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Dhaka, Bangladesh (BBN)- The exchange rate of Bangladesh Taka (BDT) depreciated by maximum one paisa more against the US currency in early hour transactions on Wednesday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 79.78 against BDT 79.77 of the previous working day till the report was filed at 12:05 pm (local time).
“The ongoing depreciating mode of BDT may continue in the coming days due to higher demand for the greenback in the market for settlement of import-payment obligations,” a senior treasury official of a leading private commercial bank explained.
He also said the local currency also depreciated by nearly seven paisa against the US dollar at customer level on the same on the same ground.
The average exchange rate of the US dollar at customer level rose to BDT 80.8460 on Tuesday from BDT 80.7764 of the previous day.
However, the inter-bank call money rate remained stable in the range between 3.00 per cent and 4.50 per cent on Tuesday 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 61.02 on the day from BDT 60.87 billion of the previous working day, according to the central bank latest statistics, released on Wednesday.
BBN/SSR/AD