Dhaka, Bangladesh (BBN)- The inter-bank call money rate was stable on Wednesday, third working day after the Eid-ul-Fitr festival, as market is yet to witness higher level of commercial activities, officials said.
The call rate ranged between 4.50 per cent and 10.00 per cent on the day against the previous rang between 4.50 per cent and 9.50 per cent. However, most of the deals were settled at rates varying between 6.00 per cent and 8.00 per cent, the market operators confirmed.
“The call rate may ease gradually 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a commercial bank said, adding that the flow of liquidity would increase shortly due to refund of the cash, which were withdrawn before the Eid festival, in the banking system.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 has moved slightly against Bangladesh Taka (BDT) in the inter-bank foreign exchange market following increased demand for the greenback.
The US dollar was quoted at BDT 69.5900-BDT 69.6200 in the inter-bank foreign exchange market on Wednesday against BDT 69.5825-BDT 69.5900 of the previous level, the BB data showed.
BBN/SI/AD-15Sept10-8:15 pm (BST)