Dhaka, Bangladesh (BBN) - The exchange rate of Bangladesh Taka (BDT) depreciated by six paisa against the US currency in early hour transactions on Tuesday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 78.70-78.76 against BDT 78.70 of the previous working day till the report was filed at 11:40 am (local time).
“The local currency returns to depreciating mode against the US currency after a few days interval,” a senior treasury official of a commercial bank told the BBN in Dhaka.
He also said the BDT also deprecated slightly against the US dollar at customer level on Monday due to higher demand for the greenback to settle import payment obligations.
The average exchange rate of the US dollar at customer level rose to BDT 79.2452 on Monday from BDT 79.2404 of the previous day.
However, the inter-bank call money rate remained stable in the range between 2.80 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 come down to BDT 43.44 billion on Monday from BDT 46.79 billion of the previous working day, according to the central bank latest statistics, released on Tuesday.
BBN/SS/ANS