The Vietnamese dong slipped further on 30 September, with the gap between the State Bank of Vietnam’s (SBV) central rate and the black market mid-rate widening to 5.49 percent, up from 5.47 percent a day earlier.
The SBV set the central exchange rate at VND 25,187 per US dollar, five dong lower than on 29 September.
Meanwhile, the unofficial market held steady, with buy and sell rates at VND 26,520 and VND 26,620 respectively, leaving the black market mid-point unchanged at VND 26,570.
Google Finance quoted the interbank mid-market at VND 26,429.
Liquidity operations expanded sharply.
The SBV injected US$227 million through seven-day repos, up from US$151 million the day before, and more than doubled 14-day repos to US$303 million.
However, 28-day repos dropped to US$113 million from US$227 million, while 91-day repos slipped slightly to US$36 million.
No new short-term T-bills were issued.
Interbank interest rates eased across most tenors.
The overnight rate fell from 4.38 percent to 3.81 percent, while the one-week and two-week rates both eased to 5.27 percent.
One-month rates slipped to 4.98 percent, three-month to 5.03 percent, and six-month rates dropped more sharply from 5.61 percent to 4.20 percent.
See also: How Low Can the Vietnamese Dong Go? Why It’s Sliding & What Might Happen Next