Dhaka, Bangladesh (BBN) – The Bangladesh Taka (BDT) remained stable against the US dollar in early hour transactions on Sunday in inter-bank foreign exchange (forex) market.
The US dollar was quoted at BDT 78.74-BDT 78.75 unchanged from the previous level till the report was filed at 11:31am (local time).
“The exchange rate of BDT against the US currency almost remained unchanged during the period under review following normal demand for the greenback in the market,” a senior treasury official of a leading private commercial bank (PCB) told the BBN in Dhaka.
He also said rates on the US dollar for customers may rise further by the end of the day.
The local currency deprecated nearly six paisa against the US dollar at customer level on Thursday 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 79.6256 on Thursday from 79.5683 of the previous day. It was BDT 79.5212 on Tuesday.
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 rose to BDT 49.15 billion on Thursday from BDT 46.39 billion of the previous level, according to the central bank latest statistics, released on Sunday.