Ineffectiveness of monetary tools BB sets LC rate at Tk87.90 per dollar; market rate Tk95-97 BB sets deposit rate above inflation; banks set 4% deposit rate, while inflation is 6% Official remittance rate Tk87.90 per dollar; kerb market rate Tk97-100 Inflation target 5.4%; April rate 6.29% Policy rate 4%; call money rate 4.76-8.60% At a time when the country's money market has
The rupee rose for the second straight session on Monday to close 7 paise higher at a one-and-a-half month high of 73.22 against the US dollar on the back of positive domestic equities and weak American currency. At the interbank forex market, the rupee opened higher at 73.24 and moved in a narrow range of 73.16 to 73.26 in day trade. The Indian rupee appreciated on Monday extending gains from Friday against the greenback tracking strong local equities and on bets that the second COVID-19 wave in the country may have peaked, said Sriram Iyer Senior Research Analyst at Reliance Securities. Regional currencies were mostly weaker against the US Dollar and capped gains, Iyer noted.
Negative renter: Hvad er erhvervsministeren ude på? finans.dk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finans.dk Daily Mail and Mail on Sunday newspapers.
Sudan announces managed currency float amid economic crisis yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.