In a continued effort to stabilise the volatile foreign exchange market, Bangladesh Bank (BB) on Tuesday purchased another US$38 million from six commercial banks through auctions, reinforcing the taka's position against the dollar.
With the latest intervention, the central bank's total dollar purchases reached nearly $2.13 billion since July 13, under the country's prevailing free-floating exchange rate regime.
Bankers and analysts say the move is helping to anchor the exchange rate while simultaneously rebuilding foreign exchange reserves.
Bangladesh Bank's dollar-buying spree has also injected more than Tk 259 billion into the banking system, easing liquidity pressures and enabling commercial banks to meet local currency obligations, according to central bank sources.
An official at the central bank, requesting anonymity, said Tuesday's purchase was made under the Multiple Price Auction method, with a cut-off rate of Tk 121.80 per US dollar.
The official noted that interbank foreign exchange trading has slowed in recent weeks as dollar demand weakened amid improved supply conditions.
According to BB data, the country's gross foreign exchange reserves rose to over $32 billion as of October 14, 2025, up from $31.43 billion in September and $31.17 billion at the end of July.
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