Call rate in rising mood, dollar stable

FE Report brThe inter-bank call money rate posted slight rise Monday due to high demand for cash. The US dollar, however, remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market mainly on sufficient supply of the greenback, fund managers said.brThe call rate moved between 6.50 per cent and 12.50 per cent against previous day's range of between 6.50 per cent and 12.00 per cent.brMost deals were made at rates varying between 7.50 per cent and 9.50 per cent against previous day's range of 7.00 per cent and 9.00 per cent indicating slightly higher 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 government borrowed Tk 5.00 billion Sunday through treasury bills that put some staggered pressure on liquidity. The flow of cash, however, was sufficient in the market to maintain demand-supply balance, they said. brThe dollar was stable against taka and the exchange rate of the greenback stood at Tk 68.52 maintaining previous trading day's range in the inter-bank market.brThe dollar, however, slightly fell in public deals and the cash dollar was transacted at rates varying between Tk 67.42 and Tk 69.80 against previous trading day's range of between Tk 67.42 and Tk 69.90.brIn the informal market, the dollar was mostly steady and it was mainly traded at rates varying between Tk 69.90 and Tk 70.30 against previous day's range of between 70.00 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.brIn the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 44.57 and Rs 44.60 and the Pakistani rupee between Rs 76.25 and Rs 76.70. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.4395 ringgit and 3.4410 ringgit and that against the Thai currency between 34.52 baht and 34.57 baht.brIn the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 108.57 yen and 108.59 yen, while the euro moved between 1.4222 dollar and 1.4223 dollar against the greenback.