FE Report

The inter-bank call money rate eased Thursday despite withdrawal of cash through treasury bills, as the market enjoyed ample liquidity. The US dollar was, however, stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to sufficient supply of the greenback, fund managers said.

The call rate in extreme range fluctuated mainly between 0.75 per cent and 10.0 per cent against previous trading day's range of between 1.0 per cent and 10.0 per cent.

Most deals were, however, transacted at rates varying between 0.75 per cent and 1.50 per cent against previous day's range of 1.0 per cent and 2.0 per cent that evidently reflected lower pressure on liquidity, they said.

Some financial institutions, however, borrowed, cash at high rates from inter-bank market to meet urgent needs of their clients. It raised the above main trend in stray deals and the rate mainly fluctuated between 7.0 per cent and 10.0 per cent, fund managers said.

The government borrowed Tk 2.50 billion Sunday against 91-day treasury bills leaving insignificant impact on the market.

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

The market was moderately active due to weekend in the international market.

The greenback was also stable in public deals and the cash dollar was transacted at rates varying between Tk 67.80 and Tk 70.0 repeating previous trading day's range.

In the informal market, the dollar fell slightly and it was traded mainly at rates varying between Tk 70.0 and Tk 70.30 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 1.4991 and Tk 1.5145.

In the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 46.9050 and Rs 47.9050 and the Pakistani rupee between Rs 80.50 and Rs 81.0. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.4853 ringgit and 3.5997 ringgit and that against the Thai currency between 33.72 baht and 34.72 baht.