Local currency maintains stable tone

The local currency maintained stable tone last week and was traded around 77.80 levels. Increased inflows of foreign currency eased the market. Market may see the same tone next week. The average daily inter-bank USD/BDT transaction volume was about USD 35.89 million against USD 100.20 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 78.10-78.80, while USD buying rates from exporters were at 77.10-77.80. For non-commercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc, the average TT buying rate was in the range of 77.10-77.80 while average TT selling rate was at 78.4549 on the last working day. USD/BDT swap market last week was very much active. The daily average volume of swap transaction was around USD 62.00 million.
The local call money rate experienced down-ward trend due to some eased demand and market traded between a range of 7.25 per cent and 8.25 per cent  on the last day of the week. The central bank supported commercial banks through Reverse Repo and ALS windows. Bangladesh Bank accepted 91 days and 364 days T-Bill. The cutoff yield of 91 days was 7.59 per cent and 364 days was 8.17 per cent. It also accepted 15 Years Govt. Treasury bond at yield of 11.47 per cent and 20 Years Govt Treasury bond at yield of 11.98 per cent.
    — Commercial Bank of Ceylon PLC