The State Bank of Vietnam eased off pumping money into the economy Friday, trimming 7-day repos to just US$438 million compared to US$552 million yesterday.
Meanwhile, 91-day repos rose to US$53.6 million, suggesting some appetite for longer-term funding remains in the market.
Central rate nudged lower
The central exchange rate was dialled back slightly to VND 25,128 per US dollar, a mild decline of three dong from the a day earlier.
Black market rates hold firm
On the street, the black market held its ground.
The buy price stayed put at VND 26,400, with the sell price likewise steady at VND 26,490.
The mid-market rate sat unchanged at VND 26,445, keeping the spread against official rates at a consistent 1.27 percent.
Interbank rates steady across the board
Short-term borrowing costs remained locked.
Overnight and one-week rates held at 4.65 percent, two-week money at 4.72 percent, and one-month loans at 4.91 percent.
Three-month and six-month tenors stayed fixed at 4.75 and 5.25 percent respectively.
T-bills hold as SBV mops up excess
Seven-day treasury bill operations were maintained at US$53.6 million.
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