Committed to PEOPLE'S RIGHT TO KNOW
Vol. 4 Num 206 Wed. December 24, 2003  
   
Business


Dollar hits new record against taka


The US dollar continued to gain against the Bangladesh taka in inter-bank trade yesterday and hit another record high on strong dollar-buying by importers ahead of series of holidays both in domestic and international foreign exchange markets.

Dealers said the dollar yesterday shot up further to its another record high at 58.72 taka from its earlier high at 58.60 taka on Monday and 58.5300 taka on Sunday due to strong dollar buying pressure from importers who are under pressure to pay their bills this month.

In most deals, the dollar, however, traded between 58.5050 taka and 58.6550 taka yesterday compared to its previous range between 58.4800 taka and 58.5950 taka on Monday, dealers of leading commercial banks said.

"We experienced robust demand for the US currency Tuesday even though sentiment is still clearly dollar-negative in international markets" dealer of a leading commercial bank said.

"As most international markets will remain closed for some days from tomorrow dealers Tuesday thronged to the market and bought dollar", he said.