Daily average inter-bank transaction hits $51.62m

(July 05-July 09, 2015)
The  local currency maintained stable tone against the greenback last week as  the  market  is  receiving  good  amount of inward remittances ahead of Eid-ul-Fitr. Bangladesh Bank also purchased foreign currency from banks to  stabilise  the  market. We feel that market will see the same tone next week as well.
The  average daily inter-bank USD-BDT transaction volume was about USD 51.62 million against USD 62.50 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 hovered between the range of Tk 77.90-78.50, while USD buying rates from exporters  were  between Tk  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 hovered between the range of Tk 76.90-77.50 while average T.T selling rate was at Tk 78.16 on the last working day.
USD-BDT  swap  market  in  the week remained active. The daily average volume of swap transaction was around USD 45.00 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 182 days T/Bill. The cutoff yield of 91 days was 5.36 per cent and 182 days was 6.32 per cent.
    — Commercial Bank of Ceylon PLC