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 Wednesday.
The US dollar was quoted at maximum BDT 79.67 unchanged from the previous level till the report was filed at 11:38 am (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 told BBN without elaborating.
On the other hand, the local currency also depreciated slightly against the US dollar at customer level on Tuesday.
The average exchange rate of the US dollar at customer level rose to BDT 80.5425 on the day from BDT 80.5259 of the previous day.
However, the inter-bank call money rate remained stable in the range between 2.25 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 came down to BDT 66.26 billion on Tuesday from BDT 69.64 billion of the previous working day, according to the central bank latest statistics, released on Wednesday.
BBN/SK/AD