Local currency stable

Last  week  the  local currency remained stable against the greenback and it was traded  around Tk 77.80  levels. Though the market had some payments but good inflows  mitigated  the  pressure.  We feel that market will see the same tone next week as well.
The  average daily inter-bank USDBDT transaction volume was about USD 58.56 million against USD 69.61 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  hit  at  76.90-77.50. For non- commercial payments such as telegraphic  transfer (TT) as donations, wage earners remittance, dollar drafts etc, the  average  TT buying rate was in the range of Tk 76.90-77.50 while average TT selling rate was at Tk 78.1760 on the last working day.
USDBDT  swap  market  in  this week was active. The daily average volume of swap transaction was around USD 65.00 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 364 days T/Bill. The cutoff yield of 91 days was 5.37 per cent and  364  days  was 6.36 per cent. It also accepted 15 years government treasury bond at yield of 8.57 per cent and 20 years government treasury bond at yield of 8.93 per cent.
    — Commercial Bank of Ceylon PLC