Dhaka, Bangladesh (BBN)– The Bangladesh Taka (BDT) deprecated by nearly eight paise against the US dollar at customer level on Tuesday due to higher demand for the greenback in the market.
The exchange rate of the US dollar at customer level rose to BDT 79.2487 on Tuesday from BDT 79.1746 of the previous level. It was BDT 79.1237 on Sunday.
“Higher demand for the US dollar against the BDT may continue in the coming days at customer level to settle import payment obligations,” a senior treasury official of a commercial told BBN in Dhaka.
Some banks are not interested to sell their US dollar that also pushed up the demand for the greenback in the market, the treasury official explained.
Meanwhile, the exchange rate of BDT against the US dollar remained stable in early hour transactions on Wednesday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at BDT 78.58 unchanged from the previous level.
On the other hand, 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 rose to BDT 46.08 billion on Tuesday from BDT 44.27 billion of the previous level.