Dhaka, Bangladesh, June 24 -- Bangladesh received nearly US$ 650 million in the first two weeks of June after celebrating of the Eid-ul-Fitr festival, officials said.

The inflow of remittance may fall this month. But it will pick up again in July, according to banking sector insiders.

The overall flow of inward may cross $16 billion by the end of this fiscal, a senior central banker predicted.

He also said the flow of inward remittance showed an upward trend in recent months due to the depreciation of the local currency against the US currency.

The Bangladesh Taka (BDT) depreciated by 60 poisha against the greenback in the inter-bank forex market from January 03 to May 06.

The greenback was quoted at BDT 84.50 each in the market on M...