BBN file photo

Dhaka, Bangladesh (BBN) – The depreciating mode of Bangladesh Taka (BDT) continued against the US dollar following higher demand for the greenback in the inter-bank foreign exchange market Sunday evening.

The exchange rate of the BDT against the US dollar was quoted at maximum BDT 80.85 at the evening transactions.

In the opening trading, the exchange rate was quoted at maximum BDT 80.83 same as the last two trading days.

“The depreciating mode of local currency continued against the American currency due to higher demand for the greenback in the market for settlement of import-payment obligations mainly for food grains and petroleum products,” a senior treasury official of a leading private commercial bank told the BBN in Dhaka this evening.

On Thursday that means on the last trading day of the last week, the exchange rate of the BDT against the US dollar was quoted at maximum BDT 80.83.

Bangladesh’s foreign exchange market remained closed on Friday and Saturday as those were weekend in the country.

Earlier from September 24 to October 16, the local currency remained static that means it was quoted at maximum BDT 80.80.

BBN/SS/AD