Dhaka, Bangladesh (BBN)- The call money rate came down to 4.0 per cent in early hours of trading on Tuesday while foreign exchange market almost stable, treasury officials said.
The call rate ranged between 4.0 per cent and 5.50 per cent during the period under review against 4.0 per cent and 5.90 per cent of the previous level.
But most of the deals were made at rates between 4.0 per cent and 5.25 per cent in early hours of trading, according to the market operators.
The overall turnover in the call money market rose to BDT 39.69 billion on Monday from BDT 39.46 billion of the previous working day, according to the central bank latest statistics, released on Tuesday.
Lower demand for fresh credit and the option of foreign currency loans by local companies have contributed to this down trend, a treasury official explained.
On the other hand, the banks quoted the US dollar at maximum BDT 78.02 during the period under review against BDT 77.88 of the previous working day.
Talking to BBN, a senior treasury official of leasing commercial bank said the local currency depreciated against the US dollar slightly due to higher demand for the US currency for making import payments by some banks.
BBN/SSR/AD