BBN file photo
Dhaka, Bangladesh (BBN) -The exchange rate of Bangladesh Taka (BDT) depreciated maximum two paisa more against the US dollar in the inter-bank foreign exchange market in early hour transactions on Thursday.
The US dollar was quoted at BDT 80.79 against BDT 80.77 of the previous working till the report was filed at 11:50 am (local time).
“The BDT depreciated slightly against the US currency in the inter-bank forex market mainly due to higher demand for the greenback in the market,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka without elaborating.
On the other hand, the local currency has also maintained depreciating mode against the US dollar continuously at customer level for clearing import payment obligations.
The average exchange rate of US dollar rose to BDT 81.7502 for Bill for Collection (BC) on Wednesday from BDT 81.7291 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
On the other hand, the inter-bank call money rate remained stable in the range between 1.80 per cent and 4.50 per cent from the previous working day. But the most of the deals were settled between 3.25 per cent and 4.00 per cent.
The volume of transactions in the call money market rose to BDT 81.23 billion on Wednesday from BDT 80.92 billion of the previous working day, according to the Bangladesh Bank (BB), the country’s central bank, statistics, released on Thursday.
The weighted average rate on call money remained unchanged at 3.89 per cent on the day from the previous level.
BBN/SSR/AD