Local currency maintains
stable tone last week
Feb 2 - Feb 6, 2014
Commercial Bank of Ceylon PLC
The local currency maintained stable tone last week. Bangladesh received $ 1.25 billion as inward remittances in January, 2014. The market will see the same tone next week as well.
The average daily inter-bank USD/BDT transaction volume was about $ 42.77 million against around $ 21.19 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 77.90-78.40, while USD Buying rates from exporters were at 76.90-77.40. For non-commercial payments such as Tele Graphic Transfer such as donations, wage earners remittance, dollar drafts etc, the average T.T Buying rate was in the range of 76.90-77.40 while average T.T Selling rate was at 78.1381 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 million.
The local call money market traded around 7 per cent. The Central Bank supported commercial banks through assured liquidity support and Reverse Repo windows. Bangladesh Bank accepted 91 days T/Bill of Tk 7 billion and 182 days T/Bill of Tk 6 billion. The cutoff yield of 91-Days T-Bill was 7.40-7.43 per cent and 182 days T/Bill was 8.18-8.27 per cent. It also accepted 2 Years Govt. Treasury bond at yield of 9.67 per cent.
stable tone last week
Feb 2 - Feb 6, 2014
Commercial Bank of Ceylon PLC
The local currency maintained stable tone last week. Bangladesh received $ 1.25 billion as inward remittances in January, 2014. The market will see the same tone next week as well.
The average daily inter-bank USD/BDT transaction volume was about $ 42.77 million against around $ 21.19 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 77.90-78.40, while USD Buying rates from exporters were at 76.90-77.40. For non-commercial payments such as Tele Graphic Transfer such as donations, wage earners remittance, dollar drafts etc, the average T.T Buying rate was in the range of 76.90-77.40 while average T.T Selling rate was at 78.1381 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 million.
The local call money market traded around 7 per cent. The Central Bank supported commercial banks through assured liquidity support and Reverse Repo windows. Bangladesh Bank accepted 91 days T/Bill of Tk 7 billion and 182 days T/Bill of Tk 6 billion. The cutoff yield of 91-Days T-Bill was 7.40-7.43 per cent and 182 days T/Bill was 8.18-8.27 per cent. It also accepted 2 Years Govt. Treasury bond at yield of 9.67 per cent.
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