Dhaka, Bangladesh (BBN)- The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained stable in early hour transactions on Thursday.
The US dollar was quoted at BDT 79.30 unchanged the level of previous working day till the report was filed at 2:13 pm (local time).
On the other hand, the local currency depreciated slightly against the US dollar at customer level on Wednesday.
The average exchange rate of the US dollar at customer level rose to BDT 80.2188 on the day from BDT 80.2038 of the previous day.
“The depreciating mode of BDT may continue in the coming days due to higher demand for the greenback in the market for settlement of import-payment obligations,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
However, the inter-bank call money rate remained stable in the range between 2.75 per cent and 4.50 per cent on the day mainly due to sufficient inflow of fund into the market.
The volume of overall transactions in the inter-bank call money market rose to BDT 66.02 billion on Wednesday from BDT 62.94 billion of the previous working day, according to the central bank latest statistics, released on Thursday.
BBN/SSR/AD