Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) remained stable against the US dollar in early hour transactions on Tuesday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 78.72 unchanged from the previous level till the report was filed at 12:40am (local time).
“The exchange rate of BDT against the US currency showed a stable movement in early hour deals,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the existing rate may continue by the end of the day.
On Monday, the BDT depreciated by maximum seven paisa against the US dollar mainly due to higher demand for the greenback in the market.
However, the local currency deprecated by around six paisa against the US dollar at customer level on Monday on the same ground, another treasury official added.
The exchange rate of the US dollar at customer level rose to BDT 79.4615 on Tuesday from BDT 79.3740 of the previous day. It was 79.3740 on Thursday.
However, the inter-bank call money rate remained stable in the range between 2.50 per cent and 4.50 per cent on the day 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 49.77 billion on Monday from BDT 51.72 billion of the previous dat. It was BDT 55.75 billion on Thursday.
BBN/SSR/AD