Taka depreciates against dollar marginally
Friday, 22 October 2010
FE Report
Bangladesh Taka (BDT) has marginally depreciated by around 0.20 per cent against the US dollar this week following a rise in demand for the greenback in the market.
The US dollar was traded at Tk 69.7500-Tk 69.7950 in the inter-bank foreign exchange market Thursday against Tk 69.6300-Tk 69.6500 Sunday, bankers said.
The BDT has been depreciating since the first working day of this week mainly due to rise in demand for greenback in the inter-bank market for settlement of import payments.
"The local currency has depreciated marginally against the US dollar this week on the basis of market demand," a senior official of the Bangladesh Bank (BB) told the FE Thursday.
He also said the central bank is monitoring the overall foreign exchange market closely.
Bangladesh Taka (BDT) has marginally depreciated by around 0.20 per cent against the US dollar this week following a rise in demand for the greenback in the market.
The US dollar was traded at Tk 69.7500-Tk 69.7950 in the inter-bank foreign exchange market Thursday against Tk 69.6300-Tk 69.6500 Sunday, bankers said.
The BDT has been depreciating since the first working day of this week mainly due to rise in demand for greenback in the inter-bank market for settlement of import payments.
"The local currency has depreciated marginally against the US dollar this week on the basis of market demand," a senior official of the Bangladesh Bank (BB) told the FE Thursday.
He also said the central bank is monitoring the overall foreign exchange market closely.