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Inter-bank call rate moved up again Thursday while the US dollar remained unchanged against the local currency in the inter-bank foreign exchange market, sources said.
The call rate rose to 17 per cent on the day from 10 per cent in the previous day as there was no fresh fund flowing into the market through auction of repurchase agreement (repo) by the central bank, the sources added.
Besides, the central bank has continuously withdrawn fund from the market in the past couple of days using its reverse repo tool.
The call rate ranged between four per cent and 17 per cent Thursday against 2.90-10 per cent in the previous day. However, most of the deals were settled between eight per cent and 14 per cent, market sources said.
The three nationalised commercial banks (NCBs) - Sonali, Janata and Agrani - were the main players, which mostly quoted the call rates between nine per cent and 10 per cent Thursday while the private commercial banks (PCBs) and foreign banks lend fund at 4.0-17 per cent.
However, the central bank withdrew fund amounting to Tk 500 million at 4.50 per cent from the market through reverse repo auction on the day, sources in the BB said.
On the other hand, the US dollar remained unchanged at Tk 63.25-Tk 63.70 although there was an improvement in supply of the greenback in the market.
The state-owned banks quoted the rate at Tk 63.25 while the PCBs and foreign commercial banks sold the greenback at Tk 63.70 on the day.
In the informal market, the dollar was traded between Tk 62.00 and Tk 62.60 against the previous day's range between Tk 62.10 and Tk 62.60. The exchange rate of the Indian rupee against the taka ranged between Tk 1.25 and Tk 1.32, money dealers said.
In the regional market, the exchange rate of the dollar against the Indian rupee mainly varied between Rs 43.52 and Rs 43.62 and that against the Pakistani rupee between Rs 59.37 and Rs 59.42.
Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.7995 ringgit and 3.8005 ringgit and against Thai baht between 38.55 baht and 38.57 baht.
In the international market, the exchange rate of the dollar against the Japanese yen mainly varied between 106.86 yen and 107.35 yen and the rate of the euro against the greenback moved between 1.2911 dollar and 1.2955 dollar.
As on March 31, 2005, the London Interbank Offered Rates (LIBOR) against the US dollar were 2.85000 per cent for one month, 3.09250 per cent for three months and 3.38000 per cent for six months.
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