Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) remained stable against the US dollar in the inter-bank foreign exchange market in early hour transactions on Tuesday.
The US dollar was quoted at BDT 80.64 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 11:03 am (local time).
On the other hand, the BDT may move up slightly against the US currency at customer level due to higher demand for the greenback in the market.
“The banks particularly state-owned commercial ones are trying to purchase the US dollar from the market to settle their import payment obligations shortly,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka.
However, the average exchange rate of US dollar rose to BDT 81.6723 for bill for collection (BC) on Sunday from BDT 81.6713 previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
Meanwhile, the banks quoted at BDT 80.00-BDT 80.40 to the remitters for telegraphic transfer (TT) of their funds while the US dollar quoted at BDT 79.80 – BDT 80.20 for purchasing export proceeds, according to the BBN early hour monitoring report.
On the other hand, the inter-bank call money rate remained unchanged ranging between 1.80 per cent and 4.50 per cent on Monday against the previous working day.
The volume of overall transactions in the inter-bank call money market came down to BDT 61.31 billion on the day from BDT 61.40 billion of the previous level, according to the central bank latest statistics, released on Tuesday.