Inter-bank call money rate registered a slight rise Saturday while the US dollar eased against the local currency due to improvement in the supply of greenback in the market, sources said. The call rate ranged between 6.50 per cent and 20 per cent per cent on the day against 6.0-13.00 per cent in the previous day. However, most of the deals were settled between 8.0 per cent and 15.00 per cent, sources added. Sources in banking sector said the call rate went up as commercial banks were under pressure to meet the new cash reserve requirement (CRR) rules from their total deposit on a bi-weekly basis. Earlier, the BB raised the CRR by 0.5 per cent points to 4.5 per cent to check inflationary trend through tightening the flow of liquidity in the market, the sources noted. Under the new rules, the banks in certain cases can reduce the reserve to 3.50 per cent but the bi-weekly average has to be 4.50 per cent in the end. However, the central bank pumped fund amounting to Tk 2.45 billion at 8.0 per cent into the market through repurchase agreement (repo) auction to meet the market demand, sources in the central bank said. Meanwhile, the dollar was quoted at Tk 63.80 Saturday against Tk 63.85 in the previous, sources noted. The banks quoted the dollar between Tk 63.18 and Tk 63.80 on day against Tk 63.18-63.85 in the previous day. But most of the deals were done between Tk 63.18 and Tk 63.60 on the day.
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