Dhaka, Bangladesh (BBN)– The inter-bank call money rate hit 20 percent on Thursday as withdrawal of cash from banks gathered pace ahead of the Eid-ul-Fitr festival, a central banker told BBN at 12:45 pm on Thursday.

On Wednesday, the call rate ranged between 12.00 percent and 18.00 percent.

The short-term borrowings normally increase before the Eid festival to meet the growing demand for cash from the bank clients, treasury officials said.

BBN/SSR/AD-25Aug11-12:51 pm (BST)