Bangladesh Taka remains stable against US dollar

Last updated: May 21, 2017

BBN file photo

Dhaka, Bangladesh (BBN) - The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained almost stable in early hour transactions on Sunday.
The US dollar was quoted at BDT 80.55-BDT 80.56 unchanged from the previous level till the report was filed at 11:40 pm (local time).
“The local currency remained stable against the greenback in the market,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the BDT also almost stable against the US dollar at customer level on Thursday.
The average exchange rate of US dollar came down to BDT 81.6215 for bill for collection (BC) on the day from BDT 81.6440 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 2.0 per cent and 4.50 per cent on Thursday mainly due to sufficient inflow of fund into the market.
The volume of overall transactions in the inter-bank call money market rose to BDT 71.42 billion on the day from BDT 69.49 billion of the previous working day, according to the central bank latest statistics, released on Sunday.

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