Bangladesh’s banks’ excess liquidity decreases slightly

Bangladesh Taka. BBN file photo

Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.

Depreciating mode of Bangladesh Taka continues at closing
The depreciating mode of Bangladesh Taka (BDT) against the US dollar continued following higher demand for the greenback in the inter-bank foreign exchange market on Wednesday.

Bangladesh’s stocks return to red
Bangladesh’s stocks returned to the red on Wednesday, after a single-session break, as late hours’ sale pressure wiped out all of the early gains.
Farm’s share to GDP declines
Share of agriculture in the country’s national economy is estimated to decline in the current fiscal year (FY17), according to Bangladesh Bureau of Statistics (BBS).

Sensex ends at new closing high of 30,659; Nifty jumps to 9,526
The benchmark BSE Sensex ended at a new closing peak of 30,658.77, up 76.17 points or 0.25 per cent and the NSE index Nifty gained 13.50 points or 0.14 per cent to a record 9,525.75.

Indian rupee a tad weak at 64.09
The Indian rupee was trading a tad weak at 64.09 due to mild dollar demand from banks and importers despite dollar remaining weak against other currencies overseas.

Asian markets fall as safe-haven yen climbs
Asian markets were mostly lower on Wednesday, with Dow futures tumbling and the safe-haven yen climbing amid political and legal turmoil surrounding President Donald Trump.

Gold rises to two-week high amid Trump concerns
Gold hit a two-week high on Wednesday as Asian stocks slipped and the dollar fell amid political uncertainty after a source said President Donald Trump asked the FBI to end a probe into his former security adviser.

Oil dips on U.S. inventory build, defies OPEC-led cut efforts
Oil prices fell on Wednesday after industry data showed a surprise increase in U.S. crude inventories despite OPEC-led output cuts that Saudi Arabia and Russia want extended.

Top 5 things to know in the market on Wednesday
Here are the top five things you need to know in financial markets on Wednesday, May 17.