Dhaka, June 30 -- Bangladesh's foreign currency reserves have climbed above $32 billion, extending a steady recovery driven by robust remittance inflows.

At the close of business on Monday, reserves stood at $32.47 billion under the IMF's BPM6 accounting method, Bangladesh Bank Executive Director Arief Hossain Khan said.

On a gross basis, reserves rose to $37.05 billion.

Bangladesh Bank Director and Assistant Spokesperson Mohammad Shahriar Siddiqui told bdnews24.com, "$667.1 million in loans and grants from the International Development Association (IDA) has been added."

The IDA is a member of the World Bank Group.

Earlier, on Jun 14, reserves crossed the $31 billion mark after Bangladesh received $1 billion in budget support from th...