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The country's money market was steady Tuesday when the interbank call money rate remained unchanged despite short supply of fund, sources said.
The rate of US dollar also remained unchanged against the local currency in the inter-bank foreign exchange market although there was an improvement in supply of the greenback, the sources added.
However, the Bangladesh Bank (BB) withdrew fresh fund amounting to Tk 1.73 billion at 4.50 per cent from the market Tuesday using its reverse repurchase agreement (repo) instrument, sources in the central bank said.
Interbank call money rate was at 8.00-20 per cent while the US dollar traded at Tk 63.20-63.70 on the day.
The call rate ranged between 8.00 per cent and 20 per cent Tuesday unchanged from previous level, while most of the deals were settled between 10 per cent and 15 per cent, the sources said.
The three nationalised commercial banks (NCBs) - Sonali, Janata and Agrani - were the main players, which mostly quoted the call rates between nine 11 per cent and 12 per cent on the day while the private commercial banks (PCBs) and foreign banks lend fund at 8.0-20 per cent.
On the other hand, the state-owned banks quoted the rate dollar at Tk 63.20 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 62.70 and Tk 63.10 against the previous day's range between Tk 62.80 and Tk 63.10. 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 59.47.
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 108.31 yen and 108.73 yen and the rate of the euro against the greenback moved between 1.2817 dollar and 1.2847 dollar.
As on April 05, 2005, the London Interbank Offered Rates (LIBOR) against the US dollar were 2.87000 per cent for one month, 3.31200 per cent for three months and 3.37250 per cent for six months.
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