The local currency further depreciated significantly against the US dollar on Monday (June 13), mainly due to higher demand for the greenback for settling import-payment obligations.

The Bangladesh Taka (BDT) lost its value by 50 paisa in the inter-bank foreign exchange (forex) market on the day.

The US currency was quoted at Tk 92.50 each on the day against Tk 92.00 on the previous working day.

Bangladesh Bank (BB) Executive Director and Spokesperson Sirajul Islam confirmed the matter.