Dhaka, Bangladesh (BBN) – The overall transactions in call money market fell further on Thursday due to higher interest rates in inter-bank Repo market, bankers said.
The overall turnover in the inter-bank call money market came down to BDT 36.16 billion on the day from BDT 38.90 billion on Wednesday. It was BDT 53.29 billion on Monday.
The call rate ranged between 7.0 per cent and 8.0 per cent on the day unchanged from the previous level. But most of the deals were made at rates between 7.25 per cent and 7.50 per cent on the day, market operators said.
On the other hand, the banks were offered interest rates on inter-bank repurchase agreement (Repo) between 8.25 per cent and 8.50 per cent on Thursday against maximum 9.0 per cent of the previous working day, according to them.
Talking to the BBN, a senior official of the Bangladesh Bank (BB) said the interest rates on inter-bank Repo have been fixed by the market forces.
On the other hand, a treasury official of a private commercial bank alleged that the maximum interest rate on inter-bank Repo came down to maximum 8.50 per cent on the day from 9.00 per earlier following intervention by the central bank.
BBN/SSR/AD-20Mar15-10:55 am (BST)