Dhaka, Bangladesh (BBN)– The inter-bank call money rate remained stable on Monday, first working day after the Eid-ul-Fitr festival, as easing pressure on withdraw of cash from the banks, treasury officials said.
The call rate ranged between 4.75 percent and 9.50 percent on the day against the previous range between 4.75 per cent and 10.50 per cent.
However, most of the deals were settled at rates varying between 5.00 per cent and 6.00 per cent, the market operators confirmed.
“The call rate may ease further after increase in flow of liquidity in the banking system,” a senior treasury official of a commercial bank said, adding that the flow of liquidity may increase shortly due to refund of the cash, which were withdrawn before the Eid festival, in the banking system.
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 69.5800-BDT 69.5900 in the inter-bank foreign exchange market Monday, unchanged from that of the previous working day, the BB data showed.
BBN/SI/AD-14Sept10-1:19 am (BST)
