Dhaka, Bangladesh (BBN) – Bangladesh’s both foreign exchange and money markets remained almost stable while the stocks fell in early hours of trading on Wednesday.
The call rate ranged between 6.75 per cent and 8.0 per cent unchanged from the previous level, 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 Bangladesh Bank (BB) purchased US$20 million more from a commercial bank on Monday to help keep the inter-bank foreign exchange (forex) market stable.
“The central bank may purchase more US dollars from the banks within a couple of days,” a BB senior official hinted.
A total of $2.80 billion was bought from the commercial banks between July 2 and April 27 of the current fiscal year (FY) 2014-15 for offsetting its increased supply to the market.
DSEX, the prime index of the DSE went down by 39.76 points or 0.96 percent to reach at 4,078.72 points after first 30 minutes of trade when the report was filed at 11am.
The port city bourse – the CSE also saw negative trend in early hours of trading with its Selective Category Index — CSCX – lost 39.42 points to stand at 7,654.11 points, also at 11am.