Bangladesh Bank depreciates taka for seventh time
The Bangladesh Bank today depreciated taka by 1.25 per cent to Tk 89 per US dollar hours after banks suggested depreciating the local currency by Tk 2.
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The Bangladesh Bank today depreciated taka by 1.25 per cent to Tk 89 per US dollar hours after banks suggested depreciating the local currency by Tk 2.
Over the past year, the value of taka depreciated 3.18% against the US dollar. It is 8.56 percent in India, 30.7 percent in Pakistan and 79.82 percent in Sri Lanka. Depreciation of Maldives currency is a bit less than Bangladesh.
Forex market volatile: Volatility in the country's foreign exchange market yesterday intensified further amid scarcity of the greenbacks, forcing travellers to buy a US dollar at up to Tk 102, the highest in Bangladesh, in open markets.
Volatility in the foreign exchange market intensified today amid a scarcity of the American greenback, forcing travellers to spend as high as Tk 102 to buy a US dollar from banks, the highest in Bangladesh.