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The central bank purchased US$353 million more through an auction from 26 banks on the interbank spot market on Monday aiming to keep the exchange rate of the US dollar against the local currency stable.
The amount was bought under the Multiple Price Auction method with a cutoff rate of Tk 121.75 per dollar, according to the central bank officials.
The Bangladesh Bank (BB) has so far bought $1.75 billion since July 13 last under the prevailing free-floating exchange-rate arrangement, they added. "We're intervening in the foreign exchange (forex) market continuously to encourage exporters as well as remitters," a BB senior official Bangladesh Bank (BB) official told The Financial Express (FE) in response to a query.
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