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 80.57 unchanged from the previous level till the report was filed at 11:04 am (local time).
“The existing trend of BDT/US$ in the inter-bank forex market may continue in the coming days following higher inflow of remittance ahead of the Eid festival,” a senior treasury official of a leading private commercial bank (PCB) told BBN in Dhaka.
He also said the local currency also remained stable against the US dollar at customer level on Thursday.
The average exchange rate of US dollar stood at BDT 81.4821 for bill for collection (BC) on the day against BDT 81.4764 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 1.80 per cent and 4.50 per cent on Wednesday 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 65.23 billion on the day from BDT 62.44 billion of the previous working day, according to the central bank latest statistics, released on Sunday.