USD/BDT maintained stable tone last week as well. The country has received so far USD 657 million as inward remittances in first two weeks of this month. Bangladesh Bank also purchased foreign currency from the interbank to mop up excess liquidity.
We feel that market will see the same tone next week as well.
The average daily inter-bank USDBDT transaction volume was about USD 19.72 million against USD 46.87 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 Tele Graphic 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 78.2020 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 75.00 million.
Money Market
This week, the local call money rate experienced up-ward trend due to some eased demand and market traded between a range of 7.00 per cent and 7.50 per cent. The Bangladesh Bank supported commercial banks through Reverse Repo and ALS windows. Bangladesh Bank accepted 91 days and 182 days T/Bill. The cutoff yield of 91 days was 7.35 per cent and 182 days was 7.67 per cent. It also accepted 10 Years Govt. Treasury bond at yield of 10.82 per cent.
— Commercial Bank of Ceylon PLC
Greenback maintains stable tone
FE Team | Published: March 21, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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