Thursday’s midday business round up of Bangladesh

Last updated: December 8, 2016

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

US dollar crosses 80-mark against Bangladesh Taka
The exchange rate of US dollar has crossed 80-mark against the Bangladesh Taka (BDT) at customer level mainly due to higher demand for the greenback to settle import payment obligations. The US dollar was quoted at more than BDT 80 by at least three commercial banks on Wednesday, according to treasury official of banks.

Bangladesh’s stocks mixed at midday
Bangladesh’s stocks turned into mixed mood after witnessing early hour upward movement on Thursday, the last trading session of the week. Both the Dhaka Stock Exchange (DSE), the prime bourse of Bangladesh, and Chittagong Stock Exchange (CSE), the port city bourse of the country, opened with a positive note within 15 minutes of the day’s trading.

Rupee up 19 paisa at 67.44 on sustained dollar selling
The rupee gained 19 paisa to 67.44 against the dollar in early trade today due to sustained selling of the US currency by exporters and banks, a higher opening in the domestic equity market and foreign fund inflows. This was the third consecutive day of rise for the domestic currency, reports The Hindu Business Line.

Sensex spurts 348 points; auto, metal stocks shine
The Nifty and the Sensex continued their upward trend after discounting the status quo on interest rates by the RBI with both the indices opening and trading in the green. The Nifty opened 50 points up at 8,152, while the Sensex opened 130 points up at 26,367, reports The Hindu Business Line.

Water taxi service in Hatirjheel from December 16
The water taxi service for the first time in Dhaka will be launched in Hatirjheel lake on the Victory Day.
Local Government and Rural Development and Cooperative Minister Khandker Mosharraf Hossain, Home Minister Asaduzzaman Khan Kamal and Dhaka North City Corporation (DNCC) Mayor Annisul Huq were supposed to attend the inaugural event on December 16, says Hatirjheel Project Director Major Kazi Shakil Hasan.

Maritime ports asked to hoist distant cautionary signal no 1
Maritime ports in Chittagong, Cox’s Bazar, Mongla and Payra have been advised to hoist distant cautionary signal no one following the formation of deep depression over the southeast Bay. The depression over the southeast Bay and adjoining area moved northwards and intensified into a deep depression over the same area.

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