Bangladesh retains upward trend in money market

Last updated: September 9, 2015

Dhaka, Bangladesh (BBN)- The upward trend of overall turnover in the inter-bank money market continued until Tuesday while the call money rates remain unchanged, officials said.

The turnover in the market rose to BDT 52.81 on the day from BDT 52.51 billion of the previous day. It was BDT 52.44 on Sunday.
The call rate ranged between 5.25 per cent and 6.50 per cent unchanged against the previous level. But most of the deals were settled at rates varying between 5.50 per cent and 6.0 per cent, market operators said.

On the other hand, the banks quoted the dollar at BDT 77.80 on Tuesday against BDT 77.80 – BDT 77.81 of the previous level.

The exchange rate of the BDT against the US dollar remained stable due to weak demand for the greenback in the market, a senior treasury official explained.

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