Dollar eases, call rate unchanged
Monday, 5 November 2007
FE Report
The US dollar opened the week with a losing nerve against the Bangladesh taka (BDT) Sunday with stable demand for the greenback in the inter-bank foreign exchange market, fund managers said.
The market was moderately active because of weekend in the international market.
The inter-bank call money rate, however, was steady despite withdrawal of cash through reverse repurchase agreement (repo) and treasury bills.
The exchange rate of the dollar varied between Tk 68.64 and Tk 68.65 against previous day's range of Tk 68.65 and Tk 68.66.
The greenback appeared stable in public deals and the cash dollar was exchanged at rates varying between Tk 67.42 and Tk 69.90 maintaining the previous day's range.
In the informal market, the dollar, however, was also steady and it was traded at rates varying between Tk 70.10 and Tk 70.40 against the previous day's range of between Tk 70.20 and Tk 70.40. The informal market experienced moderate demand for the dollar, money dealers said.
The exchange rate of the Indian rupee against the taka fluctuated between Tk 1.56 and Tk 1.71.
The inter-bank call money rate was steady. The rate in its extreme range fluctuated between 6.50 per cent and 10.00 per cent maintaining the previous day's range.
In most deals, the rates moved between 6.50 per cent and 6.55 per cent against the previous day's range of between 6.50 per cent and 6.60 per cent, they said.
The US dollar opened the week with a losing nerve against the Bangladesh taka (BDT) Sunday with stable demand for the greenback in the inter-bank foreign exchange market, fund managers said.
The market was moderately active because of weekend in the international market.
The inter-bank call money rate, however, was steady despite withdrawal of cash through reverse repurchase agreement (repo) and treasury bills.
The exchange rate of the dollar varied between Tk 68.64 and Tk 68.65 against previous day's range of Tk 68.65 and Tk 68.66.
The greenback appeared stable in public deals and the cash dollar was exchanged at rates varying between Tk 67.42 and Tk 69.90 maintaining the previous day's range.
In the informal market, the dollar, however, was also steady and it was traded at rates varying between Tk 70.10 and Tk 70.40 against the previous day's range of between Tk 70.20 and Tk 70.40. The informal market experienced moderate demand for the dollar, money dealers said.
The exchange rate of the Indian rupee against the taka fluctuated between Tk 1.56 and Tk 1.71.
The inter-bank call money rate was steady. The rate in its extreme range fluctuated between 6.50 per cent and 10.00 per cent maintaining the previous day's range.
In most deals, the rates moved between 6.50 per cent and 6.55 per cent against the previous day's range of between 6.50 per cent and 6.60 per cent, they said.