Dhaka, Bangladesh (BBN) – The weighted average rate on call money fell slightly on Wednesday while the volume of overall transactions in the market increased.
The weighted average rate on call money remained came down to 3.60 per cent on the day from 3.62 per cent of the previous working day, according to the central bank latest statistics, released on Tuesday
On the other hand, the volume of transactions in the inter-bank call money market rose to BDT 72.14 billion on the day from BDT 70.18 billion of the previous level, the Bangladesh Bank (BB) data showed.
Besides, the inter-bank call money rate remained stable in the range between 1.80 per cent and 4.50 per cent from the previous level.
However, the Bangladesh Taka (BDT) remained stable against the US dollar in the inter-bank foreign exchange market in early hour transactions on Thursday.
The US dollar was quoted at BDT 80.67-BDT 80.68 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 12:21 pm (local time).
On the other hand, the local currency has also maintained a depreciating mode continuously against the US dollar at customer level for clearing import payment obligations.
However, the average exchange rate of US dollar rose to BDT 81.7440 for bill for collection (BC) on Wednesday from BDT 81.7204 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
The banks also quoted at BDT 80.10-BDT 80.40 to the remitters for telegraphic transfer (TT) of their funds while the US dollar quoted at BDT79.80 – BDT 80.20 for purchasing export proceeds, according to the BBN early hour monitoring report.