April 10th-April 13th, 2011

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USD/BDT remained range bound last week trading at 72.80/85 levels, as market supply offset the demand for the green back with a record volume of USD 1.09 billion as inward remittances of Bangladesh in the month of March. We feel that the USD/BDT will remain at these levels for the next week as well. The average daily inter-bank USDBDT transaction volume was about USD 12.36 million against USD 12.75 million of the week before. This week's average volume is lower than that of the preceding week. USDBDT Swap market was active throughout the entire week. The average daily volume of swap transaction was around USD 153.50 million in this week against USD 130.75 million of the week before. Most of the banks kept their published foreign exchange rates bit high this week as well. The USD/BDT selling rates for importers of major Foreign and Private Banks ended at 73.15-73.4500, while USD Buying rates from exporters were at 72.1500-72.4500 For non- commercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc, the average T.T Buying rate was in the range of 72.1500-72.4500 while average T.T Selling rate was at 73.3460 in the last working day. The interbank call money rate remained under pressure and traded around 12.00 percent last week. The Central Bank supported commercial banks through its Repo and liquidity support windows. Bangladesh Bank accepted 182 days T/Bill of BDT 3.50 billion and the yield of 182-Days T-Bill was 5.94 per cent- 5.95 per cent. It also accepted 15 years Govt. Treasury bond worth of BDT 2.50 billion at a yield of 9.30 per cent.