Admin Jun 12,2024

Bangladesh Taka to hit fresh lows on crawling peg, Moody’s says

* Bangladesh's taka is likely to fall deeper into a record-low territory as the central bank loosens its grip on the currency, according to Moody's Ratings. *It will probably weaken another 2% to about 120 per dollar by the end of the year, said Young Kim, an analyst at the rating firm in Singapore. The currency has hit a series of record lows in recent days. Source: The Business Standard