Dhaka, Bangladesh (BBN) – The inter-bank call money rates witnessed a declining mode while the exchange rate of Bangladesh Taka (BDT) against the US dollar remained stable in early hour transactions on Sunday.
“The banks are quoted the call money rates ranging between 3.25 per cent and 3.50 per cent today against 3.50 of the previous day,” a senior treasury official of a leading private commercial bank told BBN in Dhaka.
He also said such trend may continue by the end of this day.
On the other hand, the inter-bank call money rate remained stable in the range between 1.80 per cent and 4.50 per cent on Thursday mainly due to sufficient inflow of fund into the market.
The volume of overall transactions in the inter-bank call money market came down to BDT 61.31 billion on Thursday from BDT 64.49 billion of the previous working day, according to the central bank latest statistics, released on Sunday.
The average exchange rate of US dollar rose to BDT 81.5604 for bill for collection (BC) on Thursday from BDT 81.5132 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).