Little see-saw witnessed

USD/BDT showed little volatility last week as the market experienced some more  import  payments.  The foreign exchange reserve of Bangladesh crossed USD 23 billion-mark again in last week.
The  average daily inter-bank USDBDT transaction volume was about USD 37.91 million against USD 43.09 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 78.1892 on the last working day.
USDBDT swap market in this week was very much active. The daily average volume of swap transaction was around USD 72.00 million.
This week, the local call money market was traded between a range of 7.00 per cent and 7.50 per cent. The Bangladesh Bank supported commercial banks through Reverse Repo and  ALS windows. Bangladesh Bank accepted 91 days and 182 days T/Bill. The cutoff yield of 91 days was 7.49 per cent and 182 days was 7.95 per cent.
     — Commercial Bank of Ceylon PLC