Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) deprecated by two paisa against the US dollar in early hour transactions on Wednesday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 78.82 against BDT 78.79-78.80 of the previous working day till the report was filed at 12:07 pm (local time).
“The BDT/US$ rate moved up further due to higher demand for the US currency in the market,” a senior treasury official of a leading private commercial bank (PCB) told the BBN in Dhaka.
He also said the deprecating tread of BDT against the US dollar continue for customers who are settling their import payment obligations.
The local currency deprecated around two paisa against the US dollar at customer level on Tuesday 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 79.7321 on Tuesday from BDT 79.7102 of the previous level. It was BDT 79.6535 on Sunday.
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 78.72 billion on Tuesday from BDT 48.90 billion of the previous working day, according to the central bank latest statistics, released on Wednesday.