FE Report

The inter-bank call money rate eased slightly Sunday despite withdrawal of cash through treasury bills. The US dollar, however, remained stable against Bangladesh taka (BDT) in a moderately active inter-bank foreign exchange with sufficient supply of the greenback, fund managers said.

The call rate in extreme range fluctuated mainly between 0.10 per cent and 10.0 per cent against previous trading day's range of between 0.15 per cent and 10.0.

Most deals, however, were transacted at rates varying between 0.25 per cent and 0.50 per cent against previous day's range of 0.50 per cent and 0.75 per cent that reflected lower pressure on liquidity, they said.

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

The government borrowed Tk 4.0 billion on the day through auctions of treasury bills.

The dollar maintained steady nerve against taka and the exchange rate of the greenback stood at Tk 69.05 repeating previous week's rate.

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

The greenback, however, marked gain in public deals and the cash dollar was transacted at rates varying between Tk 67.80 and Tk 70.30 against previous trading day's range of between Tk 67.80 and Tk 70.0.

In the informal market, the dollar was steady and it was traded mainly at rates varying between Tk 70.10 and Tk 70.30 against previous day's range of between Tk 70.0 and Tk 70.30. 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 1.3935 and Tk 1.4768.

In the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 47.50 and Rs 48.50 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 3.5123 ringgit and 3.5180 ringgit and that against the Thai currency between 33.6080 baht and 34.6080 baht.

In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 98.3640 yen and 98.4640 yen, while the euro moved between 1.4011 dollar and 1.4022 dollar against the greenback.