Depreciating mode of Bangladesh Taka continues

BBN file photo

Dhaka, Bangladesh (BBN) – The depreciating mode of Bangladesh Taka (BDT) against the US dollar continued following higher demand for the greenback in the inter-bank foreign exchange market on Wednesday.
The exchange rate of the BDT against the US dollar was quoted at maximum BDT 80.55 – BDT 80.56 at the evening transactions.
In the opening trading, the exchange rate of the local currency was also quoted that same, that means, at maximum BDT 80.56, gaining one paisa more from the previous working level.
“The ongoing 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 private commercial bank explained to the BBN Wednesday evening.
“The local currency may depreciate more against the US currency in the coming days in the inter-bank foreign exchange market,” another senior treasury official of a leading private commercial bank (PCB) told the BBN in Dhaka without mentioning any causes.
The greenback was quoted at maximum BDT 80.55 on Tuesday.
BBN/SA/ANS

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