Forex
Bangladesh's Stock Market Suffers as Foreign Investors Exit Amid Currency Risks
Foreign investors are pulling out of Bangladesh's stock market due to concerns over regulatory uncertainty, weak corporate earnings, and banking sector issues.
The depreciation of the Bangladeshi taka against major currencies, including the euro, is adding to currency risks and reducing confidence in the taka.
As a result, the EUR/BDT (Euro vs Bangladeshi Taka) pair is trading below its key moving averages, indicating continued selling pressure.
The current price of EUR/BDT is BDT 141.545, down by 0.38% from the previous day's close.