Dollar slips, call rate steady
Tuesday, 6 November 2007
FE Report
The US dollar slipped further against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with increased inflow of the greenback, fund managers said.
The inter-bank call money rate, on the other hand, was steady despite withdrawal of cash through reverse repurchase agreement (repo).
The exchange rate of the dollar varied between Tk 68.60 and Tk 68.64 against previous day's range of Tk 68.64 and Tk 68.65.
The greenback, however, gained in public deals and the cash dollar was exchanged at rates varying between Tk 67.60 and Tk 70.10 against the previous day's range of between Tk 67.42 and Tk 69.90.
In the informal market, the dollar remained almost unchanged and it was traded at rates varying between Tk 70.20 and Tk 70.40 against the previous day's range of between Tk 70.10 and Tk 70.40. The informal market experienced steady 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.
In the regional market, the exchange rate of the dollar against the Indian rupee moved between Rs 39.35 and Rs 39.36 and the Pakistani rupee between Rs 60.72 and Rs 60.92. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.3455 ringgit and 3.3475 ringgit, and that against the Thai currency between 33.95 baht and 33.99 baht.
In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 114.25 yen and 114.28 yen, while the euro moved between 1.4477 dollar and 1.4478 dollar against the greenback.
The US dollar slipped further against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with increased inflow of the greenback, fund managers said.
The inter-bank call money rate, on the other hand, was steady despite withdrawal of cash through reverse repurchase agreement (repo).
The exchange rate of the dollar varied between Tk 68.60 and Tk 68.64 against previous day's range of Tk 68.64 and Tk 68.65.
The greenback, however, gained in public deals and the cash dollar was exchanged at rates varying between Tk 67.60 and Tk 70.10 against the previous day's range of between Tk 67.42 and Tk 69.90.
In the informal market, the dollar remained almost unchanged and it was traded at rates varying between Tk 70.20 and Tk 70.40 against the previous day's range of between Tk 70.10 and Tk 70.40. The informal market experienced steady 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.
In the regional market, the exchange rate of the dollar against the Indian rupee moved between Rs 39.35 and Rs 39.36 and the Pakistani rupee between Rs 60.72 and Rs 60.92. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.3455 ringgit and 3.3475 ringgit, and that against the Thai currency between 33.95 baht and 33.99 baht.
In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 114.25 yen and 114.28 yen, while the euro moved between 1.4477 dollar and 1.4478 dollar against the greenback.