Bangladeshi taka ends easier on food imports

The Bangladeshi taka eased on Monday on demand for US dollars to pay for imports, dealers said.
The taka was quoted at 58.95/59.10 per dollar against 58.95/59.00 per dollar on Sunday, a work-day in Bangladesh.
"The taka eased on pressure from food importers who opened letters of credit against mainly wheat and sugar," said a dealer with a private bank. There was also demand for industrial raw materials and garments accessories, dealers said.
Call money rates eased and ranged between 5.0 percent and 6.5 percent against 6.5 percent and 7.0 percent on Sunday.
"Call rates eased after the government had lowered borrowing through treasury bills," one fund manager said. Central Bangladesh Bank on Sunday borrowed 2.33 billion taka worth of treasury bills against a maturity of 5.15 billion taka.