Bangladeshi taka dips on oil import payments

09 Mar, 2004

The Bangladeshi taka eased on Monday due to demand for dollars to cover imports of edible oil, dealers said.
The taka was quoted at 58.95/59.25 per dollar against 58.90/59.25 per dollar on Sunday, a work-day in Bangladesh.
"The taka eased as there was limited supply of the greenback," one dealer with a private bank said.
One dominant public bank sold a limited amount of dollars as it has been hoarding the US currency to make a government import payment.
Call money rates ranged between 3.0 percent and 6.0 percent against 2.5-5.0 percent on Sunday.

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