Local FX Market
Demand for US dollar was stable in throughout the week and USD rose marginally against Bangladeshi taka.

Money Market
In the Treasury bill auction held on Sunday, bid for BDT 7370.00 million was accepted for this week.

Overnight money market was steady throughout the week. The call money rate remained unchanged throughout the week and ranged between 6.50 and 7.00 percent.

International FX Market
The dollar fell to a one-month low against a basket of major currencies on Friday after the government reported a slowdown in US economic growth in the third quarter that was more dramatic than expected. In late trading in New York it registered its biggest monthly fall against a basket of currencies since May. The week began as the yen rose towards a one-month high against the dollar on Monday after soft US growth data and as traders looked to the release of a Bank of Japan economic outlook report for clues about when Japanese interest rates will climb further. The euro fell off the record high hit against the yen on Friday. The yen showed little reaction to data showing Japanese industrial production fell 0.7 percent in September from a month earlier, a result mostly in line with a median market forecast for a decline of 1.0 percent.

In the middle of the week, the yen steadied against the dollar on Tuesday after closely watched Bank of Japan report did little to change market expectations that the central bank would wait until next year to raise interest rates. In its twice-yearly outlook on the economy and prices, the BOJ reiterated that it would gradually adjust rates based on economic and price conditions, a message that was echoed by BOJ Governor Toshihiko Fukui. The dollar steadied against major rivals on Wednesday, consolidating fails to one-month lows after Tuesday's below-forecast Midwest business activity data hardened expectations for US interest rates to stay on hold for now. The euro was holding steady against the dollar, having hit its highest in just over a month on Tuesday.

Standard Chartered Bank