Call rate, dollar maintain stable levels
Monday, 22 September 2008
FE Report
The inter-bank call money rate remained mostly steady Sunday despite withdrawal of cash through treasury bills, as the central bank injected fresh fund into the market. The US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market with moderate demand for the greenback, fund managers said.
The call rate mainly moved between 8.00 per cent and 16.00 per cent repeating previous day's range.
Most deals were, however, made at rates varying between 10.00 per cent and 12.00 per cent against previous day's range of 12.00 per cent and 15.00 per cent indicating lower pressure on liquidity.
The central bank injected fresh cash of Tk 6.175 billion through repurchase agreement (repo) at an annual interest rate of 8.75 per cent to impart liquidity support.
On the other hand, the goverenment borrowed Tk 5.00 billion through auctions of treasury bills causing pressure on liquidity.
The dollar was stable against taka and the exchange rate of the greenback moved between Tk 68.51 and Tk 68.52 maintaining previous trading day's range in the inter-bank market.
The market was moderately active due to weekend in the international market.
The dollar also remained steady in public deals and the cash dollar was transacted at rates varying between Tk 67.46 and Tk 69.80 against previous trading day's range of between Tk 67.47 and Tk 69.80.
In the informal market, the dollar was mostly steady and it was mainly traded at rates varying between Tk 70.00 and Tk 70.25 against previous day's range of between Tk 70.00 and Tk 70.30. The informal market experienced slightly higher demand for the foreign currency on the day, money dealers said.
The exchange rate of the Indian rupee against the taka continued to fluctuate between Tk 1.56 and Tk 1.77.
The inter-bank call money rate remained mostly steady Sunday despite withdrawal of cash through treasury bills, as the central bank injected fresh fund into the market. The US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market with moderate demand for the greenback, fund managers said.
The call rate mainly moved between 8.00 per cent and 16.00 per cent repeating previous day's range.
Most deals were, however, made at rates varying between 10.00 per cent and 12.00 per cent against previous day's range of 12.00 per cent and 15.00 per cent indicating lower pressure on liquidity.
The central bank injected fresh cash of Tk 6.175 billion through repurchase agreement (repo) at an annual interest rate of 8.75 per cent to impart liquidity support.
On the other hand, the goverenment borrowed Tk 5.00 billion through auctions of treasury bills causing pressure on liquidity.
The dollar was stable against taka and the exchange rate of the greenback moved between Tk 68.51 and Tk 68.52 maintaining previous trading day's range in the inter-bank market.
The market was moderately active due to weekend in the international market.
The dollar also remained steady in public deals and the cash dollar was transacted at rates varying between Tk 67.46 and Tk 69.80 against previous trading day's range of between Tk 67.47 and Tk 69.80.
In the informal market, the dollar was mostly steady and it was mainly traded at rates varying between Tk 70.00 and Tk 70.25 against previous day's range of between Tk 70.00 and Tk 70.30. The informal market experienced slightly higher demand for the foreign currency on the day, money dealers said.
The exchange rate of the Indian rupee against the taka continued to fluctuate between Tk 1.56 and Tk 1.77.