The local currency depreciated marginally against the greenback during the week between November 23 and November 27.
The central bank has sold some fresh US dollar to interbank to ease the market. A sharp increase of imports mainly capital machinery has pushed the demand.
The average daily inter-bank USD/BDT transaction volume was about $19.29 million against around $5.61 million of the week before.
Most of the banks kept their published foreign exchange rates high at the later part of the week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.80-79.50, while USD buying rates from exporters were at 76.80-78.50. 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 76.80-78.50 while average T.T selling rate was at 78.7694 on the last working day.
USD/BDT swap market last week was very much active. The daily average volume of swap transaction was around $55.00 million.
The local call money rate observed very soft tone and market traded around 7.00 per cent. Bangladesh Bank supported commercial banks through Reverse Repo and ALS windows. Bangladesh Bank accepted 91-day T-Bill and 182-day T-Bill. The cutoff yield of 91-day was 7.35 per cent and 182-day was 7.75 per cent. It also accepted 15-Year Govt. Treasury bond at yield of 11.47 per cent and 20-Year Govt. Treasury bond at yield of 11.98 per cent.
— Commercial Bank of Ceylon PLC.
The central bank has sold some fresh US dollar to interbank to ease the market. A sharp increase of imports mainly capital machinery has pushed the demand.
The average daily inter-bank USD/BDT transaction volume was about $19.29 million against around $5.61 million of the week before.
Most of the banks kept their published foreign exchange rates high at the later part of the week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.80-79.50, while USD buying rates from exporters were at 76.80-78.50. 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 76.80-78.50 while average T.T selling rate was at 78.7694 on the last working day.
USD/BDT swap market last week was very much active. The daily average volume of swap transaction was around $55.00 million.
The local call money rate observed very soft tone and market traded around 7.00 per cent. Bangladesh Bank supported commercial banks through Reverse Repo and ALS windows. Bangladesh Bank accepted 91-day T-Bill and 182-day T-Bill. The cutoff yield of 91-day was 7.35 per cent and 182-day was 7.75 per cent. It also accepted 15-Year Govt. Treasury bond at yield of 11.47 per cent and 20-Year Govt. Treasury bond at yield of 11.98 per cent.
— Commercial Bank of Ceylon PLC.
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