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Wednesday, March 15, 2006

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HEADLINE
 
Dollar rises further against taka
FE Report
3/15/2006
 

          The US dollar gained further against Bangladesh taka and traded at Tk 72 Tuesday in the interbank foreign exchange market, sources in the banking sector said.
The banks quoted the dollar rate at Tk 69.05-72.00 on the day against Tk 69.05-71.60 previously in the market. It rose by Tk 0.40 per unit on a single day due to short supply of the greenback.
For opening LCs against imports, the nationalised commercial banks (NCBs) quoted the dollar at Tk 69.97, while the foreign commercial banks (FCBs) and private commercial banks (PCBs) sold the greenback at Tk 72.00-72.25 on the day.
Currently, some commercial banks are facing problem in making their import payments against LCs due to short supply of the greenback in the interbank market.
On the other hand, the call rate was mostly stable at 25 per cent Tuesday, while most of the deals were settled between 12 per cent and 12.50 per cent.
The two NCBs -- Janata and Agrani -- mostly quoted the call rates between 12 per cent and 13 per cent Tuesday. However, the PCBs and FCBs lent funds at 10-25 per cent on the day.

 

 
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