The local currency has further depreciated significantly against the US dollar mainly due to higher demand for the greenback for settling import-payment obligations.
The Bangladesh Taka (BDT) currency lost its value by 90 paisa in the inter-bank foreign exchange (forex) market on Thursday, just after four weeks of a similar fall, according to market operators.
The US currency was quoted at Tk 89.90 each on the day against Tk 89.00 on the previous working day. It was Tk 87.90 on May 29 last.
Earlier on May 30, the local currency depreciated by Tk 1.10 or 1.25 per cent to Tk 89.00 in the inter-bank market from Tk 87.90 of the previous working day.
In the meantime, the local currency lost its value by Tk 4.10 or nearly 5.0 per cent since January 2022. The dollar was traded at Tk 85.80 on January 08 last.
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