BBN file photo
Dhaka, Bangladesh (BBN) -The exchange rate of Bangladesh Taka (BDT) depreciated maximum two paisa against the US dollar in the inter-bank foreign exchange market in early hour transactions on Monday.
The US dollar was quoted at BDT 80.57-BDT80.59 against BDT 80.57 of the previous working till the report was filed at 11:07 am (local time).
“The BDT depreciated slightly against the US currency in the inter-bank forex market despite higher inflow of remittance ahead of the Eid festival,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka.
On the other hand, the local currency appreciated against the US dollar at customer level on Sunday, he added.
The average exchange rate of US dollar came down at BDT 81.4289 for bill for collection (BC) on the day against BDT 81.4821 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
However, the inter-bank call money rate remained stable in the range between 1.80 per cent and 4.50 per cent on Sunday 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 77.44 billion on the day from BDT 65.23 billion of the previous working day, according to the central bank latest statistics, released on Monday.
BBN/SSR/AD