Dhaka, Bangladesh (BBN) – The exchange rate of Bangladesh Taka (BDT) against the US dollar in both inter-bank foreign exchange market and customer level remained stable in early hour transactions on Monday.
The US dollar was quoted at BDT 80.59-BDT 80.60 unchanged from the previous level in the inter-bank foreign exchange market till the report was filed at 11:13 am (local time).
On the other hand, banks offered the US dollar rates between BDT 81.75 and BDT 80.50 to their customers for clearing import payment obligations.
However, the banks also quoted at BDT 80.30-BDT 79.50 to the remitters for telegraphic transfer (TT) of their funds while the US dollar quoted at BDT 80.08-BDT79.31 for purchasing export proceeds, according to the BBN early hour monitoring report.
However, the average exchange rate of US dollar came down to BDT 81.4547 for bill for collection (BC) on Sunday against BDT 81.4764 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).
“The local currency may move slowly in the coming days against the US currency in both the inter-bank forex market and customer level 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 inter-bank call money rate remained stable in the range between 3.25 per cent and 4.50 per cent on Sunday 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 65.23 billion on the day from BDT 67.53 billion of the previous level, according to the central bank latest statistics, released on Monday.