The Bangladesh Bank on Wednesday devalued the taka against the US dollar further to tackle the pressure on the foreign exchange market created by rising import payments.
The interbank exchange rate hit Tk86.45 per dollar on Wednesday for the first time, up from Tk86.2 on Tuesday, as per the latest data from the central bank.
Despite the devaluation of the local currency, the central bank sold $4.50 billion to banks in nearly nine months of this fiscal year due to the rising demand.
The local currency is trading at more than Tk 90 per USD in the kerb market.
