Foreign exchange: Taka remains stable against dollar    

The exchange rate of Taka vis-à-vis US dollar maintained stable tone last week. The market will see the same tone next week as well.

The average daily inter-bank USD/BDT transaction volume was about $25.73 million against around $50.23 million of the week before.

 Most of the banks kept their published foreign exchange rates unchanged last week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.82-78.35, while USD Buying rates from exporters were at 76.82-77.35. 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 76.82-77.35 while average T.T Selling rate was at 78.0678 on the last working day.

USD/BDT Swap market last week was very much active. The daily average volume of swap transaction was around $ 48.50 million, reports the Financial Express.

The local call money market traded around 7.00 per cent. The Central Bank supported commercial banks through assured liquidity support and Reverse Repo windows. Bangladesh Bank accepted 91-day and 364-day T/Bills. The cutoff yield of 91-day T-Bill was 7.35 per cent and 364-day was 7.99 per cent. It also accepted 15-Year Govt. Treasury bond at yield of 11.97 per cent and 20 Years Govt. Treasury bond at yield of 12.14 per cent.