Dhaka, Bangladesh (BBN) – Overall transactions in the money market crossed BDT 91 billion-mark on Tuesday while the call money rates remained unchanged.
The volume of overall transactions in the money market rose to BDT 91.10 billion on the day from BDT 86.48 billion of the previous level, according to the Bangladesh Bank (BB) statistics, released on Thursday.
The weighted average rate on call money remained unchanged at 4.05 per cent on Tuesday from the previous level while the inter-bank call money rate also remained stable in the range between 3.05 per cent and 4.50 per cent.
However, most of the deals were settled between 3.25 per cent and 4.00 per cent, according to the market operators.
“The demand for local currency increased mainly due to adjust internal requirement of some banks,” a senior treasury official of a leading private commercial bank told BBN while explaining the latest situation on the market.
However, the exchange rate of Bangladesh Taka (BDT) remained unchanged against the US dollar in the inter-bank foreign exchange market in early hour transactions on Wednesday.
The US dollar was quoted at BDT 80.70 unchanged from the previous working till the report was filed at 11:01 am (local time).
However, the local currency depreciated slightly again the US dollar at customer level for clearing import payment obligations.
The average exchange rate of US dollar rose to BDT 81.6745 for bill for collection (BC) on Tuesday from BDT 81.6632 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).