The inter-bank call money rate was steady Thursday despite withdrawal of cash through reverse repurchase agreement (repo) auction. Most of the transactions were made at rates between 6.25 per cent and 6.50 per cent against the previous day's range 6.25 per cent and 7.00 per cent, fund managers said.
The call rate evidently moved above the bank rate of 5.00 per cent, indicating some pressure on liquidity.
The rate moved between 6.25 per cent and 10.00 per cent maintaining the previous day's range.
The rate was at its high at 10.00 per cent coinciding with the previous day's peak. Some stray deals were held at rates above the main trend, fund managers said.
The central bank accepted sixteen reverse repo bids Thursday to withdraw Tk 4.45 billion at interest rates varying between 6.25 per cent and 6.50 per cent per annum.
Meanwhile, the US dollar slightly gained against the Bangladesh taka (BDT) in local inter-bank foreign exchange market due to higher demand for the greenback. The greenback was steady in public deals as well as in the informal transactions, fund managers said.
In the formal inter-bank market, the exchange rate of the dollar against the BDT ranged between Tk 69.49 and Tk 69.73 against the previous day's range between Tk 69.49 and Tk 69.72. The cash dollar in public deals was steady and it was transacted at rates between Tk 67.60 and Tk 70.85.
In the informal market, the dollar was traded between Tk 70.80 and Tk 71.30 against previous day's range between Tk 70.90 and Tk 71.25. The demand for the greenback in the informal market was higher, money dealers said.
The exchange rate of the Indian rupee against the taka ranged between Tk 1.49 and Tk 1.61.
In the regional market, the exchange rates of the dollar against the Indian rupee varied between Rs 46.37 and Rs 46.45 and the Pakistani rupee between Rs 60.35 and Rs 60.45.
Besides, the exchange rate of the dollar against the Malaysian ringgit varied between 3.6790 ringgit and 3.6820 ringgit, and against the Thai currency between 37.31 baht and 37.34 baht.