Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Tuesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks plunge at midday
Bangladesh’s stocks plunged at midday on Tuesday facing roller coaster ride as investors remained on selling spree.
Bangladesh Taka remains stable against US dollar
The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained stable in early hour transactions on Tuesday.
Yield on 5-Year BGTB to rise on Tuesday
The interest rates on the Bangladesh government security is likely to rise today (Tuesday) as banks are not interested to buy the instruments ahead of the Eid.
Landslide triggered by rain kills 25 in hilly areas
At least 25 people have been killed in landslide in the hilly districts south, followed by yesterday’s daylong downpour that was influenced by a depression in the Bay.
Indian rupee rules steady at 64.43
In a range-bound trade, the Indian rupee ruled steady against the American currency at 64.43 per dollar in the late morning trade despite dollar remaining weak against other currencies overseas.
Sensex up 81 points; HDFC, Lupin top gainers
The Sensex and Nifty were trading higher by nearly 0.3 per cent as much softer-than-expected inflation data fuelled hopes of a rate cut by the central bank at its next policy review in August, with some traders even pushing for a move ahead of the meeting.
Shares in Asia close mostly higher after tech stocks continue decline on Wall Street
Markets in Asia closed mostly in the green on Tuesday after tech stocks extended their losses stateside.
Gold holds steady; market awaits cues from Fed meeting
Gold held steady on Tuesday as investors remained cautious ahead of a two-day U.S. Federal Reserve meeting that is likely to provide hints on the central bank’s interest rate policy for the remainder of the year.
Oil edges up on Saudi pledge to make real supply cuts
Oil prices edged up early on Tuesday, lifted by statements that OPEC-leader Saudi Arabia was making significant supply cuts to customers, although rising U.S. output meant that markets remain well supplied.