Call rate unchanged, dollar appears soft
FE Report | Wednesday, 25 February 2009
The inter-bank call money rate remained mostly unchanged Tuesday despite withdrawal of cash through reverse repurchase agreement (repo) and treasury bonds. The US dollar was, however, slightly soft 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 moved mainly between 8.0 per cent and 12.0 per cent maintaining previous trading day's range.
Most deals were, however, made at rates varying between 8.0 per cent and 9.00 per cent against previous day's range of 8.0 per cent and 8.75 per cent indicating almost steady pressure on liquidity, they said.
The dollar weakened against taka due to comfortable supply position. The exchange rate of the dollar stood at Tk 68.90 against previous trading day's range of between Tk 68.90 and Tk 68.93.
The greenback, however, was steady in public deals and the cash dollar was transacted at rates varying between Tk 67.80 and Tk 70.85 maintaining previous trading day's range.
The call rate in extreme range moved mainly between 8.0 per cent and 12.0 per cent maintaining previous trading day's range.
Most deals were, however, made at rates varying between 8.0 per cent and 9.00 per cent against previous day's range of 8.0 per cent and 8.75 per cent indicating almost steady pressure on liquidity, they said.
The dollar weakened against taka due to comfortable supply position. The exchange rate of the dollar stood at Tk 68.90 against previous trading day's range of between Tk 68.90 and Tk 68.93.
The greenback, however, was steady in public deals and the cash dollar was transacted at rates varying between Tk 67.80 and Tk 70.85 maintaining previous trading day's range.