FROM PAGE B1

The interbank exchange rate has been hovering at Tk 122.75 per US dollar for the past one and a half months.

Yesterday, banks were buying US dollars at Tk 122.75 per dollar and selling them at Tk 123.50 per dollar.

To keep the forex market stable, the banking regulator has also continued buying US dollars from the market. Yesterday, it purchased $85 million from six commercial banks at a cut-off rate of Tk 122.75.

As a result, total purchases in the current fiscal year have surpassed $6 billion, according to BB data.

Meanwhile, the treasury heads argued that the forex market has not yet become fully market based.

“The BB still intervenes at times in determining the exchange rate. Even during dollar purchases through auctions, the central bank provides instructions,” said one official.

BB Deputy Governor Md Habibur Rahman, Executive Director Sarwar Hossain, Director of the Foreign Exchange Policy Department Md Bayezid Sarker, and other officials of the department were also present at the meeting.