Dhaka, May 19 -- The inter-bank call-money rate crossed 11 per cent on Monday due mainly to increase in cash withdrawals from banks ahead of Eid-ul-Adha.

The call money rate ranged between 9.95 per cent and 11.25 per cent on the day compared to that of 9.95 per cent to 11.05 per cent previously, while most transactions were settled between 10.50 per cent and 11.00 per cent, according to market operators.

However, the weighted average rate (WAR) of call money rose to 10.63 per cent on the day from 10.19 per cent of the previous working day. The rate was 10.03 per cent a week back.

Such short-term borrowing normally gets increased before festivals including the Eid-ul-Azha and Eid-ul-Fitr as demand for cash rises significantly, they expl...