Interbank dollar exchange rate further rises to Tk 95

The interbank dollar exchange rate rose further to Tk 95 as the Bangladeshi currency was devalued more by 30 paisa on Monday.

Earlier on July 25, the interbank exchange rate stood at Tk 94.70 per dollar.

Confirming the fresh devaluation, Bangladesh Bank officials said the central bank injected $139 million to the money market on Monday to meet the increased demand for the American greenback.

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According to the BB data, the central bank injected a record $7.62 billion from its reserves into the country’s banking industry in the last fiscal year.

Besides, the Bangladesh Bank pumped more than $1 billion into banks in July alone to cool down the foreign exchange market.