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The interbank call money rate was steady Thursday in an active market. The market experienced little pressure on liquidity despite withdrawal of cash through reverse repurchase agreement (repo) and auction of treasury bills. The lower edge of the interbank call money rate moved below the bank rate, fund managers said.
The bank rate is 5.00 per cent.
The government borrowed a total of Tk 9.782 billion ( 978.20 crore) Saturday through the auction of treasury bills. On the other hand, Tk 7.046 billion was injected into the market in the week due to maturity of some treasury bills. It resulted in a net outflow of Tk 2.736 billion from the market in the week.
The call rate mainly ranged between 2.50 per cent and 9.00 per cent against previous day's range between 3.00 per cent and 9.25 per cent. Most deals were held at rates ranged between 4.00 per cent and 6.00 per cent, fund managers said.
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