Call rates fall, BDT depreciates against US$ further

Last updated: December 1, 2014

Dhaka, Bangladesh (BBN) – The call money rate fell slightly on Monday while Bangladesh Taka (BDT) depreciated further against the US dollar in the inter-bank foreign exchange market, officials said.

The call rate ranged between 5.75 per cent and 8.50 per cent on the day against 6.25 per cent and 8.50 per cent of the previous working day. But most of the deals were made at rates between 6.50 per cent and 7.25 per cent on the day, market operators said.

On the other hand, the banks quoted the dollar signal rate at BDT 77.72 on the day against BDT 77.70 of the previous level.

The rate of greenback for BC (bills for collection) selling at customer level stood at maximum BDT 79.20 on Monday from BDT 78.00 on November 11 this year, they added.

Bangladesh’s stocks rebounded sharply on Monday after passing through a sluggish mood in the last few sessions as investors went for buying spree amid optimism.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 99.21 points or 2.08 percent to close at 4,868.64 points.

The port city bourse, Chittagong Stock Exchange (CSE) also sharp gain with its Selective Categories Index – CSCX – gained 213.68 points to close at 9,172.93 points.

                                                          Daily Indicators
                                                       Latest                  Previous
Inter-bank US$-BDT rate                  77.72                        77.70
Inter-bank call money rate                5.75 - 8.25                  6.25 - 8.25
Call turnover (in billion)                     61.35                         55. 59
DIBOR                                              7.0978                          7.1940
ALS (in billion)                                  3.81                             1.86  
Forex reserve (in billion)                   $21.60                        $21.59

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BBN/SSR/AD-01Dec14-11:40 pm (BST)

 

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