The US dollar gained ground against the Bangladesh taka Thursday in the local inter-bank foreign exchange market. The inter-bank call money rate maintained a steady level in an active market. 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 varied between Tk 65.95 and Tk 66.00 against the previous day's range between Tk 65.90 and Tk 66.00. The dollar was firmer in public deals and was transacted between Tk 64.00 and Tk 67.67.
In the informal market, the dollar was traded between Tk 67.60 and Tk 67.90 against previous day's range between Tk 67.50 and Tk 67.90. The informal market experienced increased 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 46.04 and Rs 46.14 and against the Pakistani rupee between Rs 59.73 and Rs 59.89.
As on December 08, 2005, the London Inter-bank Offered Rates (LIBOR) against the US dollar were 4.34000 per cent for one month, 4.48000 per cent for three months and 4.83580 per cent for six months.
The inter-bank call money rate was steady Thursday and it moved above the bank rate of 5.00 per cent.
The call rate mainly ranged between 6.00 per cent and 13.00 per cent coinciding with the previous day's range.