Dhaka, Bangladesh (BBN) - The call money rate remained unchanged on Tuesday, third working day after the Eid-ul-Azha festival, despite injection of fresh fund into the market by the central bank, officials said.
The inter-bank call rate ranged between 12 percent and 28 percent on the day against 6.50-28.50 percent of the previous working day. However, most of the deals were settled at rates varying between 22 percent and 25 percent, the treasury officials added.
Bangladesh Bank (BB) has continued providing liquidity support to the banks and non-banking financial institutions (NBFIs) to ease the demand for cash in the market.
Under the operations, the central bank injected fresh funds worth BDT 57.8694 billion at 5.50 percent onTuesday 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.
On Monday, the BB injected funds worth BDT 57.3116 billion using same mechanisms, the central bank officials confirmed.
BBN/SI/AD-23Nov10-8:50 pm (BST)
