Taka falls further
Tuesday, 2 February 2010
FE Report
Bangladesh taka (BDT) fell further against the US dollar Monday following a rise in demand for the greenback in the inter-bank foreign exchange market.
The US dollar was traded at Tk 69.22-Tk 69.27 in the forex market Monday against Tk 69.19 -Tk 69.23 of the previous day, treasury officials said.
The BDT has been depreciating since January 24 this year following an increase in demand for the greenback in the inter-bank market to settle payments for import of petroleum products, scrap vessels, edible oil and food grains.
"We're monitoring the overall forex market situation closely," a senior official of the Bangladesh Bank (BB) told the FE, adding that the central bank may intervene in the market if necessary.
The demand for the greenback may ease in the first week of this month after easing pressures on payments for petroleum products, scrap vessels, edible oil and food grains particularly wheat, the market operators said.
Bangladesh taka (BDT) fell further against the US dollar Monday following a rise in demand for the greenback in the inter-bank foreign exchange market.
The US dollar was traded at Tk 69.22-Tk 69.27 in the forex market Monday against Tk 69.19 -Tk 69.23 of the previous day, treasury officials said.
The BDT has been depreciating since January 24 this year following an increase in demand for the greenback in the inter-bank market to settle payments for import of petroleum products, scrap vessels, edible oil and food grains.
"We're monitoring the overall forex market situation closely," a senior official of the Bangladesh Bank (BB) told the FE, adding that the central bank may intervene in the market if necessary.
The demand for the greenback may ease in the first week of this month after easing pressures on payments for petroleum products, scrap vessels, edible oil and food grains particularly wheat, the market operators said.