Dhaka, Bangladesh (BBN)– The inter-bank call money rate was stable Tuesday as Bangladesh Bank (BB) continued injecting fresh fund into the market, treasury officials said.
The call rate ranged between 5.25 per cent and 7.00 per cent on the day against 4.50-7.25 per cent on the previous working day. However, most of the deals were settled at rates varying between 6.00 per cent and 6.50 per cent, the market operators confirmed.
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 during the holy month of Ramadan.
As part of the move, the BB injected fresh funds worth BDT 10.66 billion at 5.50 per cent 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 9.29 billion using same mechanisms, the BB officials added.
On the other hand, the US dollar remained almost unchanged against the local currency in the inter-bank foreign exchange market due mainly to a low demand for the greenback.
The US dollar was quoted at BDT 69.5600-BDT 69.5900 in the inter-bank foreign exchange market on Tuesday against BDT 69.5400 on the previous working day.
BBN/SI/AD-24Aug10-6:54 pm (BST)