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 Sunday.
The US dollar was quoted at maximum BDT 79.80 unchanged from the previous level till the report was filed at 12:01 pm (local time).
“The ongoing depreciating mode of BDT may continue in the coming days due to higher demand for the greenback in the market for settlement of import-payment obligations,” a senior treasury official of a leading private commercial bank told BBN without elaborating.
On the other hand, the depreciating mode of local currency against the US dollar continues at customer level on the day.
The average exchange rate of the US dollar at customer level rose to BDT 81.0613 on Thursday from BDT 80.9215 of the previous day.
However, the inter-bank call money rate remained stable in the range between 2.00 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 66.35 billion on Thursday from BDT 63.30 billion of the previous working day, according to the central bank latest statistics, released on Sunday.