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Inter-bank call money rate came down further Thursday while the US dollar maintained its edge over local currency due to short supply of greenback in the market, sources said.
The call rate ranged between 2.50 per cent and 9.00 per cent on the day against 3.00-9.25 per cent in the previous session. But most of the deals were settled between 5.0 per cent and 7.0 per cent, sources added.
Three nationalised commercial banks (NCBs) quoted the call rates between five per cent and seven per cent while the private commercial banks (PCBs) and foreign banks made deals in the range between 2.50 per cent and 9.00 per cent on the day.
Sources, however, said the central bank increased the rate of interest on reverse repurchase agreement (repo) to 3.00 per cent Thursday from 2.80 per cent in the previous day to keep the market stable.
The Bangladesh Bank (BB) accepted one repo bid amounting to Tk 200 million at 3.00 per cent on the day.
On the other hand, dollar was quoted at Tk 63.79 Thursday against Tk 63.70 in the previous day due to short supply of the greenback in the foreign exchange market, sources said.
The banks quoted the dollar between Tk 63.20 and Tk 63.79 on the day against Tk 63.20-63.70 in the previous day. But most of the deals were done between Tk 63.20 and Tk 63.55 on the day.
The BB has not intervened into the market through sale of greenback to state-owned commercial banks.
"We are not thinking to intervene into the market right now," a BB senior official told the FE Thursday, adding that the central bank was hopeful about the return of normalcy shortly.
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