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 Tuesday.
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 11:59am (local time).
On the other hand, the local currency has maintained a depreciating mode against the US dollar at customer level for clearing import payment obligations.
However, the average exchange rate of US dollar rose to BDT 81.8017 for bill for collection (BC) on Monday from BDT 81.7770 the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
“The local currency may maintain such trend in the coming days in both the inter-bank forex market and customer level,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka without elaborating.
Meanwhile, the banks quoted at BDT 80.10-BDT 80.50 to the remitters for telegraphic transfer (TT) of their funds while the US dollar quoted at BDT79.50 – BDT 80.30 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 Monday 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 63.18billion on the day from BDT 63.30 billion of the previous level, according to the central bank latest statistics, released on Tuesday.