Bangladesh’s FX, money markets open stable, stocks fall

Last updated: February 1, 2015

Dhaka, Bangladesh (BBN) - Bangladesh’s both foreign exchange and money markets remained almost stable while the stocks see a downward trend in early hours of trading on Sunday, the first trading session of the week.

The call rate ranged between 7.0 per cent and 9.25 per cent on the day unchanged from the previous level. But most of the deals were made at rates between 7.50 per cent and 8.50 per cent on the day, market operators said.

On the other hand, the banks quoted the dollar signal rate at BDT 77.80 on the day unchanged from the previous level.

The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) plunged in the early hours of trading on Sunday amid ongoing political turmoil across the country.

DSEX, the prime index of the DSE went down by 52.65 points or 1.11 percent to reach at 4,671.39 points after first 30 minutes of trading.

The port city bourse – the CSE also saw downward trend in early hours of trading with its Selective Category Index -- CSCX – lost 37.68 points to stand at 8,698.34 points, at 11am.

                                                  Daily market indicators
                                                      Latest                     Previous      
Inter-bank US$-BDT rate                77.80                      77.80
BC-selling US$-BDT rate                  78.45049                78.5244
TT-clean US$-BDT rate                   77.5549                  77.5244
Kerb market US$ rate                     78.30-78.70             78.40-78.80
Inter-bank call money rate               7.0% - 9.25%          7.0% - 9.25%
DSE general index                           4,724.05                  4,747.64
DIBOR                                           7.8259%                   7.8657%
ALS (in billion)                                 BDT 18.63                BDT 26.40
Reverse REPO (in billion BDT)            BDT1.65                    BDT 4.02
Forex reserve (in billion)                   $22.04                      $22.10

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BBN/SSR/AD-01Feb15-11:30 am (BST)

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