Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) remained stable against the US dollar in early hour transactions on Monday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at BDT 78.75 unchanged from the previous level till the report was filed at 12:36 pm (local time).
“The exchange rate of BDT against the US dollar may increase by the end of the day,” a senior treasury official of a leading commercial bank hinted.
He also said rising trend of rates on the US dollar for customers continue.
The local currency deprecated around three paisa against the US dollar at customer level on Sunday due to higher demand for the greenback in the market for settling import payment obligations.
The exchange rate of the US dollar at customer level rose to BDT 79.6535 on Sunday from BDT 79.6256 of the previous day. It was BDT 9.5683 on Wednesday.
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 47.44 billion on Sunday from BDT 49.15 billion of the previous level, according to the central bank latest statistics, released on Monday.