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The Bangladeshi taka firmed a little on Thursday due to a flow of remittances from Bangladeshis working abroad, dealers said. The taka was quoted at 63.00/63.15 per dollar against 63.00/63.25 on Wednesday. Call rates ranged between 7.0 percent and 40.0 percent against 6.0 percent and 62.0 percent on Wednesday. "The rates were high as the central bank injected less cash than the market expected," one fund manager said.
The central bank had accepted two-day repos worth 4.7 billion taka at an unchanged interest rate of 8.0 percent against bids worth 7.825 billion taka.

Copyright Reuters, 2005

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