Exchange rate

US$ hits Tk 78 in kerb market

The exchange rate of US dollar in the open market, known as kerb market, hit Tk 78.00 Thursday ahead of the upcoming Eid-ul-Fitr.

Forex reserve marks rise

Bangladesh's foreign currency reserve has marked a rise as it stood at US$10832.16 million on August 16, an increase of $450.9 million over $10381.26 million registered on July 31.

Taka fall takes a pause

Payment pressure eases

The continuous depreciation of the taka against the US dollar was halted this week after a rally of six months, bankers said.

Intelligence report detects reasons for Taka devaluation against dollar

An intelligence report has identified large-scale money siphoning, lack of Ad Confirmation in repatriating export earnings, trade deficit and lower amount of foreign aid as some of the major reasons for devaluation of Bangladesh currency against US dollar.

Costlier dollar may add to inflationary pressure

The prices of imported goods including food items, electronic goods and capital machinery are likely to see a significant hike due to the continued rising price of dollar.

Dollar crisis and impacts

When the US dollar is weakening against other currencies around the world, it is getting stronger against the taka due to the demand-supply gaps for dollars.

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