Dhaka, Bangladesh (BBN)- The exchange rate of Bangladesh Taka (BDT) depreciated by one paisa against the US currency in early hour transactions on Monday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at maximum BDT 78.85 against BDT 78.84 of the previous working day till the report was filed at 11:45 am (local time).
“The falling trend of local currency against the greenback continue due to higher demand for the US dollar for settling import payment obligations,” a senior treasury official of a leading private commercial bank told BBN in Dhaka.
He also said the BDT also deprecated nearly two paisa against the US dollar at customer level on Sunday on the same ground.
The average exchange rate of the US dollar at customer level rose to BDT 79.8575 on Sunday from BDT 79.8400 of the previous level. It was BDT 79.7819 on Thursday.
However, the inter-bank call money rate remained stable in the range between 2.70 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 51.43 billion on Sunday from BDT 47.98 billion of the previous working day, according to the central bank latest statistics, released on Monday.
BBN/SSR/AD