Dhaka, Bangladesh (BBN) – The local currency maintained stable during the week of October 12 to October 16 last against the US dollar and traded around 77.40 levels.
The market will see the same tone in the next week, experts said.
The average daily inter-bank USD/BDT transaction volume was about $36.17 million against around $44.85 million of the week before.
Most of the banks kept their published foreign exchange rates unchanged last week. The USD/BDT selling rates for importers of major Foreign and Private Banks was at 77.60-78.10, while USD Buying rates from exporters were at 76.60-77.10.
For non-commercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc. The average T.T Selling rate was at 77.8322 on the last working day.
USD/BDT Swap market last week was very much active. The daily average volume of swap transaction was around $70.00 million.
The local call money rate observed little bit pressure due to Eid and Puja. The market traded around 8.25 per cent. The Bangladesh Bank (BB) supported commercial banks using Repo, reverse Repo and assured liquidity support windows.
The central bank accepted 91-day treasury bills (T-bill) and 182-day T-bill. The cut off yield of 91-day was 7.53 per cent and 182-day was 7.75 per cent.
It also accepted 5-Year Govt. Treasury Bonds at yield of 9.59 per cent.
BBN/SSR/AD-18Oct14-5:38 pm (BST)
