Bangladesh Taka falls against US dollar, commodities turn costlier

Bangladesh Taka (BDT) has depreciated by 50 poisha against the US dollar during the past one month, making imports costlier and heating up the commodity market. Economists and businesses said depreciation of taka coupled with soaring prices of some essential commodities in the international market has hit the consumers hard. However, they say, exporters and remitters are gaining from the loss of value of the taka and the rise of the dollar. Sources said higher demand for the greenback for settling the import- payment obligations and lower inflow of the greenback mainly made the forex-market a bit overheated.