Dhaka, Jan. 13 -- The central bank purchased an additional US$81 million through an auction from 10 banks in the interbank spot market on Monday, aiming to keep the exchange rate of the US dollar against the taka stable.

The amount was bought under the Multiple Price Auction method, with a cut-off rate of Tk 122.30 per dollar, according to central bank officials.

Bangladesh Bank's (BB) latest intervention in the foreign exchange (forex) market comes amid a strong inflow of remittances during the first 11 days of the current month.

"We are purchasing US dollars directly from banks to offset the higher inflow of remittances ahead of the upcoming national polls and the holy month of Ramadan," a senior central banker told The Financial Exp...