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The central bank purchased US$265 million more through auction from 17 banks in the interbank spot market on Tuesday aiming to keep the exchange rate of the US dollar against the local currency stable.
The $265 million were bought on the day under the Multiple Price Auction method and the cutoff was Tk 121.75 per American greenback, according to the Bangladesh Bank (BB) officials.
The central bank has so far bought $1.39 billion since July 13 last under the prevailing free-floating exchange rate arrangement, they added.
"Our intervention in the foreign exchange (forex) market will continue until the exchange rate of the US dollar against the local currency reaches a desired level," a senior Bangladesh Bank (BB) official told The Financial Express (FE) in response to a query.
He also said such punching of the US greenback from the market is helping to improve the country's foreign exchange reserves situation.
The country's gross forex reserves rose to $30.66 billion on Tuesday from $30.31 billion on Sunday as per traditional calculation of the central bank.
As per the International Monetary Fund (IMF)'s Balance of Payments International Investment Poisson Manual-six edition, generally known as BMP6, the forex reserves stood at $25.75 billion during the period under review from $26.40 billion, according to the central bank's latest data, released on the day.
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