Dhaka, Bangladesh (BBN) - The Bangladesh Taka (BDT) depreciated by BDT 0.10 against the US Dollar (US$) in the last week due to higher demand for the greenback in the inter-bank foreign exchange market, bankers said.
The US dollar was quoted at around BDT 77.51 level in the forex market in the last week against on the day against around BDT 77.41 of the previous week.
“We expect such trend may continue in the next week,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka.
He also said most of the banks kept their published foreign exchange rates unchanged in the last week.
The average daily inter-bank USD/BDT transaction volume was about $35.02 million against around $31.13 million of the week before.
The USD/BDT selling rates for importers of major foreign and private banks was at 77.60-78.05, while USD buying rates from exporters were at 76.60-77.05.
For non-commercial payments such as Tele Graphic Transfer as donations, wage earners remittance, dollar drafts etc. The average T.T Selling rate was at 77.8859 on the last working day.
USD/BDT swap market last week was very much active. The daily average volume of swap transaction was around $50.00 million.
The local call money rate observed the same tone and market traded around 7.25 per cent.
BBN/SSR/AD-15Nov14-3:23 pm (BST)