Export earnings dropped 6.25 per cent year-on-year to $3.9 billion in September, the first fall in 14 months, as the cost-of-living crisis in the western countries took its toll on Bangladesh's main foreign currency earning sector.
Growers are facing trouble in retting raw jute as a lack of rainfall has reduced the availability of natural waterbodies, affecting the quality of the eco-friendly fibre being produced, according to farmers.
The central bank today depreciated the value of the taka by Tk 0.25 as the demand for the US dollar shows no sign of slowing down, said an official of the Bangladesh Bank.