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Dollar gets costlier by Tk 1.0

The taka depreciated further against the US dollar on Monday, more than a month after a similar fall.

The local currency lost its value by Tk 1.0 on the interbank foreign exchange (forex) market on the day.

The US currency was quoted at Tk 96.00 each on the day against Tk 95.00 on the previous working day. It was Tk 94.70 on August 8.

The local currency has shed its value by Tk 10.20 or 11.89 per cent to the aggressive dollar since January 2022 amid what is dubbed a ‘price war’. The dollar traded at Tk 85.80 on January 8 last.

(TFE)

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