Dollar price jumps to Tk 102 at open market

Taka has witnessed a sharp fall in the open market as its value against the US dollar declined by Tk 4 to Tk 102.

The market is also suffering from a shortage in the supply of greenback.

Each dollar changed hands for Tk 98 at the open market on Monday. 

But, the selling price rose to Tk 102 within a few hours on Tuesday.

Money exchanges in Paltan and Gulshan areas were seen selling each dollar at Tk 101 to Tk 102 on Tuesday.

In the face of huge demand and apparent economic crisis, Bangladesh Bank depreciated taka against the US dollar to Tk 87.50 on Monday.