Dollar steady, call rate unchanged
Friday, 20 July 2007
FE Report
The US dollar was steady against the Bangladesh taka (BDT) Thursday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.
The exchange rate of the dollar against the BDT ranged between Tk 68.60 and Tk 68.61 against the previous day's rate of Tk 68.60 in the inter-bank foreign exchange market.
The dollar also lost ground in public deals. The cash dollar was traded at rates varying between Tk 66.49 and Tk 69.90 against the previous day's range of between Tk 66.70 and Tk 69.90.
In the informal market, the dollar was steady and it was traded at rates fluctuating between Tk 70.60 and Tk 71.00 in the informal market against the previous day's range of between Tk 70.70 and Tk 71.00. The demand for the greenback was lower in the informal market, money dealers said.
The exchange rate of the Indian rupee against the taka varied 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 40.41 and Rs 40.42 and the Pakistani rupee between Rs 60.42 and Rs 60.44.
The inter-bank call money rate was unchanged on the day despite withdrawal of cash through reverse repurchase agreement (repo). The market felt comfortable liquidity to meet the stable demand for cash, fund managers said.
The call rate moved between 6.50 per cent and 10.00 per cent to repeat the previous day's range.
The rates, however, fluctuated between 6.50 per cent and 6.60 per cent in most deals against the previous day's range of between 6.50 per cent and 6.70 per cent, they said.
Some non-banking financial institutions had to borrow cash at high rates from the inter-bank market to meet urgent requirements of their clients. It raised the call rate above the normal trend in some stray deals, fund managers said.
The US dollar was steady against the Bangladesh taka (BDT) Thursday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.
The exchange rate of the dollar against the BDT ranged between Tk 68.60 and Tk 68.61 against the previous day's rate of Tk 68.60 in the inter-bank foreign exchange market.
The dollar also lost ground in public deals. The cash dollar was traded at rates varying between Tk 66.49 and Tk 69.90 against the previous day's range of between Tk 66.70 and Tk 69.90.
In the informal market, the dollar was steady and it was traded at rates fluctuating between Tk 70.60 and Tk 71.00 in the informal market against the previous day's range of between Tk 70.70 and Tk 71.00. The demand for the greenback was lower in the informal market, money dealers said.
The exchange rate of the Indian rupee against the taka varied 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 40.41 and Rs 40.42 and the Pakistani rupee between Rs 60.42 and Rs 60.44.
The inter-bank call money rate was unchanged on the day despite withdrawal of cash through reverse repurchase agreement (repo). The market felt comfortable liquidity to meet the stable demand for cash, fund managers said.
The call rate moved between 6.50 per cent and 10.00 per cent to repeat the previous day's range.
The rates, however, fluctuated between 6.50 per cent and 6.60 per cent in most deals against the previous day's range of between 6.50 per cent and 6.70 per cent, they said.
Some non-banking financial institutions had to borrow cash at high rates from the inter-bank market to meet urgent requirements of their clients. It raised the call rate above the normal trend in some stray deals, fund managers said.