the previous working day, the BB data showed.
The inter-bank call money remained almost unchanged Thursday as Bangladesh Bank (BB) has been injecting fresh fund continuously into the market, treasury officials said.
The call rate ranged between 4.50 per cent and 5.75 per cent on the day against 4.00-6.00 per cent on the previous working day.
However, most of the deals were settled at rates varying between 5.00 per cent and 5.50 per cent, the market operators confirmed.
The central bank continued its liquidity support to the banks and non-banking financial institutions (NBFIs) to ease the cash money demand in the market during the Ramadan and Eid-ul Fitr.
As part of the move, the BB injected fresh funds worth Tk 11.19 billion at 5.50 per cent on the day through auction of repurchase agreement (repo) and special liquidity support to the primary dealers (PDs).
The central bank of Bangladesh earlier selected 15 PDs - 12 banks and three NBFIs - to handle government securities in the secondary market.
On Tuesday, the central bank injected funds worth Tk 6.79 billion using same mechanisms, the BB officials added.
On the other hand, the US dollar was stable against the local currency in the inter-bank foreign exchange market due mainly to a low demand for the greenback.
The US dollar was quoted at Tk 69.5800-Tk 69.6000 in the inter-bank foreign exchange market Thursday, unchanged from that of the previous working day, the BB data showed.