Currency mkt remains stable

(June 12-June 18, 2015)
The  local  currency remained stable last week against the greenback and it was traded around 77.80 levels. Bangladesh Bank purchased foreign currency from interbank  to  stabilise  the market. We feel that market will see the same tone next week as well.
The  average daily inter-bank USDBDT transaction volume was about USD 38.40 million against USD 49.19 million of the preceding week.
Most  of  the  banks  kept their published foreign exchange rates unchanged throughout  the  week.  The USD/BDT selling rates for importers of major foreign  and  private banks was at 77.90-78.50, while USD buying rates from exporters  were  at  76.90-77.50. 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 76.90-77.50 while average T.T selling rate was at 78.1740 on the last working day.
USD/BDT  swap  market  in  this week remained brisk. The daily average volume of swap transaction was around USD 49.00 million.
Local money market
This week, the local call money market rate was around 5.25 per cent. The Bangladesh Bank supported commercial banks through reverse repo window. Bangladesh Bank accepted 91 days and 361 days T/Bill. The cutoff yield of 91 days was 5.25 per cent and 364 days was 6.74 per cent.
    — Commercial Bank of Ceylon PLC