Dhaka, Bangladesh (BBN) – Bangladesh’s call money rates witnessed an upward mode due to rising trend in the cash withdrawal pressure before the Eid-ul-Azha festival.

The weighted average rate on call money rose to 3.80 per cent on Monday from 3.71 per cent of the previous working day while the inter-bank call money rate remained stable in the range between 1.80 per cent and 4.50 per cent.

However, most of the deals were settled between 3.25 per cent and 4.00 per cent, according to the market operators.

The volume of overall transactions in the money market also rose to BDT 85.72 billion on the day from BDT 77.50 of the previous level, according to the Bangladesh Bank (BB) statistics, released on Tuesday.

“The existing trend in the call money market may continue in the coming days,” a senior treasury official of a leading private commercial bank told the BBN in Dhaka without any elaboration.

BBN/SSR/AD