The Bangladesh Bank has devaluated taka by Tk 0.80 against US dollar — the highest devaluation of taka in a day.
After the devaluation, the inter-bank exchange rate stood at Tk 87.50 per dollar on Monday, up from Tk 86.70 on Sunday.
Md Serajul Islam, BB spokesperson and executive director, said the central bank devalued the taka again to stabilize the market because demand for greenbacks has increased in the domestic market.
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Besides, the central bank also sold around $5.1 billion to the banking sector as of Monday to meet the growing demand.
Earlier on May 10, the Bangladeshi currency was devalued by Tk 0.25 while the exchange rate stood at Tk 86.70 per dollar.
On April 27, the interbank exchange rate hit Tk 86.45 per dollar, up from Tk 86.20 on March 23. In January, the exchange rate stood at Tk 86 per dollar.
