FE Report

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

The call rate in extreme range fluctuated mainly between 1.25 per cent and 10.0 per cent maintaining previous trading day's range.

Most deals were, however, transacted at rates varying between 2.0 per cent and 3.0 per cent against previous day's range of 2.0 per cent and 2.50 per cent that reflected mostly steady pressure on liquidity, they said.

The rate, however, moved 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 regard mainly fluctuated 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 also maintained steady level in public deals and the cash dollar was transacted at rates varying between Tk 67.80 and Tk 70.0 coinciding with previous trading day's range.

In the informal market, the dollar posted slight gain and it was traded mainly at rates varying between Tk 70.10 and Tk 70.40 against previous day's range of between Tk 70.20 and Tk 70.40. The informal market experienced steady supply of the foreign currency, money dealers said.

The exchange rate of the Indian rupee against the taka fluctuated between Tk 1.4152 and Tk 1.5001.

In the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 46.6850 and Rs 47.6850 and the Pakistani rupee between Rs 80.60 and Rs 81.10. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.4760 ringgit and 3.5080 ringgit and that against the Thai currency between 33.80 baht and 34.8250 baht.