Dhaka, Bangladesh (BBN) – The exchange rate of Bangladesh Taka (BDT) depreciated by maximum two paisa more against the US currency in early hour transactions on Tuesday in the inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 80.55 against BDT 80.53 of the previous working day till the report was filed at 12:29 pm (local time).
“The local currency may depreciate more against the US currency in the coming days in the inter-bank foreign exchange market,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka without mentioning the causes.
He also said the BDT appreciated slightly further against the US dollar at customer level on Sunday.
The average exchange rate of US dollar came down to BDT 81.6945 for collection (BC) on the day from BDT 81.711783 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 1.75 per cent and 4.50 per cent on Thursday 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 70.30 billion on the day from BDT 68.39 billion of the previous working day, according to the central bank latest statistics, released on Tuesday.