Dhaka, Bangladesh (BBN)- The call rate was mostly stable while the US dollar remained unchanged against the local currency in the inter-bank markets Monday, treasury official said.
The call rate ranged between 0.10 per cent and 3.00 per cent on the day unchanged from the previous working day. But most of the deals were made at rates between 0.15 per cent and 0.20 per cent on the day, they added.
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 single rate at BDT 69.06 on the day unchanged from the previous level in the inter-bank foreign exchange market, market operators said.
The central bank has continued its intervention in the foreign exchange market through buying the US dollar from the commercial banks directly aiming to keep the market stable.
As part of the move, the Bangladesh Bank (BB) purchased US$40 million from four commercial banks Monday, the central bank officials said.
The central bank bought $674 million from the commercial banks form July 2 to August 10 as part of its intervention in the market, they confirmed.
In fiscal 2008-09, the central bank of Bangladesh bought a total of $1.484 billion directly from the commercial banks against only $202.50 million of the previous fiscal, the BB’s data showed.
BBN/SS/SI/AD-10August09-9:49 pm (BST)