Call rate, dollar move on steady track

FE Report brThe inter-bank call money rate maintained steady level although the central bank injected fresh cash into the market to ease pressure on liquidity. The US dollar also remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to moderate demand for the greenback, fund managers said.brThe call rate moved between 6.50 per cent and 12.50 per cent repeating previous day's range.brMost deals were made at rates varying between 7.50 per cent and 9.00 per cent against previous day's range of 7.50 per cent and 9.50 per cent that reflected overall lower pressure on liquidity.brThe borrowing of cash by some banks and financial institutions at high rates from the inter-bank market to meet urgent needs of their clients raised the call rate above normal level in some stray deals, fund managers said.brThe central bank injected Tk 10.775 billion into the market through repurchase agreement (repo) at an annual interest rate of 8.50 per cent. It, however, withdrew Tk 1.50 billion against 15-Year Bangladesh Government Treasury Bonds at an interest rate of 12.14 per cent per annum. brThe dollar was stable against taka and the exchange rate of the greenback stood at Tk 68.52 repeating previous trading day's range in the inter-bank market.brThe dollar was also stable in public deals and the cash dollar was transacted at rates varying between Tk 67.42 and Tk 69.80 maintaining previous trading day's range.brIn the informal market, the dollar was mostly steady and it was mainly traded at rates varying between Tk 70.00 and Tk 70.20 against previous day's range of between 69.90 and Tk 70.30. The informal market experienced steady demand for the foreign currency on the day, money dealers said.brThe exchange rate of the Indian rupee against the taka continued to fluctuate between Tk 1.56 and Tk 1.77.