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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
Bangladesh Bank sells US$10m to Rupali Bank
The central bank of Bangladesh has sold US$10 million to Rupali Bank Limited directly to meet the growing demand for the greenback in the market, officials said.
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 Thursday.
Bangladesh’s stocks face mild correction
Bangladesh’s stocks faced a mild correction on Thursday, after remaining positive in the past two consecutive sessions, as cautious investors booked profit on quick-gaining stocks.
United Power rules DSE week’s top turnover chart
United Power Generation and Distribution Company dominated the Dhaka Stock Exchange’s top turnover chart this week that ended on Thursday.
Nifty hits record closing high of 9,360, Sensex surges 231 points; bank stocks rally
The BSE benchmark Sensex climbed 231.41 points or 0.77 per cent to settle at 30,126.21. The index hit a high of 30,168.95, which was just short of all-time high of 30,184.22.
Indian rupee trading weak at 64.17
The Indian rupee was trading a tad weak at 64.17 against the US dollar in the mid-session deals on increased demand for the American currency from importers.
Top 5 things to know in the market on Thursday
Here are the top five things you need to know in financial markets on Thursday, May 4.
Most Asia markets lower as Fed sticks to hawkish bent, metal prices eyed
Asian markets were mostly lower on Thursday after the U.S. Federal Reserve 'stuck to a hawkish bent overnight and as metals prices tumbled.
Gold hits 6-week low on Fed rate hike concerns
Gold fell to a six-week low on Thursday as the dollar rose to a two-week high on expectations that the U.S. Federal Reserve may raise interest rates as early as June.
Oil down on lower-than-expected drop in US inventories
Oil prices fell for the fourth day in a row on Thursday, nearing their lowest level since late March after data showed a lower than expected decline in U.S. inventories.
Commodities nerves grow after Fed boosts dollar
The dollar surged against a number of major currencies on Thursday after the U.S. Federal Reserve played down any threats to this year's planned rises in interest rates, solidifying expectations of another move in June.
BBN/SS/ANS