More inward remittances to keep market stable

The  local  currency  was  stable  last  week against the greenback and was traded  at around 77.80 levels. The market will start receiving more inward remittances  in  coming week. We feel that market will be experiencing soft tone next week as well.
The  average daily inter-bank USD-BDT transaction volume was about USD 33.40 million against USD 43.03 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, the  average T.T buying rate hovered between the range of 76.90-77.50 while average T.T selling rate was at 78.1716 on the last working day.
USD-BDT  swap  market  in  this week remained active as well. The daily average volume of swap transaction was around USD 65.00 million.
Local money market
This  week, the local call money market was traded between a range of 5.25 per cent and 5.50 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 6.58 per cent and 182 days was 7.48 per cent.
    — Commercial Bank of Ceylon PLC