BBN file photo
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 Wednesday.
The US dollar was quoted at BDT 80.66-80.68 unchanged from the previous working level in the inter-bank foreign exchange market till the report was filed at 12:18 pm (local time).
On the other hand, the local currency has also entered into appreciating mode against the US dollar at customer level for clearing import payment obligations.
However, the average exchange rate of US dollar came down to BDT 81.7204 for bill for collection (BC) on Tuesday from BDT 81.7553 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
“The local currency may maintain a stable trend in the coming days in the foreign exchange market,” 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 80.40 to the remitters for telegraphic transfer (TT) of their funds while the US dollar quoted at BDT 79.80 - BDT 80.20 for purchasing export proceeds, according to the BBN early hour monitoring report
On the other hand, the inter-bank call money rate remained almost stable in the range between 1.80 per cent and 4.50 per cent on Tuesday against the previous working day.
The weighted average rate on call money rose to 3.62 per cent on the day from 3.59 per cent of the previous working day.
The volume of overall transactions in the inter-bank call money market came down to BDT 70.18 billion on the day from BDT 71.69 billion of the previous level, according to the central bank latest statistics, released on Wednesday.
BBN/SSK/AD