Dhaka, Bangladesh (BBN) – Bangladesh taka (BDT) on Sunday depreciated marginally by 0.03 per cent against the US dollar following the demand of the greenback increased in the market.
The US dollar was quoted at BDT 68.52- BDT 68.54 in the inter-bank foreign exchange market Sunday against BDT 68.52 of the previous working day, officials said.
“The rate of US dollar has been revised in line with the market demand,” a senior official of the Bangladesh Bank (BB), the country’s central bank, told BBN in Dhaka.
On the other hand, the central bank continues its intervention in the inter-bank foreign exchange market by selling and buying US dollar directly and providing such short term facilities to the banks aiming to keep the market stable.
As part of the intervention, the central bank bought $139 million from a foreign commercial bank recently.
The BB started intervention in the market by selling the US currency directly to the authorized dealers from October 29, 2007 to keep the market steady.
The central bank has since sold $735 million to the commercial banks as part of its intervention in the market, they confirmed.
BBN/SI/SS/AD-19October08-5:23 PM (BST)