Depreciating mode of Bangladesh Taka continues

Last updated: April 10, 2017

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Dhaka, Bangladesh (BBN) - The ongoing deprecating mode of Bangladesh Taka (BDT) continued in both inter-bank foreign exchange (forex) market and customer level on Monday.
The US dollar was quoted at maximum BDT 79.75 against BDT 79.72 of the previous working day, treasury officials said.
On the other hand, the local currency also depreciated by around six paisa against the US dollar at customer level on the same on the same ground.
The average exchange rate of the US dollar at customer level rose to BDT 80.7764 on Monday from BDT 80.7179 of the previous day.
“The depreciating mode of BDT may continue in the coming days due to higher demand for the greenback in the market for settlement of import-payment obligations,” a senior treasury official of a leading private commercial bank hinted.
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