Dhaka, Bangladesh (BBN) – Appreciating mode of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market continued in early hour transactions on Monday.
The US dollar was quoted at BDT 80.53-BDT 80.56 against BDT 80.54 of the previous working day till the report was filed at 11:20 am (local time).
“Such appreciating of the BDT may continue in the coming days follower lower demand for the greenback in the market,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the BDT also maintained appreciating mode against the US dollar at customer level on Sunday.
The average exchange rate of US dollar came down to BDT 81.5476 for for bill for collection (BC) on the day from BDT 81.6215 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
However, the inter-bank call money rate remained stable in the range between 2.75 per cent and 4.50 per cent on Thursday mainly due to sufficient inflow of fund into the market.
The volume of overall transactions in the inter-bank call money market came dawn to BDT 67.38 billion on the day from BDT 71.42 billion of the previous working day, according to the central bank latest statistics, released on Monday.