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Inter-bank call money rate rose to 30 per cent Monday from 25 per cent of the previous day while the US dollar was mostly steady against the local currency in the inter-bank foreign exchange market, sources said.
The call rate rose to 30 per cent on the day as some commercial banks bought the US dollar with taka to meet their growing demand of the greenback, the sources added.
Besides, two nationalised commercial banks (NCBs) have squeezed their liquidity flow in the market to meet internal demands.
The call rate ranged between 18 per cent and 30 per cent on the day against 11.50 per cent and 25 per cent of the previous day. But most of the deals were settled between 22 per cent and 23 per cent, market sources said.
The two NCBs - Janata and Agrani - mostly quoted call rates between 15 and 22 per cent Monday while the private commercial banks (PCBs) and foreign commercial banks (FCBs) lent fund between 18 per cent and 30 per cent.
On the other hand, the US dollar was traded between Tk 69.15 and Tk 71.80 on the day against Tk 69.15 of the previous day in the inter-bank forex market.
For opening letters of credit (LCs) against imports, the NCBs quoted the dollar at Tk 69.97, while the FCBs and PCBs sold the greenback between Tk 72.34 and Tk 72.00 Monday.
Currently, some commercial banks are facing problems in settling LC payments due to short supply of the greenback in the inter-bank market.
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