Dhaka, Bangladesh (BBN) – The US dollar gained against the Bangladesh Taka (BDT) on Tuesday in the Inter-bank foreign exchange market while the call money rate eased further, treasury officials said.
“The US dollar gained further against the local currency due mainly to higher demand for the greenback,” a senior treasury official told BBN without elaborating.
The US dollar was quoted at BDT 74.35-BDT 74.60 in the inter-bank foreign exchange market on Tuesday against BDT 74.30 –BDT 74.45 of the previous working day, according to the central bank statistics.
The inter-bank call rate ranged between 6.50 per cent and 9.25 per cent on Tuesday day against the previous day’s range between 6.50 per cent and 10.00 per cent.
However, most of the deals were settled at rates varying between 7.00 per cent and 8.00 percent, the market operators said.
The call money rate eased following increased inflow of liquidity in the market. The liquidity situation improved gradually due to refund of the cash, which were withdrawn before the Eid festival, in the banking system, they added.
BBN/SSR/AD-14Sept11-9:38 am (BST)
