The local currency maintained soft tone against the greenback last week as the market received good amount of inward remittances. Bangladesh received $ 1.17 bio as inward remittances in Feb, 2015. The market is expected to see the same move next week as well.
The average daily inter-bank USD/BDT transaction volume was about $ 43.76 million against $ 21.86 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 78.00-78.50, while USD Buying rates from exporters were at 77.00-77.50. For non- commercial 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 77.00-77.50 while average T.T selling rate was at 78.2735 on the last working day.
USD/BDT swap market in this week was very much active. The daily average volume of swap transaction was around USD 65.00 million.
The local call money rate experienced down-ward trend due to some eased demand and market traded between a range of 7.00 per cent and 7.75 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 182 days T-Bill. The cut-off yield of 91 days was 7.26 per cent and 182 days was 7.65 per cent. It also accepted 02 Years Govt. Treasury bond at yield of 8.50 per cent.
— Commercial Bank of Ceylon PLC
Currency maintains soft tone against greenback
FE Team | Published: March 07, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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