The local currency maintained a bullish tone during the week ending Thursday. The week started at 77.95/USD and gradually came down to 77.85/USD.
Increased amount of inward remittances and export volume in the beginning of month eased the market. Bangladesh received $1.27 billion and $2.84 billion as inward remittances and exports respectively in the month of December, 2014. Market experts foresee some further depreciation in coming week as well.
The average daily inter-bank USD/BDT transaction volume was about $30.12 million against $28.45 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 78.30-78.90, while USD buying rates from exporters were at 77.15-77.75. 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 77.30-77.90 while average T.T selling rate was at 78.5507 on the last working day.
USD/BDT swap market last week remained brisk with daily average
volume of swap transaction was around $ 60.00 million.
The local call money rate experienced down-ward trend due to
some eased demand and market traded between a range of 7.75 per cent and 8.50 per cent on the last day of the week.
Bangladesh Bank supported commercial banks through Reverse Repo and ALS windows. Bangladesh Bank accepted 91-day and
364-day T-Bill. The cutoff yield of 91-day was 7.79 per cent and 364-day was 8.30 per cent. Bangladesh Bank also accepted 5-Year Govt. Treasury bond at yield of 9.50 per cent.
— Commercial Bank of Ceylon PLC
Local currency maintains bullish tone
FE Team | Published: January 17, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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