Weekly currency mkt update

The local currency remained stable last week (April 27-30) against the greenback and was traded around 77.65 levels. "We feel that market will see the same tone next week as well," the weekly report of Commercial Bank of Ceylon said. The average daily inter-bank USDBDT transaction volume was about USD 32.14 million against around USD 39.05 million of the week before. Most of the banks kept their published foreign exchange rates unchanged this week. The USD/BDT selling rates for importers of major Foreign and Private Banks was at 77.82-78.30, while USD Buying rates from exporters were at 76.82-77.30. For noncommercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc, the average
T.T Buying rate was in the range of 76.82-77.30while average T.T Selling rate was at 78.0688 on the last working day. USDBDT Swap market in this week was very much active. The
daily average volume of swap transaction was around USD 45.65 million. This week, the local call money market traded around 7.00%.The Bangladesh Bank supported commercial banks through assured liquidity support and reverse repo windows. Bangladesh Bank accepted 91 days and 182 days T/Bill. The cutoff yield of 91-Days T-Bill was 7.25% and 182 days was 7.70%.