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Dhaka, Bangladesh (BBN) – The depreciating mood of Bangladesh Taka (BDT) against the US dollar continued during the evening transactions on Wednesday in the inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 79.87.
In the opening trading, the exchange rate of Bangladesh Taka (BDT) depreciated by maximum two paisa more against the US currency from the previous working level. That means on Tuesday, the American currency was quoted at maximum BDT 79.85 and today it stood at BDT 79.87.
“The depreciating mode of the Bangladesh Taka continued 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 the BBN in Dhaka Wednesday evening.
“The local currency may further depreciate in the coming days,” the treasury official hinted.
On Monday, the American currency was quoted at maximum BDT 79.81- BDT 79.82.
On Sunday, the US dollar was quoted at maximum BDT 79.80.
On the last working day of the last week, the US dollar was quoted at maximum BDT 79.79 – BDT 79.80 during the evening trading.
On the other hand, the BDT also depreciated by more than 27 paisa against the US dollar at customer level on the same day on the same ground, another treasury official told the BBN on Wednesday.
The average exchange rate of the US dollar at customer level rose to BDT 81.8291 on Wednesday from BDT 81.5525 of the previous working day.
“The 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,” another treasury official of a private commercial bank explained to the BBN.
BBN/SA/ANS