The US dollar appeared nominally weaker against the Bangladesh taka Sunday in the local inter-bank foreign exchange market and the inter-bank call money rate eased slightly. The dollar was also steady in the informal market, fund managers said.
In the formal inter-bank market, the exchange rate of the greenback against the taka was at Tk 65.83 against the previous day's range between Tk 65.80 and Tk 65.85. The dollar remained firm in public deals and was transacted between Tk 64.10 and Tk 67.10.
In the informal market, the dollar was traded between Tk 67.20 and Tk 67.50 against the previous day's range of Tk 67.20 and Tk 67.40. The informal market experienced a 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.
As on November 27, 2005, the London Inter-bank Offered Rates (LIBOR) against the US dollar were 4.21000 per cent for one month, 4.40000 per cent for three months and 4.580000 per cent for six months.
The inter-bank call money rate slightly lost ground Sunday, but it continued to move above the bank rate of 5.00 per cent.
The call rate mainly ranged between 5.50 per cent and 13.50 per cent against the previous day's range between 5.75 per cent and 13.50 per cent.
Most of the deals were settled at rates between 6.50 per cent and 7.00 per cent.