Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) appreciated by nearly 10 paisa against the US dollar at customer level on Thursday.
The average exchange rate of the US dollar at customer level came down to BDT 79.6573 on Thursday from BDT 79.6510 of the previous level. It was BDT 79.7240 on Tuesday.
“The BDT/US$ rate at customer level may fall further immediately 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 also showed an appreciating mode in early hour transactions on Monday.
The US dollar was quoted at maximum BDT 78.80 against BDT78.80-BDT 78.85 of the previous working day till the report was filed at 12:30 pm (local time).
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 51.44 billion on Thursday from BDT 45.74 billion of the previous working day, according to the central bank latest statistics, released on Monday.