Dollar gains ground, call rate unchanged
FE Report | Wednesday, 30 July 2008
The US dollar gained ground against Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market on higher demand for the greenback. The inter-bank call money rate, however, maintained steady level despite injection of fresh cash into the active market, fund managers said.
The exchange rate of the dollar fluctuated between Tk 68.50 and Tk 68.52 in the inter-bank market against previous trading day's range of between Tk 68.47 and Tk 68.52.
The dollar, however, mostly remained steady in public deals and the cash dollar was transacted at rates varying between Tk 67.43 and Tk 69.63 against previous trading day's range of between Tk 67.42 and Tk 69.63.
In the informal market, the dollar was also steady and it was traded at rates varying between Tk 69.70 and Tk 70.10 against previous day's range of between 69.80 and Tk 70.10. The informal market experienced steady demand for the foreign currency on the day, money dealers said.
The supply of the greenback in the market appeared adequate to meet the demand that might be considered as moderately influenced by modest pressure of import obligations, fund managers said.
The exchange rate of the Indian rupee against the taka continued to fluctuate between Tk 1.56 and Tk 1.77.
In the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 42.65 and Rs 42.67 and the Pakistani rupee between Rs 71.25 and Rs 71.50. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.2615 ringgit and 3.2625 ringgit and that against the Thai currency between 33.49 baht and 33.52 baht.
In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 107.82 yen and 107.85 yen, while the euro moved between 1.5692 dollar and 1.5695 dollar against the greenback.
The exchange rate of the dollar fluctuated between Tk 68.50 and Tk 68.52 in the inter-bank market against previous trading day's range of between Tk 68.47 and Tk 68.52.
The dollar, however, mostly remained steady in public deals and the cash dollar was transacted at rates varying between Tk 67.43 and Tk 69.63 against previous trading day's range of between Tk 67.42 and Tk 69.63.
In the informal market, the dollar was also steady and it was traded at rates varying between Tk 69.70 and Tk 70.10 against previous day's range of between 69.80 and Tk 70.10. The informal market experienced steady demand for the foreign currency on the day, money dealers said.
The supply of the greenback in the market appeared adequate to meet the demand that might be considered as moderately influenced by modest pressure of import obligations, fund managers said.
The exchange rate of the Indian rupee against the taka continued to fluctuate between Tk 1.56 and Tk 1.77.
In the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 42.65 and Rs 42.67 and the Pakistani rupee between Rs 71.25 and Rs 71.50. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.2615 ringgit and 3.2625 ringgit and that against the Thai currency between 33.49 baht and 33.52 baht.
In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 107.82 yen and 107.85 yen, while the euro moved between 1.5692 dollar and 1.5695 dollar against the greenback.