Call rate eases further, dollar stable
Wednesday, 10 June 2009
FE Report
The inter-bank call money rate eased further Tuesday despite withdrawal of cash through treasury bonds. The US dollar, however, retained stable nerve against Bangladesh taka (BDT) in the inter-bank foreign exchange market with sufficient supply of the greenback, fund managers said.
The call rate in extreme range fluctuated mainly between 0.25 per cent and 10.0 per cent against previous trading day's range of between 0.50 per cent and 10.0 per cent.
Most deals, however, were transacted at rates varying between 0.50 per cent and 0.75 per cent against previous day's range of 0.50 per cent and 1.0 per cent reflecting lower pressure on liquidity, they said.
The rate, however, moved above normal level trend in stray deals due to borrowing of cash from inter-bank market by some financial institutions at high rates to meet urgent needs of their clients. The rate in this connection mainly fluctuated between 7.0 per cent and 10.0 per cent, fund managers said.
The central bank withdrew Tk 800 million fifteen-year Bangladesh Bank Treasury bonds at an annual interest rate of 10.09 per cent that was lower than previous day's rate of 10.60 per cent.
It, on the other hand, refrained from accepting Tk 5.0 billion against reverse repurchased agreement.
The dollar was stable against taka and the exchange rate of the greenback stood at Tk 69.03 maintaining previous week's rate.
The greenback, however, dropped in public deals and the cash dollar was transacted at rates varying between Tk 67.80 and Tk 70.0 against previous trading day's range of between Tk 67.80 and Tk 70.09.
In the informal market, the dollar was steady slightly and it was traded mainly at rates varying between Tk 70.0 and Tk 70.30 against previous day's range of between Tk 70.10 and Tk 70.40. The informal market experienced steady supply of the foreign currency, money dealers said.
The exchange rate of the Indian rupee against the taka fluctuated between Tk 1.4291 and Tk 1.5145.
In the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 46.9050 and Rs 47.9050 and the Pakistani rupee between Rs 80.50 and Rs 81.0. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.4345 ringgit and 3.6079 ringgit and that against the Thai currency between 33.72 baht and 34.72 baht.
The inter-bank call money rate eased further Tuesday despite withdrawal of cash through treasury bonds. The US dollar, however, retained stable nerve against Bangladesh taka (BDT) in the inter-bank foreign exchange market with sufficient supply of the greenback, fund managers said.
The call rate in extreme range fluctuated mainly between 0.25 per cent and 10.0 per cent against previous trading day's range of between 0.50 per cent and 10.0 per cent.
Most deals, however, were transacted at rates varying between 0.50 per cent and 0.75 per cent against previous day's range of 0.50 per cent and 1.0 per cent reflecting lower pressure on liquidity, they said.
The rate, however, moved above normal level trend in stray deals due to borrowing of cash from inter-bank market by some financial institutions at high rates to meet urgent needs of their clients. The rate in this connection mainly fluctuated between 7.0 per cent and 10.0 per cent, fund managers said.
The central bank withdrew Tk 800 million fifteen-year Bangladesh Bank Treasury bonds at an annual interest rate of 10.09 per cent that was lower than previous day's rate of 10.60 per cent.
It, on the other hand, refrained from accepting Tk 5.0 billion against reverse repurchased agreement.
The dollar was stable against taka and the exchange rate of the greenback stood at Tk 69.03 maintaining previous week's rate.
The greenback, however, dropped in public deals and the cash dollar was transacted at rates varying between Tk 67.80 and Tk 70.0 against previous trading day's range of between Tk 67.80 and Tk 70.09.
In the informal market, the dollar was steady slightly and it was traded mainly at rates varying between Tk 70.0 and Tk 70.30 against previous day's range of between Tk 70.10 and Tk 70.40. The informal market experienced steady supply of the foreign currency, money dealers said.
The exchange rate of the Indian rupee against the taka fluctuated between Tk 1.4291 and Tk 1.5145.
In the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 46.9050 and Rs 47.9050 and the Pakistani rupee between Rs 80.50 and Rs 81.0. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.4345 ringgit and 3.6079 ringgit and that against the Thai currency between 33.72 baht and 34.72 baht.