Dhaka, Bangladesh (BBN) – The upward trend of inter-bank call rates continued while the exchange rate of local currency against the US dollar remained stable in early hour transactions on Thursday.
The weighted average of call money rate rose to 3.91 per cent on Wednesday from 3.86 per cent of the previous working day, according to the central bank’s latest statistics, released on Thursday.
“Such upward trend of call money rate may continue today (Thursday),” a senior treasury official of a leading private commercial bank told BBN in Dhaka.
However, the call money rate ranged between 2.00 per cent and 4.50 per cent on Wednesday against 1.80 per cent and 4.50 per cent of the previous working day. But most of the deals were settled at rates varying between 3.25 per cent and 4.50 per cent, the market operators said.
The volume of overall transactions in the inter-bank call money market rose to BDT 69.65 billion on Wednesday from BDT 62.71 billion of the previous level, the central bank latest data showed.
On the other hand, the US dollar was quoted at BDT 80.58-BDT 80.60 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 10:58 am (local time).
However, the average exchange rate of US dollar remained unchanged at BDT 81.4519 for bill for collection (BC) on Wednesday unchanged from the previous level, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
“The BDT may remain stable in the coming days against the US currency in both the inter-bank forex market and customer level flowing higher inflow of remittance ahead of the Eid festival,” another treasury official said.