Interbank market news scan: Looking at Pakistan, India, and Bangladesh….

News Scan as of 9:53 am EDT

Interbank. Pakistan. Rupee. Dollar. The Pakistani rupee continued to lose its value for the tenth consecutive session, falling by Rs0.68 against the US dollar in interbank market. Source: The Nation. https://www.nation.com.pk/15-Sep-2022/rupee-extends-losses-against-us-dollar-in-interbank.

Interbank. Pakistan. India. India has lodged a protest with the US for finalising a deal to provide a $450-million sustenance package for Pakistan’s F-16 fleet. Source: The Nation. https://www.nation.com.pk/15-Sep-2022/india-is-concerned-over-us-package-for-pakistan-s-f-16-fleet.

Interbank. China. Shibor. The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, edged up 5.3 basis points to 1.226 percent Thursday. Source: China.org.cn. http://www.china.org.cn/china/Off_the_Wire/2022-09/15/content_78421206.htm.

Interbank. Hungary. Forint. Hungary’s central bank left its one-week deposit rate unchanged at 11.75% at a weekly tender on Thursday, as expected. Source: Zawya.com. https://www.zawya.com/en/world/uk-and-europe/hungary-cenbank-leaves-one-week-deposit-rate-unchanged-at-1175-cnpf0njx.

Interbank. Bangladesh. Taka. From today, banks will offer a maximum of Tk 108 for a US dollar for the remittances coming through exchange houses, including the funds that are channelled by banks’ own exchange houses, with the objective of attracting increased forex currencies from Bangladeshis living abroad. Source: The Daily Star. https://www.thedailystar.net/business/economy/banks/news/banks-finally-fix-uniform-rates-dollar-3116866.

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