Bangladesh’s banks’ excess liquidity decreases slightly

Bangladesh Taka. BBN file photo

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

Bangladesh’s stocks mostly lower in midday trading
Bangladesh’s stocks were trading mostly lower amid thin trade in midday trading on Monday.

Bangladesh Taka stays stable against greenback
The exchange rate of Bangladesh Taka (BDT) against the US dollar in both inter-bank foreign exchange market and customer level remained stable in early hour transactions on Monday.

Bangladesh plans to introduce buyback policy for securities
The Bangladesh government has planned to introduce a buyback policy for its securities to bring dynamism in the secondary market.

Rain likely entire day
The entire country including capital Dhaka is likely to experience sporadic rains the whole day today in effect of the depression that formed in the Bay, which has now moved over Bhola and lies as a land depression.

Sensex drops 120 points ahead of macro data, Fed policy meet
The benchmark BSE index Sensex was trading down by nearly 120 points as traders remained wary ahead of IIP and inflation data due later in the day. Also, weak Asian cues dampened the trading sentiment.

Rupee weakens to 64.39 ahead of IIP, inflation data
The ongoing political churn in the UK cast its cloud on the rupee as it depreciated 15 paise to 64.39 against the US dollar in early trade ahead of release of key IIP and inflation data later in the day.

Asian shares in the red as markets turn cautious; Australia and Malaysia closed
Asian shares traded in negative territory on Monday as markets turned cautious, following the surprise hung parliament result from the U.K. election last Friday and ahead of a two-day Federal Reserve meeting that begins on Wednesday.

Gold edges up on weaker stocks, dollar ahead of Fed meeting
Gold inched up on Monday as Asian stocks fell and the dollar eased ahead of a U.S. Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of the year.

Oil prices driven up by futures bets, but market remains bloated
Oil prices rose early on Monday as futures traders bet the market may have bottomed after a recent steep fall, even as physical markets remain bloated by oversupply, especially from a relentless rise in U.S. drilling.
BBN/SSK/AD