Dhaka, Bangladesh (BBN) – The inter-bank call money rate fell further on Sunday mainly due to lower demand for short-term borrowing in the market, bankers said.
The call rate ranged between 5.25 per cent and 6.75 per cent on the day against the previous range between 5.25 per cent and 7.00 per cent.
However, most deals were settled at rates varying from 5.25 per cent to 6.50 per cent, according to the market operators.
The overall turnover in the call money market rose to BDT 46.15 billion on Sunday from BDT 39.96 billion of the previous working day, according to the central bank statistics.
Talking to BBN, a senior treasury official of a leading private commercial bank said the falling trend in call-money rates continued because of suspension of the treasury bond auctions by the government. “Such falling trend in call-money market may continue by the end of this month.”
On the other hand, the banks quoted the dollar single rate at BDT 77.80 unchanged from the previous level.