Dhaka, Bangladesh (BBN)– Bangladesh Taka (BDT) appreciated significantly against the US dollar (USD) in the last week, touched its strongest level for this year, treasury officials said.
The inter-bank market traded at BDT 80.00/USD, with the central bank buying USD from the commercial banks directly to maintain stability and export competiveness of the local currency.
“We feel that market will feel the same tone next week as well,” a senior treasury official of a foreign commercial bank said.
The average daily inter-bank USDBDT transaction volume was about USD 23.13 million against USD 23.15 million of the week before. This week’s average volume was lower than that of the preceding week.
USDBDT Swap market was active this week. The average daily volume of swap transaction was around USD 31.15 million in this week.
Most of the banks kept their published foreign exchange rates same level this week. The USD/BDT selling rates for importers of major foreign and private banks was at 80.55-81.75, while USD buying rates from exporters were at 79.55-80.75.
For non- commercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc, the average T.T Buying rate was in the range of 80.55-81.75 while average T.T Selling rate was at 80.8844 on the last working day.
This week, the local call money market traded between 10.00% and 12.00%.
The Bangladesh Bank (BB) supported commercial banks through its Special Repo and assured liquidity support windows. The central bank accepted 91 days T/Bill of BDT 5.50 billion and 364 days T/Bill of BDT 6.00 billion.
The cutoff yield of 91-Days T-Bill was 8.94%-9.15% and 364 days T/Bill was 10.84%-11.18%. It also accepted 15 years Govt. Treasury bond worth of BDT 1.00 billion at yield of 12.10%, according to the auction results.
BBN/SSR/AD-22Dec12-11:40 am (BST)
