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The US dollar slightly gained ground against the Bangladesh taka Thursday in the local inter-bank foreign exchange market. It, however, was weaker in the informal market. The inter-bank call money rate eased in an active market, fund managers said.
In the formal inter-bank market, the exchange rate of the greenback against the taka ranged between Tk 65.78 and Tk 65.80 against Tuesday's, the previous working day, range between Tk 65.75 and Tk 65.80. The dollar was firm in public deals and was transacted between Tk 64.20 and Tk 67.10.
In the informal market, the dollar was traded between Tk 67.40 and Tk 67.80 against the previous day's range of Tk 67.60 and Tk 67.90. The inter-bank call money rate eased further, but it fluctuated above the bank rate of 5.00 per cent.
The pressure on liquidity eased slightly, as the cash withdrawn before the Eid festival, started returning to the banking channel. Besides, the inflow of fresh cash in the market due to maturity of treasury bills helped to maintain liquidity, fund managers said.
The central bank, however, withdrew Tk 2.67 billion from the market through reverse repurchase agreement (repo) auction at interest rates between 5.50 per cent and 5.70 per cent per annum.
The call rate mainly ranged between 5.25 per cent and 10.00 per cent against the previous working day's range between 6.50 per cent and 12.00 per cent.
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