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 Tuesday.
The US dollar was quoted at maximum BDT 79.70 unchanged from the previous level till the report was filed at 11:20 am (local time).
“The demand for the greenback has eased slightly after selling $25 million to Sonali Bank Limited, by the central bank on Monday,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the local currency also depreciated slightly against the US dollar at customer level on Monday.
The average exchange rate of the US dollar at customer level rose to BDT 80.5877 on the day from BDT 80.5833 of the previous day.
However, the inter-bank call money rate remained stable in the range between 3.00 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 65.27 billion on Monday from BDT 61.87 billion of the previous working day, according to the central bank latest statistics, released on Tuesday.