The Bangladeshi taka ended little changed against the dollar on Thursday as dealers sold the US currency to borrow local funds ahead of the Eid-ul-Azha festival next week, dealers said.
The taka was quoted largely unchanged at 58.87/58.89 per dollar as the central bank injected cash into the market through repos. Dealers said only a few deals were settled.
Call money rates shot up and ranged between 6.0 to 14 percent against 4.50-7.0 percent on Wednesday, due to cash withdrawals ahead of the festival which starts on Monday.
"There was pressure in the call market due to the huge demand for funds from traders," one fund manager said.
The central bank injected cash into the market through repos, with the Bangladesh Bank accepting repo bids worth 5.50 billion taka on Thursday, at interest rates ranging between 4.50 percent and 5.0 percent.
The bank received 13 bids for six-day repos worth 5.95 billion taka but accepted bids worth 5.25 billion taka at interest rates ranging between 4.50 percent and 5.0 percent.