Dhaka, May 15 -- Country's forex market did not witness any unbecoming development on Thursday following the introduction of market-based Taka- Dollar exchange rate, as the regulator watched with adequate intervention bucks, officials and market players said.

It gives a sign of stability on the foreign-exchange market mainly because of higher supply but lower demand amid persisting economic sluggishness, according to analysts.

Amid tight vigilance by the central bank against unusual tantrums on part of any quarter, treasury heads of the country's commercial banks held a virtual meeting early Thursday where they discussed ways of keeping the rate in-between Tk 121 and Tk 122 per dollar.

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