Dhaka, Bangladesh (BBN)- The central bank has purchased $6.0 million more from a leading private commercial bank (PCB) to keep the inter-bank foreign exchange market stable, officials said.
“The central bank purchased the US dollars from the bank at market rate on Monday aiming to keep the exchange rate of the Bangladesh Taka (BDT) against the greenback stable,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka.
The US dollar was quoted at BDT 80.2500– BDT 80.3600 in the inter-bank foreign exchange market on the day against BDT 80.4500- BDT 80.5000 of the previous working day, market operators said.
The BB official also said the central bank similarly purchased $12 million on Thursday from three PCBs on the same ground. “We may continue such intervention in line with the market requirement.”
A total of $1.685 billion has been bought from the commercial banks, so far, in the current fiscal year (FY 2012-13) as part of the central bank’s intervention in the market, they added.
BBN/SSR/AD-18Dec12-12:26 pm (BST)