FE Report

The inter-bank call money rate remained unchanged Tuesday in a very liquid market. US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of steady demand for the greenback, fund managers said.

The call rate in extreme range fluctuated mainly between 0.25 per cent and 10.0 per cent maintaining the previous trading day's range.

Most deals were, however, made at rates varying between 0.25 per cent and 0.50 per cent against the previous day's range between 0.35 per cent and 1.0 per cent reflecting a lower pressure on liquidity, they said.

The call rate, however, rose above the main trend and moved between 7.0 per cent and 10.0 per cent in stray deals due to borrowing of cash by some financial institutions at high rates from inter-bank market to meet urgent needs of their clients, fund managers said.

Dollar maintained mostly a stable nerve against taka and the exchange rate of dollar ranged between Tk 69.02 and Tk 69.05 maintaining the previous trading day's range.

The greenback was stable in public deals and cash dollar was transacted at rates varying between Tk 67.85 and Tk 69.64 maintaining the previous trading day's range.

In the informal market, dollar was mostly steady and it was traded mainly at rates varying between Tk 69.10 and Tk 69.60 against the previous day's range between Tk 69.20 and Tk 69.60. The informal market experienced a steady demand for the foreign currency, money dealers said.