Dhaka, Bangladesh (BBN)– The existing depreciating trend of Bangladesh Taka (BDT) continued until in early hours of trading on Wednesday while call money rate remain unchanged, treasury officials said.
“There is no seller during the period under review,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the depreciating trend of BDT may continue on Wednesday following increased demand for the greenback to settle import payments by the commercial banks.
The US dollar was quoted at maximum BDT 78.15 in the inter-bank foreign exchange market on Tuesday against maximum BDT 78.10 of the previous working day, they added.
The call rate ranged between 3.0 per cent and 5.0 per cent during the period under review against 3.0 per cent and 5.50 per cent of the previous level.
But most of the deals were made at rates between 3.25 per cent and 4.75 per cent, according to the market operators.
The overall turnover in the call money market came down to BDT 46.09 billion on Tuesday from BDT 46.20 billion of the previous working day, according to the central bank latest statistics, released on Wednesday.