Bangladesh, July 20 -- The local currency, BDT, continued to weaken against the US dollar over the past month amid stronger import payment pressure and softer remittance inflows.

According to the Bangladesh Bank (BB) data, the weighted average interbank exchange rate again rose to Tk 123.58 per US dollar on Sunday from Tk 122.75 a month back. The highest deal was recorded at Tk 123.60 on the day.

The central bank's reference exchange rate, calculated as the weighted average of interbank and customer transactions of at least US$100,000, also increased to Tk 123.50 from Tk 122.94 over the same period.

However, the depreciation of local currency has significant impacts on the importers as they had to pay additional money to open import L...