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The US dollar slightly gained ground against the Bangladesh taka (BDT) Thursday in the local inter-bank foreign exchange market, while the inter-bank call money rate remained steady in an active market. The dollar was 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 69.15 and Tk 71.85 against the previous day's range between Tk 69.05 and Tk 71.85. The cash dollar was firm in public deals and was transacted at rates between Tk 68.80 and Tk 72.24.
In the informal market, the dollar was traded between Tk 70.30 and Tk 70.50 against previous day's range between Tk 70.20 and Tk 70.50. The informal market experienced higher demand for the dollar, money dealers said.
The call rate was at its high at 25.00 maintaining the previous day's rate. The call rate evidently moved above the bank rate of 5.00 per cent.
The call rate mainly varied between 11.50 per cent and 25.00 per cent coinciding with the previous week's range.
Most of the deals were settled at rates between 12.00 per cent and 15.00 per cent, fund managers added.
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