(May 31-June 4, 2015)
The local currency maintained stable tone last week against the greenback.
Bangladesh received USD1.29 billion as inward remittances in April, 2015. The market might see the same tone next week as well.
The average daily inter-bank USDBDT transaction volume was about $ 28.17 million against $ 44.72 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 hovered between the range of 76.90-77.50 while average T.T selling rate was at 78.1755 on the last working day.
USD/BDT swap market in this week remained brisk. The daily average volume of swap transaction was around $ 60.00 million.
Local money market
This week, the local call money market rate stood around 5.25 per cent. The Bangladesh Bank supported commercial banks through reverse repo window. Bangladesh Bank accepted 91 days and 364 days T/Bill. The cut-off yield of 91 days was 5.43 per cent and 364 days was 6.90 per cent.
— Commercial Bank of Ceylon PLC
Local currency shows stable tone
FE Team | Published: June 06, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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