Dhaka, Bangladesh (BBN) – The exchange rate of Bangladesh Taka (BDT) depreciated by maximum one paisa 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 79.50 against BDT 79.49 of the previous working day till the report was filed at 11:52 am (local time).
“The appreciating mode of BDT against the US dollar 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 commercial bank told BBN in Dhaka.
On the other hand, the local currency also depreciated by nearly four paisa against the US dollar at customer level on Tuesday.
The average exchange rate of the US dollar at customer level rose to BDT 80.2943 on the day from BDT 80.2566 of the previous day.
However, the inter-bank call money rate remained stable in the range between 2.75 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 came down to BDT 56.20 billion on Tuesday from BDT 61.20 billion of the previous working day, according to the central bank latest statistics, released on Wednesday.