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 Sunday.
The US dollar was quoted at BDT 80.59-BDT 80.60 unchanged from the previous level till the report was filed at 11:44 am (local time).
“The local currency may move slowly in the coming days against the US currency in the inter-bank forex market 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 BDT also almost remained stable against the US dollar at customer level on Thursday.
The average exchange rate of US dollar came down to BDT 81.4764for bill for collection (BC) on the day against BDT 81.4691 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
The movement of BDT/US$ remains stable at customer level in early hour transactions on Sunday, according to the BBN initial monitoring report.
However, the inter-bank call money rate remained stable in the range between 1.80 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 came down to BDT 67.53 billion on the day from BDT 70.76 billion of the previous level, according to the central bank latest statistics, released on Sunday.