Bangladesh Bank purchased $202 million from 13 commercial banks on Tuesday to stabilise the foreign exchange market and bolster remittance and export inflows, according to the central bank.

The move brings total dollar purchases through multiple auctions in the current fiscal year to $2.51 billion.

The transaction was conducted via a Multiple Price Auction, with the exchange rate ranging between Tk122.27 and Tk122.29 per dollar. The cut-off rate was set at Tk122.29.

Bangladesh Bank initiated dollar purchases through the auction process on 13 July as part of efforts to manage liquidity in the forex market. Executive Director and spokesperson Arif Hossain Khan confirmed the transaction.