Dhaka, Bangladesh (BBN) – The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained almost stable in early hour transactions on Sunday.
The US dollar was quoted at maximum BDT 79.40 unchanged from the previous level till the report was filed at 11:28 am (local time).
On the other hand, the local currency appreciated slightly against the US dollar at customer level on Thursday.
The average exchange rate of the US dollar at customer level came down to BDT 80.2433 on the day from BDT 80.2442 of the previous day.
“The appreciating mode of BDT may continue in the coming days due to lower demand for the greenback in the market for settlement of import-payment obligations,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
However, the inter-bank call money rate remained stable in the range between 2.50 per cent and 4.50 per cent on the day mainly due to sufficient inflow of fund into the market.
The volume of overall transactions in the inter-bank call money market rose to BDT 67.44 billion on Thursday from BDT 66.57 billion of the previous working day, according to the central bank latest statistics, released on Sunday.
BBN/SK/AD