Dhaka, Bangladesh (BBN)- The call money rate eased slightly on Wednesday, fourth working day after the Eid-ul-Azha festival, as the central bank injected a substantial amount of fresh fund into the market.
The inter-bank call rate ranged between 5.50 per cent and 25 per cent on the day against 6.50-28.00 per cent of the previous working day. However, most of the deals were settled at rates varying between 15 per cent and 25 per cent, treasury officials said.
"The call money rate eased slightly on the day following the central bank’s injection of fresh funds into the market to keep it stable," a senior treasury official of a commercial bank told BBN in Dhaka.
Bangladesh Bank (BB) has continued providing liquidity support to the banks and non-banking financial institutions (NBFIs) to ease the cash money demand in the market.
Under the operations, the central bank injected fresh funds worth BDT 54.4033 billion at 5.50 percent on Wednesday through auction of repurchase agreement (repo) and special liquidity support to the primary dealers (PDs).
The central bank of Bangladesh earlier selected 15 PDs - 12 banks and three NBFIs - to handle government securities in the secondary market.
On Tuesday, the BB injected funds worth BDT 57.8694 billion using same mechanisms, the central bank officials confirmed.
BBN/SI/SSR-24Nov10-6:40 pm (BST)
