Dhaka, Bangladesh (BBN) -The exchange rate of Bangladesh Taka (BDT) depreciated maximum one paisa against the US dollar in the inter-bank foreign exchange market in early hour transactions on Tuesday.
The US dollar was quoted at BDT 80.60 against BDT 80.57-BDT 80.59 of the previous working till the report was filed at 12:09 pm (local time).
“The BDT may move slowly in the coming days against the US currency in the inter-bank forex market flowing higher inflow of remittance ahead of the Eid festival,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka.
On the other hand, the local currency also depreciated against the US dollar at customer level on Monday.
The average exchange rate of US dollar rose to BDT 81.4726 for bill for collection (BC) on the day against BDT 81.4289 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 1.80 per cent and 4.50 per cent on Monday 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 70.20 billion on the day from BDT 72.44 billion of the previous working day, according to the central bank latest statistics, released on Tuesday.