Following an auction where Bangladesh Bank sold $205 million to banks, the selling rate for the US dollar has decreased to below Tk125. Earlier in the day, the rate had fluctuated between Tk125.30 and Tk125.40. Remittance houses adjusted their rates downward following the central bank's intervention, which has helped alleviate pressure on the exchange rate.
Economy
Dollar rate drops below Tk125 following Bangladesh Bank's $205m sale
The exchange rate for the US dollar fell below Tk125 after Bangladesh Bank sold $205 million to commercial banks.
Source: TBS Bangladesh