Dhaka, Bangladesh (BBN)– The inter-bank call money rate was stable on Tuesday as the central bank has continuously injected fresh fund into the market, treasury officials said.
The call rate ranged between 4.50 per cent and 5.75 per cent on the day against 4.00-5.80 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.
Bangladesh Bank (BB) 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 and Eid-ul-Fitr.
Under the operation, the BB injected fresh funds worth BDT 6.79 billion at 5.50 percent on the day through auction of repurchase agreement (repo) and special liquidity support to the primary dealers.
On Monday, the central bank injected funds worth BDT 5.23 billion using same mechanisms, the BB officials confirmed.
On the other hand, the US dollar was stable 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 69.6000 in the inter-bank foreign exchange market on Tuesday against BDT 69.5800-BDT 69.6900 on the previous working day, the BB data showed.
BBN/SI/AD-31Aug10-6:10 pm (BST)