BBN file photo

Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) depreciated three paisa more against the US dollar Monday evening following higher demand for the greenback in the inter-bank foreign exchange market.

The exchange rate of the BDT against the US dollar was quoted at maximum BDT 80.90 at the evening transactions today.

In the opening trading today, the exchange rate of the local currency against the American currency was quoted at maximum BDT 80.86 – BDT 80.87 same as the previous working level.

“The local currency depreciated three paisa further against the US dollar due to higher demand for the greenback in the market for settlement of import-payment obligations mainly for food grains and petroleum products,” a senior treasury official of a leading private commercial bank told the BBN in Dhaka this evening.

On Monday, the exchange rate of the BDT against the US dollar was quoted at maximum BDT 80.86 – BDT 80.87 at the evening transactions.

In the opening trading Monday, the exchange rate was quoted at maximum BDT 80.85 same as for October 22 evening trading.

On October 19, the exchange rate of the BDT against the US dollar was quoted at maximum BDT 80.83.

After it, the exchange rate of the Bangladesh currency remained static at 80.85 from October 22 to today’s morning trade.

Earlier from September 24 to October 16, the local currency remained static that means it was quoted at maximum BDT 80.80.

Bangladesh’s foreign exchange market remained closed on Friday and Saturday as those were weekend in the country.

BBN/SS/AD