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Dhaka, Bangladesh (BBN)– The exchange rate of Bangladesh Taka (BDT) depreciated by two paisa against the US dollar on Thursday mainly due to higher demand for the greenback for settling import payment bills.

The US dollar was quoted at BDT 82.94 each in the inter-bank foreign exchange market on the day against BDT 82.92 of the previous working day, according to the market operators.

On Wednesday, the local currency also deprecated by two paisa against the US dollar on the same ground, they added.

Earlier on January 22, the exchange rate of the BDT depreciated by two paisa against the US dollar.
The US dollar was quoted at BDT 82.90 each in the inter-bank forex market on January 22 against BDT 82.88 of the previous working day.

The depreciating mode of BDT against the greenback continued in the recent months mainly due to higher import payment obligations particularly for food gains, fuel oils and capital machinery, they explained.

The BDT depreciated by 5.08 per cent against the US dollar in 2017 mainly due to higher demand for the greenback for settling import payment obligations.

The US dollar was quoted at BDT 82.70 in the inter-bank forex market on December 28, the last working day of 2017 against BDT 78.70 on December 29, 2016, the last working day of the year.

BBN/SSR/AD