Dhaka, Bangladesh (BBN)

The cut off yield, generally known as interest rate, on the 91-Day T-bills remained unchanged at 11.65 per cent on the day from the previous level while the yield on 182-Day T-bills was stay at 11.80 per cent from the earlier.

The yield on 364-Day T-bills came down to 11.95 per cent on the day from 12.00 of the previous level, according to the central bank’s auctions result.

The government borrowed more than BDT 75.82 billion against the pre-auction targeted amount of BDT 80 billion through issuing the T-bills on the day to partially meet its budget deficit.

Currently, four T-bills are transacted through auction to adjust government borrowings from the banking system. The T-bills have 14-day, 91-day, 182-day and 364-day maturity periods.

The bills are short-term investment tools issued through auction, conducted by the central bank on behalf of the government.

Furthermore, five government bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.

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Dhaka, Bangladesh (BBN)

The cut off yield, generally known as interest rate, on the 91-Day T-bills remained unchanged at 11.65 per cent on the day from the previous level while the yield on 182-Day T-bills was stay at 11.80 per cent from the earlier.

However, the yield on 364-Day T-bills also remained unchanged at 12.00 per cent on the day from the previous level, according to the auction results.

The government borrowed nearly BDT 73.43 billion against the pre-auction targeted amount of BDT 80 billion through issuing the T-bills on the day to partially meet its budget deficit.

Currently, four T-bills are transacted through auction to adjust government borrowings from the banking system. The T-bills have 14-day, 91-day, 182-day and 364-day maturity periods.

Furthermore, five government bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.

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Bangladesh Taka

Dhaka, Bangladesh (BBN) - The government borrowed nearly BDT 62 billion instead of BDT 30 billion on Thursday through issuing 91-Day Treasury Bills (T-Bills) to meet budget deficit partly for the outgoing fiscal year (FY), 2023-24.

The ongoing stable trend of yield on 91-Day T-bills continued on the day as banks may express unwillingness to invest their excess liquidity in the short-term securities.

The cut off yield, generally known as interest rate, on the 91-Day T-bills remained unchanged at 11.65 per cent on the day from the previous level, according to auction results.

The government borrowed nearly BDT 61.91 billion against the pre-auction targeted amount of BDT 30 billion through issuing the T-bills on the day to partially meet its budget deficit.

Currently, four T-bills are transacted through auction to adjust government borrowings from the banking system. The T-bills have 14-day, 91-day, 182-day and 364-day maturity periods.

The bills are short-term investment tools issued through auction, conducted by the central bank on behalf of the government.

Furthermore, five government bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.

BBN/SSR/AD

Dhaka, Bangladesh (BBN)

The cut off yield, generally known as interest rate, on the 91-Day T-bills remained unchanged at 11.65 per cent in the immediate past auction from the previous level, according to auction results.

The government is set to borrow BDT 30 billion on the day through issuing the short-term securities to meet budget deficit partly for the outgoing fiscal year (FY), 2023-24.

“The government may borrow more if the participation rises with quoting reasonable yield on the T-bills,” a market insider indicated.

He also said the government has faced huge pressure on payments as ending this FY on June 30.

Currently, four T-bills are transacted through auction to adjust government borrowings from the banking system. The T-bills have 14-day, 91-day, 182-day and 364-day maturity periods.

The bills are short-term investment tools issued through auction, conducted by the central bank on behalf of the government.

Furthermore, five government bonds, with tenures of two, five, 10, 15 and 20 years respectively, are traded on the market.

BBN/SSR/AD

BBN file photo

Dhaka, Bangladesh (BBN) – Overall transactions in the money market crossed BDT 91 billion-mark on Tuesday while the call money rates remained unchanged.

The volume of overall transactions in the money market rose to BDT 91.10 billion on the day from BDT 86.48 billion of the previous level, according to the Bangladesh Bank (BB) statistics, released on Thursday.

The weighted average rate on call money remained unchanged at 4.05 per cent on Tuesday from the previous level while the inter-bank call money rate also remained stable in the range between 3.05 per cent and 4.50 per cent.

However, most of the deals were settled between 3.25 per cent and 4.00 per cent, according to the market operators.

“The demand for local currency increased mainly due to adjust internal requirement of some banks,” a senior treasury official of a leading private commercial bank told BBN while explaining the latest situation on the market.

However, the exchange rate of Bangladesh Taka (BDT) remained unchanged against the US dollar in the inter-bank foreign exchange market in early hour transactions on Wednesday.

The US dollar was quoted at BDT 80.70 unchanged from the previous working till the report was filed at 11:01 am (local time).

However, the local currency depreciated slightly again the US dollar at customer level for clearing import payment obligations.

The average exchange rate of US dollar rose to BDT 81.6745 for bill for collection (BC) on Tuesday from BDT 81.6632 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).

