USD/BDT maintained soft tone last week as well. Bangladesh Bank also purchased foreign currency from the interbank to mop up excess liquidity.
The market is expected to see the same tone next week as well.
The average daily inter-bank USD/BDT transaction volume was about $ 42.37 million against $ 55.84 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.
USDBDT Swap market in this week was very much active. The daily average volume of swap transaction was around USD 62.00 million.
This week, 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 7.50 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 364 days T/Bill. The cutoff yield of 91 days was 7.26 per cent and 364 days was 8.03 per cent. It also accepted 5 Years Govt. Treasury bond at yield of 9.45 per cent.
— Commercial Bank of Ceylon PLC
Greenback/BDT maintains soft tone
FE Team | Published: March 14, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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