The US dollar was steady against the Bangladeshi taka Thursday in the local inter-bank foreign exchange market, but gained slightly in the informal market. The inter-bank call money rate eased nominally in moderate transactions, money dealers said.
In the formal inter-bank market, the exchange rate of the greenback against the taka ranged between Tk 65.75 and Tk 65.80 against the previous working day's range between Tk 65.75 and Tk 65.80. The dollar was firm in public deals and was transacted between Tk 64.20 and Tk 67.10.
In the informal market, the dollar was traded between Tk 67.50 and Tk 67.90 against the previous day's range of Tk 67.40 and Tk 67.80. The informal market experienced lower demand for the dollar, money dealers said. The exchange rate of the Indian rupee against the taka ranged between Tk 1.48 and Tk 1.53.
In the regional market, the exchange rate of the dollar against the Indian rupee varied between Rs 45.61 and Rs 45.71 and against the Pakistani rupee it ranged between Rs 59.70 and Rs 59.80.
Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.7773 ringgit and 3.7783 ringgit and against the Thai currency between 41.22 baht and 41.24 baht.
In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 117.50 yen and 117.65 yen and the rate of the euro against the greenback moved between 1.1710 dollar and 1.1765 dollar.
As on November 10, 2005, the London Inter-bank Offered Rates (LIBOR) against the US dollar were 4.11370 per cent for one month, 4.33000 per cent for three months and 4.54000 per cent for six months.
The inter-bank call money rate eased further Thursday, but fluctuated at a high level above the bank rate of 5.00 per cent.
The central bank conducted auction of treasury bill to borrow a total of Tk 14.111 billion Thursday. The market experienced pressure on liquidity, as the huge cash, withdrawn before the Eid festival, was yet to return to the banking channel. The inflow of fresh cash in the market due to maturity of treasury bills, however, helped to maintain liquidity, fund managers said.
The call rate mainly ranged between 6.50 per cent and 14.50 per cent against the previous working day's range of 6.50 per cent and 15.50 per cent.
Most of the deals were settled at rates between 10.00 per cent and 12.00 per cent, fund managers added.