USD/BDT mkt maintains soft tone

USD/BDT market maintained soft tone last week as the country received more inward remittances ahead of Eid-ul-Azha. The market was traded around 77.80 levels with significant downward pressure.
The average daily inter-bank USDBDT transaction volume was about USD 42.78 million against USD 77.60 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 telegraphic 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 78.1798 on the last working day.
USD/BDT Swap market in this week was active. The daily average volume of swap transaction was around USD 45.15 million.
LOCAL MONEY MARKET
This week, the local call money market was around 5.30 per cent. The Central 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 5.34 per cent and that of 364 days was 6.20 per cent. It also accepted 10 Years Govt Treasury bond at yield of 8.18 per cent.
    — Commercial Bank of Ceylon