Dhaka, Bangladesh (BBN) – The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained stable in early hour transactions on Tuesday.
The US dollar was quoted at BDT 80.58-BDT 80.60 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 11:55 am (local time).
However, the average exchange rate of US dollar remained unchanged at BDT 81.4547 for bill for collection (BC) on Monday from the previous level, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
“The BDT may remain stable in the coming days against the US currency in both the inter-bank forex market and customer level 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 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 rose to BDT 71.04 billion on the day from BDT 65.23 billion of the previous level, according to the central bank latest statistics, released on Tuesday.