Dhaka, Bangladesh (BBN)- The call money rate eased slightly on Wednesday flowing injecting fresh fund into the market by the central bank, treasury officials said.
The call rate ranged between 7.00 per cent and 8.00 per cent Wednesday against 6.50-9.75 per cent on the previous working day. However, most of the deals were settled at rates varying between 7.50 per cent and 8.00 per cent, the market operators confirmed.
“The existing call money rate may continue in the near future,” a senior treasury official of a commercial bank said without elaborating.
The central bank has continued providing liquidity support to the banks and non-banking financial institutions (NBFIs) to ease the cash money demand in the market during the holy month of Ramadan.
As part of the move, the BB injected fresh funds worth BDT 14.17 billion at 4.50 percent on Wednesday through auction of repurchase agreement (repo) and special liquidity support to the primary dealers.
On the other hand, the US dollar remained almost unchanged against Bangladesh Taka (BDT) in the inter-bank foreign exchange market due mainly to a low demand for the greenback.
The US dollar was quoted at BDT 69.5400 in the inter-bank foreign exchange market on Wednesday against BDT 69.5000 of the previous working day, the BB data showed.
BBN/SI/AD-18Aug10-5:59 pm (BST)