Dhaka, Feb. 19 -- The central bank purchased US$109 million more through auction from eight banks in the interbank spot market on Wednesday 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 and the cutoff rate was Tk 122.30 per dollar, according to the central bank officials.

The Bangladesh Bank's (BB) latest intervention in the foreign exchange (forex) market came amid a stronger inflow of inward remittances during the first 17 days of the current month.

The flow of inward remittances grew by nearly 25 per cent to $1.97 billion during February 01-17 this calendar year, up from $1.58 billion in the same period of last year.

The central ban...