Dhaka, Bangladesh (BBN)- The inter-bank call money rate moved up further Tuesday ahead of the Eid-ul-Fitr festival, treasury officials said.
The call rate ranged between 2.00 per cent and 5.00 per cent on the day against 0.75 per cent and 5.00 per cent of the previous day. However, most of the deals were settled between 3.00 per cent and 4.00 per cent, the market operators said.
They also said the short-term borrowings normally increase before the Eid festival to meet the growing demand of the bank clients.
“The call rate may rise further ahead of the Eid festival,” a senior treasury official told the FE, adding that it would depend on withdrawing of cash from the banks and the central bank’s monetary operations.
On the other hand, the US dollar remained unchanged against Bangladesh Taka (BDT) due mainly to low demand of the greenback in the inter-bank foreign exchange market.
The banks quoted the dollar signal rate at Tk 69.06 Tuesday unchanged from the previous level in the inter-bank foreign exchange market, the treasury officials confirmed.
BBN/SS/SI/AD-08September09-5:46 pm (BST)
