Taka stable against Dollar last week

remmitanceThe local currency maintained stable tone last week against the greenback and traded around 77.75 levels. We feel the market will see the same tone next week as well.

The average daily inter-bank USD/BDT transaction volume was about USD 56.58 million against around USD 26.71 million of the week before, reports FE.

Most of the banks kept their published foreign exchange rates unchanged this week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.90-78.40, while USD buying rates from exporters were at 76.90-77.40. For non- commercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc, the average TT buying rate was in the range of 76.90-77.40, while average TT selling rate was at 78.1367 on the last working day.

USD/BDT Swap market in this week was very much active. The daily average volume of swap transaction was around USD 60.00 million.