Bangladeshi taka firmer

25 Jan, 2005

The Bangladeshi taka ended mostly firmer on Monday due to pressure in the local funds market as banks resumed activities after four-day Eid-ul-azha holiday, dealers said. The taka was quoted at 59.98/62.84 per dollar, against 59.98/62.93 on Wednesday. Call rates ranged between 6.75 percent and 45.0 percent against 6.75 percent and 48.0 percent on Wednesday.
"Call rates were higher due to liquidity shortfall because of cash withdrawal," said one fund manger with a private bank.
Most of the deals were struck between 15 percent and 45 percent while only one deal was settled at 6.75 percent, dealers said.

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