Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) appreciated by nearly four paisa against the US dollar at customer level on Monday.
The average exchange rate of the US dollar at customer level came down to BDT 79.2971 on Monday from BDT 79.3327 of the previous working day. It was BDT 79.3800 on Thursday.
“The BDT/US$ rate at customer level may fall further in the coming days following lower demand for the greenback in the market,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the exchange rate of BDT against the US dollar in the inter-bank foreign exchange market remained stable in early hour transactions on Tuesday.
The US dollar was quoted at BDT 78.70 unchanged the level of previous working day till the report was filed at 12:19 pm (local time).
However, the inter-bank call money rate remained stable in the range between 2.90 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 36.97 billion on Monday from BDT 35.24 billion of the previous working day, according to the central bank latest statistics, released on Tuesday.
BBN/SS/AD