Taka Stability Depends On Remittances

The taka should remain stable at around BDT68.50/US$, as it has since early 2007. Resistance exists at BDT67.80/US$, and support at BDT68.90/US$. The prospect of renewed volatility as a result of unexpected political developments can never be ruled out, but in the event, we would expect Bangladesh Bank to step in to stabilise the currency.

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