Dhaka, Bangladesh (BBN)- The inter-bank call money rate was stable on Sunday despite of withdrawing pressure of cash from the banks ahead of the Eid-ul-Azha festival, treasury officials said.
The call rate ranged between 12.00 percent and 20.00 percent on the day against the previous range between 9.50 per cent and 22.00 per cent. However, most of the deals were settled at rates varying between 15.00 per cent and 16.00 per cent, the market operators said.
“The call money rate was stable on the day following injection of fresh funds into the market by the central bank to keep it stable,” a senior treasury official of commercial bank told BBN in Dhaka.
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 ahead of the Eid festival.
Under the operation, Bangladesh Bank (BB) pumped fresh funds worth BDT 48.1344 billion at 5.50 percent on the day 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.
BBN/SI/AD-14Nov10-7:10 pm (BST)
