Dhaka, Bangladesh (BBN)- US dollar maintained its strong position against Bangladesh taka (BDT) in the inter-bank foreign exchange market in the last week due to high demand for the greenback, treasury officials said.
The exchange rate of the dollar moved between BDT 68.70 and BDT 68.75 in the inter-bank market against previous week’s range of between BDT 68.68 and BDT 68.75.
The central bank has provided liquidity support aiming to keep the country’s foreign exchange market stable maintaining balance between demand and supply, they added.
The US dollar, however, posted gain in public deals and it was mostly exchanged at rates varying between BDT 67.67 and BDT 70.85 against previous week’s range of between BDT67.62 and BDT 70.80.
In the informal market, generally known as kerb market, the greenback weakened 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 between BDT 70.00 and BDT70.20.
The brokers used to buy dollar mainly at rates between BDT 70.00 and BDT 70.10 and sold it between BDT 70.20 and BDT 70.30, according to currencies traders.
In the regional market, most of the currencies fluctuated against dollar.
The exchange rate of Indian rupee against Bangladesh taka varied between BDT1.3505 and BDT1.4010 against previous week’s range of between BDT 1.3878 and BDT1.4414.
The exchange rate of dollar against Indian rupee moved between Rs 48.82 and Rs 50.12 against previous week’s range of between Rs 47.30 and Rs 49.55 and Pakistani rupee between Rs 79.37 and Rs 80.50 against previous week’s 80.45 and Rs 81.50.
Besides, the exchange rate of dollar against Malaysian ringgit varied between 3.6025 ringgit and 3.6260 ringgit, and that against the Thai currency between 34.98 baht and 35.23 baht, according to reports.