|Published : 14 Apr 2017, 13:00:08 | Updated : 14 Apr 2017, 18:43:01|
Inter-bank transaction volume rises to $7.0m
FE Online Desk
Local foreign exchange market continued to move upward in the week ended Thursday. Demand for dollar due to import payments may push the USD-BDT rate in the coming weeks. The exchange rate of the dollar is now BDT 79.90 in the inter-bank market.
The average daily inter-bank USD-BDT transaction volume was about USD 7.00 million against USD 5.16 million of the preceding week.
Most of the banks kept their USD/BDT rates unchanged for customers in the week. The USD/BDT selling rates for importers of major foreign and private banks was at Tk 79.55-80.65, while USD buying rates from exporters were at 80.55-81.65. For non- commercial payments such as telegraphic transfer as donations, wage earners remittance, dollar drafts etc, the average T.T buying rate was in the range of Tk 78.90-80.24 while average T.T selling rate was at Tk 81.01 on the last working day. USD-BDT swap market in the week remained active. The daily average volume of swap transaction was around USD 40.56 million, according to the weekly analysis of Commercial Bank of Ceylon.