Dhaka, Sept. 3 -- Bangladesh Bank has bought a total of $995 million from commercial banks over the past one and a half months through eight dollar auctions, as part of its efforts to stabilise the exchange rate and support remittance and export flows.

Bangladesh Bank has purchased $47.5 million from eight commercial banks through a multiple price auction, reinforcing its intervention in the foreign exchange market to stabilise the taka and support remittance and export inflows.

The auction was held on Tuesday, when the central bank bought the greenback at rates ranging between Tk121.70 and Tk121.75, with the cut-off set at Tk121.75, said Bangladesh Bank Executive Director and spokesperson Arief Hossain Khan.

With this, the central ban...