Call money, dollar rates stable

Last updated: July 15, 2009

Dhaka, Bangladesh (BBN)- Call money rate remained stable Wednesday while the US dollar was unchanged against the local currency in the inter-bank foreign exchange market, treasury officials said.

The call rate ranged between 0.10 per cent and 10.00 per cent on the day unchanged from the previous level. But most of the deals were made at rates between 0.10 per cent and 0.15 per cent on the day, they added.

The US dollar remained unchanged against Bangladesh Taka (BDT) due mainly to low demand of the greenback in the inter-bank foreign exchange market.

The banks quoted the dollar signal rate at Tk 69.06 on the day unchanged from the previous level in the inter-bank foreign exchange market, market operators said.

“The demand for the greenback is likely to increase ahead of the holy month of Ramada,” a senior treasury official of a commercial bank told BBN, adding that opening of letters of credit (LCs) for import has slightly increased recently.

BBN/SS/SSR/AD-15July09-7:46 pm (BST)

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