Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) remained stable against the US dollar in the inter-bank foreign exchange market in early hour transactions on Monday.
The US dollar was quoted at BDT 80.64 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 11:40 am (local time).
On the other hand, the local currency has maintained an appreciating mode against the US dollar at customer level for clearing import payment obligations.
However, the average exchange rate of US dollar came down to BDT 81.6713 for bill for collection (BC) on Sunday from BDT 81.6996 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
“The BDT may maintain such trend in the coming days in both the inter-bank forex market and customer level,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka without elaborating.
Meanwhile, the banks quoted at BDT 80.00-BDT 80.40 to the remitters for telegraphic transfer (TT) of their funds while the US dollar quoted at BDT79.80 – BDT 80.2 for purchasing export proceeds, according to the BBN early hour monitoring report.
On the other hand, the inter-bank call money rate remained almost stable in the range between 1.80 per cent and 4.50 per cent on Sunday against the previous working day.
The volume of overall transactions in the inter-bank call money market rose to BDT 61.40 billion on the day from BDT 58.67 billion of the previous level, according to the central bank latest statistics, released on Monday.