Dhaka, Bangladesh (BBN) – US dollar maintained strong position against Bangladesh taka (BDT) in the inter-bank foreign exchange market in the last week due to buying pressure, treasury officials said.
The exchange rate of the US dollar moved between BDT 68.65 and BDT 68.68 in the inter-bank market against previous week’s range of between BDT 68.56 and BDT 68.65.
The daily average transaction of the US dollar was more than $77 million in the week against the average of $ 51.61 million of previous week, which reflected sharp rise in demand for the greenback, they added.
The US currency, however, slightly weakened in public deals and it was mostly exchanged at rates varying between BDT 67.57 and BDT 70.80 against previous week’s range of between BDT 67.57 and BDT 70.90, according to the treasury officials.
In the informal market, generally known as kerb market, the US dollar remained steady and it was traded at rates varying between BDT 70.20 and BDT 70.60 in the local informal market maintaining the previous week’s range.
The brokers bought dollar mainly at rates between BDT 70.20 and BDT 70.40 and sold it between BDT 70.50 and BDT 70.60, money traders confirmed.
BBN/SI/SSR/AD-09Npvember08-1:18 PM (BST)