Business Desk :
Taka is continuously depreciating against the American greenback, thanks to the growing import payments, though creating a burden on importers but boosting exports and remittance earnings.
The inter-bank exchange rate stood at Tk92.85 per dollar on Thursday, up from Tk92.80 on Wednesday. This is the 15th depreciation of the local currency this year.
A high official of the central bank confirmed the issue to the Business Post.
However, the central bank allowed the dollar free float but unofficially, it intervene in the forex market by setting the inter-bank exchange rate.
To cool down the forex market, the BB is selling USD every day to banks. On Thursday, the central bank sold $28 million to banks at the rate of Tk92.85 per dollar, which is the official inter-bank exchange rate.
From August to June 16 of this fiscal year, the central bank injected over $7 billion into the banking sector, which is the highest in the country’s history.
