Dhaka, Bangladesh (BBN) – The exchange rate of Bangladesh Taka (BDT) against the US dollar remained almost stable in early hour transactions in the inter-bank foreign exchange market on Tuesday.
The US dollar was quoted at maximum BDT 79.60 unchanged from the previous level till the report was filed at 11:39 pm (local time).
“The BDT may depreciate one or two paisa against the US currency by the end of the day,” a senior treasury official of a leading private commercial bank hinted.
He also said the 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.
On the other hand, the local currency also depreciated slightly against the US dollar at customer level on Thursday.
The average exchange rate of the US dollar at customer level rose to BDT 80.4802 on the day from BDT 80.4764 of the previous day.
However, the inter-bank call money rate remained stable in the range between 2.60 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 58.92 billion on Monday from BDT 62.06 billion of the previous working day, according to the central bank latest statistics, released on Tuesday.