The local currency depreciated a little bit against the greenback during the week of October 26 to October 30 last and traded around 77.41 levels. The market will see the same tone next week.
The average daily inter-bank USD/BDT transaction volume was about $33.21 million against around $46.20 million of the week before.
Most of the banks kept their published foreign exchange rates unchanged last week. The USD/BDT selling rates for importers of major Foreign and Private Banks was at 77.60-78.00, while USD Buying rates from exporters were at 76.60-77.00. For non-commercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc. The average T.T Selling rate was at 77.8420 on the last working day.
USD/BDT Swap market last week was very much active. The daily average volume of swap transaction was around $50.00 million.
The local call money rate started to be eased after Eid and Puja and closed the week at around 7.50 per cent. The Central Bank supported commercial banks through Repo, Reverse Repo and ALS windows. Bangladesh Bank accepted 91-day T-Bill and 182-day T-Bill.
The cutoff yield of 91-day was 7.41 per cent and 182-day was 7.75 per cent. It also accepted 15-Year Govt. Treasury bond at yield of 11.42 per cent and 20-Year Govt. Treasury bond at yield of 11.98 per cent.
— Commercial Bank of Ceylon PLC
Local currency loses value slightly
FE Team | Published: November 01, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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