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 Thursday.
The US dollar was quoted at BDT 80.59-BDT 80.60 unchanged from the previous level till the report was filed at 12:51 pm (local time).
“The BDT may move slowly in the coming days against the US currency in the inter-bank forex market 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.
On the other hand, the local currency also remained stable against the US dollar at customer level on Wednesday.
The average exchange rate of US dollar came down to BDT 81.4691 for bill for collection (BC) on the day against BDT 81.4692 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 Tuesday 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 70.76 billion on the day from BDT 66. 32 billion of the previous level, according to the central bank latest statistics, released on Thursday.