Dhaka, Bangladesh (BBN) - The exchange rate of Bangladesh Taka (BDT) depreciated by four paisa against the US currency in early hour transactions on Thursday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 78.81-BDT 78.85 against BDT 78.70-BDT 78.81 of the previous working day till the report was filed at 10:55 am (local time).
“The 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 commercial bank told BBN in Dhaka.
He also said the local currency also deprecated slightly against the US dollar at customer level on Wednesday on the same ground.
The average exchange rate of the US dollar at customer level rose to BDT 79.3106 on Wednesday from BDT 79.2644 of the previous working day.
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 rose to BDT 49.13 billion on Wednesday from BDT 46.43 billion of the previous working day, according to the central bank latest statistics, released on Thursday.
BBN/SSR/AD