Dhaka, Bangladesh (BBN)- US dollar remained steady against Bangladesh taka (BDT) in the inter-bank foreign exchange market despite higher demand for the greenback to meet import payment obligations, treasury official said.
The inter-bank market maintained a single exchange rate of the dollar staying at BDT 68.52 against previous week’s range of between BDT 68.51 and BDT 68.52.
The US currency, however, posted gain in public deals and it was mostly exchanged at rates varying between BDT 67.47 and BDT 70.65 against previous week’s range of between BDT 67.47 and BDT 69.80, they confirmed.
The spot transactions in greenback were on average around $ 15.50 million per day against previous week’s average of $ 10.20 million indicating higher demand for the greenback.
On the other hand, the US dollar appeared weaker and it was traded at rates varying between BDT 70.00 and BDT 70.30 in the local informal market against the previous week’s range of BDT 70.70 and BDT 71.00.
The brokers used to buy the greenback mainly at rates between BDT 70.00 and BDT 70.10 and sold it between BDT 70.30 and BDT 70.35, money traders said.
However, the exchange rate of US dollar against Indian rupee moved between Rs 47.52 and Rs 48.73 against previous week’s range of between Rs 46.92 and Rs 49.87 and Pakistani rupee between Rs 78.40 and Rs 82.00 against previous week’s Rs 78.37 and Rs 79.50, according to reports.