Dhaka, Feb. 22 -- Bangladesh Bank has purchased a further $123 million from the market as part of its efforts to stabilise the exchange rate.

With the latest intervention, the central bank's total dollar purchases in the current fiscal year have reached $5.385 billion.

The country's financial market regulator said on Sunday it bought $1.448 billion in February alone.

The most recent purchase was made from eight banks at a rate of Tk 122.50 per US dollar, a move that has contributed to a strengthening of the taka against the dollar.

While the Indian rupee has continued to weaken against the US dollar, Bangladesh Bank has been buying dollars regularly from commercial banks to prevent a sharp depreciation of the taka.

Speaking earlier t...