Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) appreciated by nearly five paisa against the US dollar at customer level on Sunday.
The average exchange rate of the US dollar at customer level came down to BDT 79.3327 on Sunday from BDT 79.3800 of the previous level. It was BDT 79.4346 on Wednesday.
“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 Sunday, the first day of New Year.
The US dollar was quoted at BDT 78.70 unchanged the level of previous working day till the report was filed at 12:34 pm (local time).
However, the inter-bank call money rate remained stable in the range between 2.75 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 35.24 billion on Sunday from BDT 31.91 billion of the previous working day, according to the central bank latest statistics, released on Monday.