The taka is unlikely to depreciate against the US dollar in the near future, thanks to strong performance by wage earners' remittance and exports that would offset the import-driven demand for the greenback, reports UNB.
"The exports recovered to a large extent lately and rose about 16 per cent in the last fiscal, though a little short of the target, while remittance has been robust," a high official of Bangladesh Bank told the news agency Wednesday.
He was hopeful that the exports and remittance would continue to increase in the near future.
However, the official expressed concern over the sorry state of the energy (gas) supply situation and wondered whether the exporters would be able to continue their production. [Read more]
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