FE Report

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

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

Most deals, however, were transacted at rates varying between 0.10 per cent and 0.25 per cent against previous day's range of 0.15 per cent and 0.50 per cent that evidently reflected decline in lower pressure on liquidity, they said.

The rate, however, rose above main trend varying 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 dollar was stable against taka and the exchange rate of the greenback stood at Tk 69.06 maintaining previous trading day's rate in the inter-bank market.

The greenback, however, gained in public deals and the cash dollar was transacted at rates varying between Tk 68.0 and Tk 70.80 against previous trading day's range of between Tk 68.0 and Tk 70.30.

In the informal market, the dollar, however, was mostly 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 demand for the foreign currency, money dealers said.

The exchange rate of the Indian rupee against the taka fluctuated between Tk 1.3778 and Tk 1.4354.

In the regional market, most currencies were steady. The exchange rate of the dollar against the Indian rupee moved between Rs 48.68 and Rs 49.4850 and the Pakistani rupee between Rs 80.50 and Rs 81.20. Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.5261 ringgit and 3.5560 ringgit and that against the Thai currency between 33.9180 baht and 34.4180 baht.