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BBN file photo

Dhaka, Bangladesh (BBN) - The exchange rate of US dollar may gain slightly against the Bangladesh Taka (BDT) on Tuesday particularly at customer level, market operators hinted.
A few numbers of banks will have to buy the US currency from the market by the end of today to comply with their net open position (NOP) limits, a senior treasury official of a leading commercial bank told BBN in Dhaka.
The banks have already arranged a payment amounting to US$90 million as dividend for the Grameenphone’s overseas shareholders, he added.
The fund is set to remit on Tuesday, according to the treasury official.
The exchange rate of US dollar witnessed an upward trend at customer level while the exchange rate of BDT remained unchanged against the greenback in the inter-bank foreign exchange market in early hour transactions on Tuesday.
The US dollar was quoted at BDT 80.70 unchanged from the previous working till the report was filed at 11:20 am (local time).
However, the local currency has maintained a stable mode again the US dollar at customer level for clearing import payment obligations.
The average exchange rate of US dollar stood at BDT 81.5425 for bill for collection (BC) on Monday from rose to BDT 81.5179 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).

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Dhaka, Bangladesh (BBN) - The BBN (Bangladesh Business News) has prepared the morning business round up compiling reports, published by different newspapers and news portals in Bangladesh.

Country’s trade deficit set to hit record $10b in FY17
The country’s trade deficit is set to cross $10 billion for the first time in the just concluded fiscal 2016-17 as the deficit in the first 11 months of the year stood at $9.19 billion, increasing by 42.58 per cent compared with that of the same period of FY16. Bangladesh Bank officials said that the trade deficit might cross $10 billion mark in the just-concluded fiscal year as export earnings decreased to $3.04 billion in June of FY17, posting a year-on-year negative growth of 15.27 per cent, from $3.50 billion during the corresponding month of FY16.

Govt to identify depositors, take action
The government after proper investigation would take action against the Bangladeshis who have deposited money in Swiss banks, Food Minister Qamrul Islam said in parliament yesterday while filling in for the finance minister. He made the comment while replying to a supplementary question from Jatiya Party lawmaker Pir Fazlur Rahman.

CPD calls on govt to form reform commission to stop looting of banks
The Centre for Policy Dialogue has called for steps to form a transparent reformation commission to put an end to banking scams. The local think tank also stressed on the need for political goodwill to this end. CPD made the observations at a national budget discussion titled National Budget FY2017-18: Post-Approval Observations, held in Brac Centre Inn in the capital on Monday.

Set energy prices for a certain period
A number of Singaporean business-people yesterday called for adequate supply of gas and a fixed energy price for a certain period as they explore investment opportunities in Bangladesh. The subjects surfaced during a meeting between the Bangladesh Investment Development Authority (BIDA) and a delegation of the Singapore Business Federation at the capital's Sonargaon hotel.

Bangladesh’s stock turnover hits four-month high
Bangladesh’s stocks ended higher on Monday, with key index of the prime bourse hitting new high, as optimistic investors continued their buying spree amid optimism. Daily trade turnover on Dhaka Stock Exchange (DSE) also stood at BDT 12.64 billion, for the first time in nearly four months since March 22 this year, as investors put fresh stakes on stocks.

Export earnings from Germany cross $5b as US, UK markets slump in FY17
Country’s export earnings from Germany crossed $5 billion in the just concluded financial year 2016-17 while exports to the United States and the United Kingdom, the major markets for Bangladesh, slumped by more than 6 per cent in the year. Experts and exporters said that the export earnings slumped in the major markets due to global fall in apparel demand and appreciation of local currency (Taka) against Dollar as well as fall in price of Euro and Pound.

Muhith releases names of 100 top loan defaulters
Finance Minister AMA Muhith revealed a list of top 100 loan defaulters at the Jatiya Sangsad on Monday. According to Muhith, financial institutions in Bangladesh currently have defaulted Tk1,11,347cr. The spree of financial disclosure was a response to a query by MP Muhibur Rahman Manik.

Bangladesh should go for high-end apparel
Bangladesh should focus more on value added, high-end apparel items rather than basic, traditional products to make the business sustainable amidst the fierce competition in the global garment trade, a group of European garment buyers said yesterday. The European fashion market is rebounding as the retail sales of garment items have been increasing by 3-4 percent year-on-year over the last few years, the retailers said.

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Dhaka, Bangladesh (BBN

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BBN file photo

Dhaka, Bangladesh (BBN) - The average exchange rate of the Bangladesh Taka (BDT against the US dollar fell drastically at customer level on Thursday, bankers said.
The average exchange rate of US dollar came down to BDT 82.1708 for bills for collection (BC) on the day from BDT 83.6683 of the previous day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
Such falling trend came against the backdrop of imposed cap by the central bank on fixation of the exchange rates on the greenback at the customer level.
Under the new arrangement, the banks are allowed to fix their BC selling US dollar rates at inter-bank exchange rate plus BDT 2.0 to keep the overall foreign exchange market stable.
The Bangladesh Bank (BB) had imposed such cap on fixation of the US dollar rate at customer level to ensure stability in the country’s foreign exchange market.
Recently, at least three foreign commercial banks (FCBs) had quoted nearly BDT 85 to their customers for making import payment obligations.
Lower supply of the greenback in the market pushed up the demand for the US currency in Bangladesh in the recent months, a senior treasury official of a leading private commercial bank explained.
He also said the value of the local currency vis-à-vis the greenback is dependent on the demand for settling import payments and the availability of the latter from exports and inward remittances.

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