Greenback, Taka maintain tight tone

USD/BDT  maintained  tight tone last week as well and the market was traded around Tk  77.80  levels. The foreign exchange reserve of the country stood at USD 26.17 billion at the end of August, 2015. We feel that market will see the same tone next week as well.
The  average daily inter-bank USDBDT transaction volume was about USD 76.66 million against USD 60.22 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 Tk 77.90-78.50, while US buying rates from exporters  hit between the range of Tk  76.90-77.50. For non- commercial payments such as telegraphic  transfer as donations, wage earners remittance, dollar drafts etc, the  average  T.T buying rate was in the range of Tk 76.90-77.50 while average T.T selling rate was at Tk 78.1837 on the last working day.
USD-BDT  swap  market  in  this week remained active. The daily average volume of swap transaction was around USD 52.35 million.
LOCAL MONEY MARKET
This  week,  the local call money market rate was around 5.30 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 5.28 per cent and  182  days  was  5.69 per cent. It also accepted 2 Years Government Treasury bond at yield of 6.44 per cent.
    — Commercial Bank of Ceylon PLC