FE Report

The inter-bank call money rate remained steady Wednesday due to comfortable flow of cash. The US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market with sufficient supply of the greenback, fund managers said.

The call rate in extreme range fluctuated mainly between 1.50 per cent and 10.0 per cent maintaining previous trading day's range.

Most deals were, however, transacted at rates varying between 3.0 per cent and 4.0 per cent against previous day's range of 3.0 per cent and 4.50 per cent reflecting almost steady pressure on liquidity, they said.

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

The dollar was stable against taka and the exchange rate of the greenback stood at Tk 69.03 maintaining previous week's rate.

The greenback, however, lost ground in public deals and the cash dollar was transacted at rates varying between Tk 67.80 and Tk 70.05 against previous trading day's range of between Tk 67.85 and Tk 70.05.