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Dhaka, Bangladesh (BBN) - The exchange rate of Bangladesh Taka (BDT) depreciated by maximum two 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 79.77 against BDT 79.75 of the previous working day till the report was filed at 12:09 pm (local time).
“The ongoing depreciating mode of BDT 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 private commercial bank explained.
He also said the local currency also depreciated by around six paisa against the US dollar at customer level on Monday on the same ground.
The average exchange rate of the US dollar at customer level rose to BDT 80.7764 on Monday from BDT 80.7179 of the previous day.
“Such deprecating mode also continues today (Tuesday),” the treasury official noted.
However, the inter-bank call money rate remained stable in the range between 2.00 per cent and 4.50 per cent on Sunday 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 60.87 billion on Monday from BDT 63.01 billion of the previous working day, according to the central bank latest statistics, released on Tuesday.
BBN/SSR/AD