Dollar gains, call rate unchanged
Wednesday, 27 June 2007
FE Report
The US dollar gained slightly against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market, as the demand for the greenback was higher, fund managers said.
The exchange rate of the dollar against the BDT ranged between Tk 68.99 and Tk 69.10 against the previous day's range of between Tk 68.97 and Tk 69.08 in the inter-bank foreign exchange market.
The major transactions were made at rates varying between Tk 69.00 and Tk 69.05 against previous week's range of between Tk 68.90 and Tk 68.95 in the inter-bank market, they said.
The dollar, however, was stable in public deals. The cash dollar in public deals was transacted at rates varying between Tk 67.15 and Tk 69.90.
In the informal market, the dollar was steady and it was traded at rates varying between Tk 70.70 and Tk 71.00 in the informal market against the previous day's range of between Tk 70.80 and Tk 71.00. The demand for the greenback was higher in the informal market, money dealers said.
The inter-bank call money rate, however, remained unchanged on the day despite withdrawal of cash through reverse repurchase agreement (repo), fund managers said.
The rate moved between 6.50 per cent and 10.75 per cent coinciding with the previous day's range.
The US dollar gained slightly against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market, as the demand for the greenback was higher, fund managers said.
The exchange rate of the dollar against the BDT ranged between Tk 68.99 and Tk 69.10 against the previous day's range of between Tk 68.97 and Tk 69.08 in the inter-bank foreign exchange market.
The major transactions were made at rates varying between Tk 69.00 and Tk 69.05 against previous week's range of between Tk 68.90 and Tk 68.95 in the inter-bank market, they said.
The dollar, however, was stable in public deals. The cash dollar in public deals was transacted at rates varying between Tk 67.15 and Tk 69.90.
In the informal market, the dollar was steady and it was traded at rates varying between Tk 70.70 and Tk 71.00 in the informal market against the previous day's range of between Tk 70.80 and Tk 71.00. The demand for the greenback was higher in the informal market, money dealers said.
The inter-bank call money rate, however, remained unchanged on the day despite withdrawal of cash through reverse repurchase agreement (repo), fund managers said.
The rate moved between 6.50 per cent and 10.75 per cent coinciding with the previous day's range.