Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) appreciated by around seven paisa against the US dollar at customer level on Wednesday.
The average exchange rate of the US dollar at customer level came down to BDT 79.6510 on Wednesday from BDT 79.7240 of the previous working day. It was BDT 79.7825 on Monday.
“The BDT/US$ rate at customer level may fall further in the coming days following lower demand for the greenback in the market,” a senior treasury official of a leading commercial bank told BBN in Dhaka.
He also said the trend of BDT against the US dollar in the inter-bank foreign exchange market may continue in the coming days.
The exchange rate of BDT remained stable against the US currency in early hour transactions on Thursday in inter-bank forex market.
The US dollar was quoted at maximum BDT 78.80-BDT 78.85 unchanged from the previous working day till the report was filed at 12:32 pm (local time).
However, the inter-bank call money rate remained stable in the range between 2.75 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 45.74 on Wednesday from BDT 46.48 billion of the previous working day, according to the central bank latest statistics, released on Thursday.