Dhaka, Bangladesh (BBN) – The exchange rate of US dollar may gain slightly against the Bangladesh Taka (BDT) on Tuesday particularly at customer level, market operators hinted.
A few numbers of banks will have to buy the US currency from the market by the end of today to comply with their net open position (NOP) limits, a senior treasury official of a leading commercial bank told BBN in Dhaka.
The banks have already arranged a payment amounting to US$90 million as dividend for the Grameenphone’s overseas shareholders, he added.
The fund is set to remit on Tuesday, according to the treasury official.
The exchange rate of US dollar witnessed an upward trend at customer level while the exchange rate of BDT remained unchanged against the greenback in the inter-bank foreign exchange market in early hour transactions on Tuesday.
The US dollar was quoted at BDT 80.70 unchanged from the previous working till the report was filed at 11:20 am (local time).
However, the local currency has maintained a stable mode again the US dollar at customer level for clearing import payment obligations.
The average exchange rate of US dollar stood at BDT 81.5425 for bill for collection (BC) on Monday from rose to BDT 81.5179 of the previous working day, according to the statistics of the Bangladesh Foreign Exchange Dealers Association (BAFEDA).