Dhaka, Bangladesh (BBN) - The inter-bank call money rates remained unchanged in early-hour trading on Wednesday while the US dollar was stable against the local currency in the inter-bank market, treasury officials said.
The call rate ranged between 5.30 per cent and 6.50 per cent on the day unchanged from the previous level. However, most of the deals were settled at rates varying between 5.30 per cent and 6.0 per cent, they added.
On the other hand, the banks quoted the dollar rate at BDT 77.80 on the day unchanged from the previous level.
However, total turnover in the call money market rose to BDT 50.22 billion on Tuesday from 47.83 billion of the previous working day, according to the latest central bank statistics, released on Wednesday morning.
On the other hand, the Bangladesh Bank (BB) withdrew BDT 160.48 billion at 5.25 per cent from the market using its reverse REPO (repurchase agreement) auction on Tuesday. It was BDT 151.06 billion on Monday.
The government, however, borrowed BDT 10 billion on Tuesday from the market through issuing its two-year treasury bonds to finance its budget deficit partly.
Seventy two bids amounting total of BDT 30.3820 billion were offered against pre-targeted amount of BDT 10.00 billion. Of those, 18 bids amounting total of BDT 10.00 billion were accepted. The coupon rate of the accepted bid was 7.2000 per cent, according to the auction result.
BBN/SSR/AD