Dhaka, Bangladesh (BBN) – Bangladesh’s inter-bank call money market eased slightly as weighted average rate fell slightly on Wednesday, market operators said.
The weighted average rate on call money remained came down 3.67 per cent on the day from 3.69 per cent of the previous working day while the inter-bank call money rate remained stable in the range between 1.75 per cent and 4.50 per cent.
However, most of the deals were settled between 3.25 per cent and 4.50 per cent, they added.
The volume of overall transactions in the money market came down to BDT 79. 56 billion on the day from rose to BDT 79. 83 billion of the previous level, according to the Bangladesh Bank (BB) statistics, released on Thursday.
“Upward trend in the call money market may return shortly ahead of the the Eid-ul-Azha festival,” a senior treasury official of a leasing private commercial bank told BBN in Dhaka.
On the other hand, the exchange rate of Bangladesh Taka (BDT) remained unchanged against the US dollar in the inter-bank foreign exchange market in early hour transactions on Wednesday.
The US dollar was quoted at BDT 80.70 unchanged from the previous working till the report was filed at 12:15 pm (local time).
However, the local currency has maintained a stable mode again the US dollar at customer level for clearing import payment obligations.
The average exchange rate of US dollar stood at BDT 81.4970 for bill for collection (BC) on the day from rose to BDT 81.4904 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).