BBN file photo
Dhaka, Bangladesh (BBN)- The demand for call money is decreasing continuously after the Eid vacation while the exchange rate of Bangladesh Taka (BDT) remains stable against the US dollar.
The volume of transactions in the inter-bank call money market came down to BDT 77.09 billion on Thursday from to BDT 79.66 billion of the previous working day, according to the central bank statistics, released on Sunday.
The call money rate ranged between 2.00 per cent and 4.50 per cent on the day unchanged from the the previous level. But most of the deals were settled at rates varying between 3.25 per cent and 4.50 per cent, the market operators said.
However, the existing trend of inter-bank call rates continued while the exchange rate of local currency against the US dollar remained stable in early hour transactions on Sunday. On the other hand, the weighted average of call money rate rose to 4.06 per cent on Thursday from 4.03 per cent of the previous working day, the Bangladesh Bank (BB) data showed.
On the other hand, the US dollar was quoted at BDT 80.59-BDT 80.60 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 12:01 pm (local time).
However, the average exchange rate of US dollar rose to BDT 81.4558 for bill for collection (BC) on Thursday from BDT 81.4530 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
BBN/SSR/AD