, July 24 -- Bangladesh Bank has purchased another US $10 million from commercial banks through an auction to boost dollar exchange rate against taka.

On July 23, the central bank made this strategic move aimed to signal an upward trend for the depreciating US dollar in the local market.

A deputy governor of Bangladesh Bank confirmed the dollar purchase through the auction, stating that the cut-off rate for buying dollars from commercial banks on July 23 was set at Tk 121.95.

Dollar rebounds against taka after Bangladesh Bank intervention

Context of dollars purchases:

This latest acquisition follows a series of interventions by the central bank. Previously, after the dollar's value plummeted by nearly Tk 3 within a week, Bangladesh B...