Dhaka, Bangladesh (BBN)- The inter-bank call money rate eased on Wednesday as Bangladesh Bank (BB) has continuously injected fresh fund into the market, treasury officials said.
The call rate ranged between 4.50 per cent and 6.00 per cent on the day against 4.50-7.00 per cent on the previous working day. However, most of the deals were settled at rates varying between 5.00 per cent and 5.50 per cent, the market operators confirmed.
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.
Under the operation, the BB injected fresh funds worth BDT 6.605 billion at 5.50 percent on the day through auction of repurchase agreement (repo) and special liquidity support to the primary dealers.
On Tuesday, the central bank injected funds worth BDT 10.66 billion using same mechanisms, the central bank officials added.
On the other hand, the US dollar moved slightly against the local currency in the inter-bank foreign exchange market due mainly to steady demand for the greenback.
The US dollar was quoted at BDT 69.58-BDT 69.60 in the inter-bank foreign exchange market on Wednesday against BDT 69.56-Tk 69.59 on the previous working day.
BBN/SI/AD-25Aug10-7:58 pm (BST)
