USD becomes costlier against BDT

Dhaka : The US dollar became costlier on June 28 as the local currency depreciated once again in the inter-bank platform. The exchange rate stood at BDT 93.45 per dollar on June 27 in contrast to BDT 92.95 on June 26. It was BDT 84.82 on June 28, 2021.
In order to prevent a massive fall of the taka, Bangladesh Bank injected USD 42 million into the market on June 28 to help banks settle import bills, said a central bank official.
The central bank supplied a record USD 7.47 billion to the market between July 1 and June 28 this fiscal year. However, the inter-bank exchange rate set by the central bank has been unable to offset the ongoing volatility due to the inadequate supply of the greenback.
The foreign exchange market is facing a shortage of US dollars due to soaring import payments and declining remittance inflows.