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Tuesday, April 25, 2006

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HEADLINE
 
Call rate steady, dollar gains
FE Report
4/25/2006
 

          The call money rate in the inter bank market remained unchanged at 15.00-20.00 per cent Monday.
Fund managers, however, said there were few deals at 34 per cent.
The central bank conducted reverse repo auction Sunday to withdraw Tk 14.00 billion and Tk 3.25 billion Monday at an interest rate of 6.25 per cent per annum.
The US dollar gained against the Bangladesh taka (BDT) Monday in the local inter-bank foreign exchange market. The lower edge of the inter-bank call money rate also rose in an active market. The dollar also marked significant gain in the informal market, fund managers said.
In the formal inter-bank market, the exchange rate of the greenback against the taka ranged between Tk 69.30 and Tk 70.10 against the previous day's range of Tk 69.25 and Tk 69.95. The cash dollar was firmer in public deals and transacted at rates between Tk 68.43 and Tk 71.85.
In the informal market, the dollar was traded between Tk 72.20 and Tk 72.50 against previous day's range between Tk 71.80 and Tk 72.20. The informal market experienced a higher demand for the dollar, money dealers said.
The exchange rate of the Indian rupee against the taka ranged between Tk 1.48 and Tk 1.61.
In the regional market, the exchange rate of the dollar against the Indian rupee varied between Rs 44.94 and Rs 44.98 and the Pakistani rupee between Rs 59.99 and Rs 60.01.

 

 
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