Dhaka, Bangladesh (BBN)– The Bangladesh Taka (BDT) remained stable against the US dollar in the inter-bank foreign exchange market in early hour transactions on Sunday.
The US dollar was quoted at BDT 80.64 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 11:55 am (local time).
On the other hand, banks offered the US dollar rates between BDT 81.60 and BDT 81.90 to their customers for clearing import payment obligations.
However, the average exchange rate of US dollar rose to BDT 81.8226 for bill for collection (BC) on Thursday from BDT 81.7281 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
“The local currency may moved up slightly in the coming days against the US currency in both the inter-bank forex market and customer level following higher demand for the greenback in the market,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka.
Meanwhile, the banks quoted at BDT 80.20-BDT 80.50 to the remitters for telegraphic transfer (TT) of their funds while the US dollar quoted at BDT79.9 – BDT 80.2 for purchasing export proceeds, according to the BBN early hour monitoring report.
On the other hand, the inter-bank call money rate remained stable in the range between 1.80 per cent and 4.50 per cent on Thursday 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 58.12 billion on the day from BDT 58.93 billion of the previous level, according to the central bank latest statistics, released on Sunday.