The local currency was stable last week against the greenback and was traded at around 77.80 levels. The market will start receiving more inward remittances in coming week. We feel that market will be experiencing soft tone next week as well.
The average daily inter-bank USD-BDT transaction volume was about USD 33.40 million against USD 43.03 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, the average T.T buying rate hovered between the range of 76.90-77.50 while average T.T selling rate was at 78.1716 on the last working day.
USD-BDT swap market in this week remained active as well. The daily average volume of swap transaction was around USD 65.00 million.
Local money market
This week, the local call money market was traded between a range of 5.25 per cent and 5.50 per cent. The Bangladesh Bank supported commercial banks through reverse repo window. Bangladesh Bank accepted 91 days and 364 days T/Bill. The cutoff yield of 91 days was 6.58 per cent and 182 days was 7.48 per cent.
— Commercial Bank of Ceylon PLC
More inward remittances to keep market stable
FE Team | Published: May 23, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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