Dhaka, Bangladesh (BBN) – The exchange rate of Bangladesh Taka (BDT) against the US dollar remained stable in early hour transactions on Sunday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at BDT 78.62- BDT 78.65 unchanged from the previous level till the report was filed at 11:34am (local time).
“Such trend may continue by the end of the day,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the BDT may depreciate against the US dollar further on Monday.
However, the local currency deprecated by nearly six paise against the US dollar at customer level on Thursday due to higher demand for the greenback in the market.
The exchange rate of the US dollar at customer level rose to BDT 79.3740 on Thursday from BDT 79.3188 of the previous level. It was BDT 79.2487 on Tuesday.
On the other hand, the inter-bank call money rate remained stable in the range between 2.75 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 55.75 billion on Wednesday from BDT 48.54 billion of the previous level.