Local currency appreciates further

The local currency appreciated further more against the greenback during the week of August 10 to August 14 last and was traded around 77.45 levels.
Bangladesh received $1.48 billion as inward remittances in the month of July, 2014. The market will see the same tone next week as well.
The average daily inter-bank USD/BDT transaction volume was about $34.83 million against around $63.92 million of the week before.
Most of the banks kept their published foreign exchange rates unchanged last week. The USD/BDT selling rates for importers of major Foreign and Private Banks was at 77.65-78.20, while USD Buying rates from exporters were at 76.65-77.20. For noncommercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc. The average T.T Selling rate was at 77.9388 on the last working day.
USD/BDT Swap market last week was very much active. The daily average volume of swap transaction was around $53.85 million.
The local call money rate has come down and market traded around 6.25 per cent. The Central Bank supported commercial banks through Repo, Reverse Repo and ALS windows.
Bangladesh Bank accepted 91-day T-Bill and 364-day T-Bill. The cutoff yield of 91-day was 6.89 per cent-6.94 per cent and 364-day was 7.86 per cent-7.97 per cent. It also accepted 5-Year Govt. Treasury bond at yield of 9.82 per cent.  
    — Commercial  Bank  of  Ceylon PLC