weekly currency round upOctober 16 to 20, 2011Standard Chartered Bank

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The local call money market rates hovered around 8.25 per cent-15 per cent. The market liquidity remained similar throughout the past week, according to a press release. The inter-bank rates of US dollar Bangladesh taka stood similar in range during the past week while liquidity scenario remained very tight throughout the week. Euro witnessed volatile trend in the past week. Euro headed for its best week in nine months against dollar Friday. It hovered near a one-month high Monday after the G20 summit boosted hopes that the EU would decisively address the region's debt woes this week. After following an upward trend, euro slipped Tuesday, as reduced hopes of a comprehensive solution to the euro zone's debt crisis and a warning over France's sovereign credit rating prompted investors to re-sell the single currency. Dollar hit a session high against the traditional safe-haven Swiss franc Wednesday after a survey of economic conditions by the US central bank showed the economy grew slightly in September. Commercial Bank of Ceylon The local call money market was little volatile in the past week. It started in the past week at around 8.00 per cent but closed at 15 per cent. Bangladesh Bank (BB) supported commercial banks through its Repo and liquidity support windows. The BB had accepted 91-day TBill of Tk 3.00 billion and the cutoff yield was 8.14 per cent - 8.15 per cent. It had also accepted 15 years government Treasury bond worth of Tk 2.00 billion at a yield of 10.99 per cent. US dollar Bangladesh taka maintained steady tone last week. Ahead of Eid-ul-Azha Bangladesh was expected to receive more inward remittances as compared $843.31 million in September, 2011 that might ease the market a bit in coming week.