Dhaka, Bangladesh (BBN)- The Bangladesh Taka (BDT) depreciated further against the US dollar on Wednesday despite of intervention in the market through selling the greenback to the commercial bank by the Bangladesh Bank (BB).
The US dollar was quoted at BDT 77.79 in the inter-bank foreign exchange market on the day against BDT 77.72-BDT 77.77 in the previous working day, according to the market operators.
On the other hand, the rate of greenback for BC (bills for collection) selling at customer level rose to maximum BDT 79.20 on the day from BDT 79.10 in the previous day.
The demand for the US dollar picked up recently mainly due to higher import payment obligations.
BBN/SSR/AD-04Dec14-1:20 am (BST)