TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK
Rate last updated: 02/01/2014 11:15:04 AM
The central bank has set interest rates on deposit collection at 7% and loans at 11% for the country’s non-banking financial institutions (NBFI). These interest rates will be effective from 1 July this year, according to a Bangladesh Bank circular issued to the commercial banks’ chief executives and managing directors on Monday.The circular further said from 1 July 2022, interest rates on any types of deposits and loans cannot exceed the prescribed rates. However, the interest rate on deposits taken by the customers earlier will remain the same till the term of those debts expire. Some well-positioned financial institutions are already collecting deposits at 6-7% rate, but it will be difficult for most financial institutions to collect deposits at 7% as they need more.Banks have many income opportunities other than interest on loans, which the non-banking financial institutions do not have. We will apply to the central bank to fix the interest rates on deposits and loans at 8% and 12% respectively
Source: https://www.tbsnews.net/economy/banking/bb-fixes-7-interest-deposits-11-loans-nbfis-405362
Gold prices jumped about 1 per cent to a more than one-month high on Monday as concerns over the economic fallout from the Russia-Ukraine war and surging inflation drove investors to the safe-haven asset. Spot gold was trading at $1,993.28 per ounce as of 0947 GMT, its highest level since March 11. US gold futures jumped 1.2 per cent to $1,997.70 per ounce.From a technical perspective, spot gold may face little resistance once it goes north of $2,000. However, gold’s ability to keep its head above $2000 may be strained once real yields break into positive territory.
Source: https://www.thedailystar.net/business/economy/news/gold-climbs-1-month-high-3007476
Dhaka stocks underwent a massive erosion yesterday, with a dearth of buyers and panicked investors pressing for sales pulling the index below 6,500 points again after one and a half months.The Bangladesh Securities and Exchange Commission (BSEC) launched a circuit breaker last month to activate in case of a 2 per cent share price drop, all to prevent the market from going on a free fall.The market is driven by stocks that fall victim to manipulation, so stocks with good performance records were bearish over the past couple of weeks, hurting thoughtful investors. The DSEX, the benchmark index of the DSE, plunged 72 points, or 1.10 per cent, to 6,482 at the end of the day. This is lowest point to be reached since March 8, when the index dropped to 6,474 points.Chittagong Stock Exchange also fell yesterday. The CASPI, the main index of the CSE, plummeted 172 points, or 0.89 per cent, to close the day at 19,130.
| Index Name | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| DJIA | $ 34,411.69 | ↓39.54 | ↓0.11% |
| FTSE100 | $ 7,616.38 | ↑35.58 | ↑0.47 % |
| Nikkei 225 | $ 26,830.82 | ↑31.11 | ↑0.12 % |
| Commodity | Close Value | Value Change | Percentage Change |
|---|---|---|---|
| Crude Oil (WTI) | $ 108.62 | ↑0.41 | ↑0.38% |
| Crude Oil (Brent) | $ 113.90 | ↑0.74 | ↑0.65% |
| Gold Spot | $ 1,978.02 | ↓0.89 | ↓0.05 % |
| Exchange Rates | |
|---|---|
| USD 1 | BDT 86.2000 |
| GBP 1 | BDT 112.5944 |
| EUR 1 | BDT 93.1822 |
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