Dhaka, Bangladesh (BBN) – The exchange rate of Bangladesh Taka (BDT) depreciated by maximum five paisa more against the US currency in early hour transactions on Monday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 79.95 against BDT 79.90 of the previous working day till the report was filed at 1:25 pm (local time).
“The local currency may depreciate more against the US currency in the coming days due to lower supply of the greenback in the market,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka.
He also said the BDT had also depreciated by nearly 23 paisa against the US dollar at customer level on Sunday, the first working day of the week.
“Such depreciating trend of the local currency against the US dollar continues,” he hinted.
The average exchange rate of the US dollar at customer level rose to BDT 82.3272 on Sunday from BDT 82.0989 of the previous working day.
However, the inter-bank call money rate remained stable in the range between 2.00 per cent and 4.50 per cent on Sunday 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 64.83 billion on the day from BDT 68.76 billion of the previous working day, according to the central bank latest statistics, released on Monday.