The US dollar was sold at Tk 108 in the country’s open market on Sunday (July 31).
Several money changers in Dhaka’s Paltan, Motijheel and Baitul Mukarram areas said that they have been buying dollars at the rate of Tk 106-107 since morning.
Earlier, the dollar rose to Rs 110 in the open market on Thursday.
imports. Even selling dollars from the reserve is not pulling the reins. Bangladesh Bank is constantly increasing the dollar price to control the unstable dollar market.
As the demand for dollar is high, the price is gradually increasing. Also, they are constantly selling dollars from the reserve. Because of this, the price of the dollar has also increased in the open market. As the supply is less than the country’s demand, the price of the dollar is rising in the open market as well as in interbank transactions.
Last May, the dollar price hit 104 rupees amid ongoing global tensions after the Russia-Ukraine war. Last July 21, the dollar was sold at the rate of 102 taka 50 paise. Later on last July 24 and 25 it increased to Tk 105 and Tk 107 respectively.