Dhaka, Bangladesh (BBN) – The inter-bank call money rate eased further on Sunday as the central bank of Bangladesh injected fresh fund into the market, treasury officials said.
The call rate ranged between 4.00 per cent and 8.00 per cent on the day against 4.00-8.75 per cent on the previous working day. However, most of the deals were settled at rates varying between 6.50 per cent and 7.50 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 measure, the Bangladesh Bank (BB) injected fresh funds worth BDT 9.82 billion at 5.50 percent on Sunday through auction of repurchase agreement (repo) and special liquidity support to the primary dealers.
On Thursday, the central bank injected funds worth BDT 12.87 billion using same mechanisms, the BB officials confirmed.
On the other hand, the US dollar remained almost unchanged 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 69.5200 in the inter-bank foreign exchange market on Sunday against BDT 69.5000 on the previous working day, the BB data showed.
BBN/SI/AD-22Aug10-11:24 pm (BST)