@Hujaifa 19 November 2021 more from that month

Taka to weaken against dollar: Fitch Bangladeshi currency taka will face more depreciatory pressures against the US dollar mainly due to imported inflation, according to a report released by Fitch solutions. If forecasted that the exchange rate stand at Tk 85 per dollar this year and Tk 86.50 next year. The local currency will go on to stand at Tk 87 in 2023. The Fitch solutions and Country Risk and Industry Research released the prediction on November 17. Eid earlier forecasted that the exchange would be at Tk 84.75 per dollar this year and Tk 85 next year. Bangladesh Bank data showed that the inter-bank exchange rate stood at Tk 85.80 compared to Tk 84.80 a year ago. Since the last update of Fitch Solutions in August, the taka has depreciated 1.1 per cent againest the dollar, taking the year to data exchange rate average to Tk 84.93 8 dollar, it said.