The rising trend in interbank call money rate continued as local banks on Monday borrowed from each other at an overnight rate of 5.03%, equaling the previous peak recorded on June 16, 2020.
The call money rate was stable at 5.02% in the previous five days, according to the Bangladesh Bank.
The overnight call money rate is the rate at which banks lend funds to each other at the end of the day in the overnight market.
Industry insiders have said if the supply of money does not increase, the cash shortage may exacerbate ahead of Eid-ul-Azha.
The government has increased borrowing from the banking channel to meet its budget deficit.