Tuesday’s evening business round up of Bangladesh

Last updated: October 17, 2017

Photo: Investing.com

Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Tuesday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.

Bangladesh’s stocks edge up for second day
Bangladesh’s stocks edged higher for the second day in a row on Tuesday as some optimistic investors took position on sector-wise stocks amid dividend expectation.

Depreciating mode of Bangladesh Taka continues
The depreciating mode of Bangladesh Taka (BDT) continued against the US dollar following higher demand for the greenback in the inter-bank foreign exchange market Tuesday evening.

15,000 Rohingyas stranded near Bangladesh-Myanmar border
The UN Refugee Agency is concerned about the humanitarian condition of thousands of new arrivals who are stranded near the Bangladesh-Myanmar border.

Indian rupee weakens to 64.94 on spurt in dollar demand
The Indian rupee weakened to 64.94 against the US currency in late morning trade due to continued bouts of dollar demand from banks and importers and a strong dollar overseas.

Sensex, Nifty end flat; Axis Bank, Tata Motors top losers
The NSE index ended little changed on Tuesday after hitting a third consecutive high earlier in the day, as investors turned cautious ahead of key corporate results, including from Wipro Ltd and Axis Bank.

Japanese markets close up for 11th straight day as oil holds onto gains
Japanese markets closed higher for an 11th straight session while a broader index of other Asian shares was little changed on Tuesday. Oil prices, meanwhile, held onto most gains on the back of geopolitical tensions.

Gold prices hold steady as geopolitical tensions support, firm dollar drags
Gold prices were mostly steady on Tuesday, pressured by a firmer dollar but supported by worries over geopolitical tensions in the Middle East and on the Korean peninsula.

Oil prices rise as Iraq fighting, rising US-Iran tensions restore risk premium to market
Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran.

Top 5 things to know in the market on Tuesday
Here are the top five things you need to know in financial markets on Tuesday, October 17.
BBN/SSK/ANS

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