Dollar, call rate remain unchanged
Thursday, 27 September 2007
FE Report
The US dollar was stable against the Bangladesh taka (BDT) Wednesday in the inter-bank foreign exchange market with steady demand for the greenback.
The inter-bank call money rate was also steady despite withdrawal of cash through reverse repurchase agreement (repo) in an active market, fund managers said.
The exchange rate of the dollar ranged between Tk 68.69 and Tk 68.71 following previous day's rate in the inter-bank market.
The greenback was also stable in public deals and the cash dollar was exchanged at rates varying between Tk 67.60 and Tk 69.90 maintaining the previous day's range.
In the informal market, the dollar was steady and it was traded at rates varying between Tk 71.10 and Tk 71.50 against the previous day's range of between Tk 71.00 and Tk 71.50. The informal market experienced steady demand for the dollar, money dealers said.
The exchange rate of the Indian rupee against the taka varied between Tk 1.56 and Tk 1.71.
The inter-bank call money rate was steady although the central bank withdrew cash through reverse repo.
The rate in its extreme range moved between 6.50 per cent and 10.00 per cent.
In most deals, the rates varied between 6.50 per cent and 6.65 per cent against the previous day's range of between 6.50 per cent and 6.60 per cent, they said.
Some non-banking financial institutions borrowed cash from the inter-bank market at high rates to meet urgent demands of their clients influencing the call rate to rise above normal trend in some stray deals, fund managers said.
The central bank withdrew Tk 14.34 billion from the market through revere repo auctions at an interest rate of 6.50 per cent per annum.
The US dollar was stable against the Bangladesh taka (BDT) Wednesday in the inter-bank foreign exchange market with steady demand for the greenback.
The inter-bank call money rate was also steady despite withdrawal of cash through reverse repurchase agreement (repo) in an active market, fund managers said.
The exchange rate of the dollar ranged between Tk 68.69 and Tk 68.71 following previous day's rate in the inter-bank market.
The greenback was also stable in public deals and the cash dollar was exchanged at rates varying between Tk 67.60 and Tk 69.90 maintaining the previous day's range.
In the informal market, the dollar was steady and it was traded at rates varying between Tk 71.10 and Tk 71.50 against the previous day's range of between Tk 71.00 and Tk 71.50. The informal market experienced steady demand for the dollar, money dealers said.
The exchange rate of the Indian rupee against the taka varied between Tk 1.56 and Tk 1.71.
The inter-bank call money rate was steady although the central bank withdrew cash through reverse repo.
The rate in its extreme range moved between 6.50 per cent and 10.00 per cent.
In most deals, the rates varied between 6.50 per cent and 6.65 per cent against the previous day's range of between 6.50 per cent and 6.60 per cent, they said.
Some non-banking financial institutions borrowed cash from the inter-bank market at high rates to meet urgent demands of their clients influencing the call rate to rise above normal trend in some stray deals, fund managers said.
The central bank withdrew Tk 14.34 billion from the market through revere repo auctions at an interest rate of 6.50 per cent per annum.