Dhaka, Bangladesh (BBN) - The exchange rate of Bangladesh Taka (BDT) depreciated by two paisa against the US currency in early hour transactions on Wednesday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 79.12 against BDT 79.0950-BDT 79.1000 of the previous working day till the report was filed at 11:07 am (local time).
“The local currency may depreciate further against the US currency in the coming days due to higher demand for the US currency in the market,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the BDT also deprecated against the US dollar at customer level on the day following higher demand for the greenback to settle import payment obligations.
The average exchange rate of the US dollar at customer level rose to BDT 79.7606 on Tuesday from BDT 79.7394 of the previous day.
BBN/SSR/SK