Dhaka, March 10 -- After months of a regulated stability, Bangladesh's foreign-exchange market suddenly starts heating up with exchange rate recording nearly a 30-paisa rise in a day, sources say.

Officials and bankers cite the Mideast war as the major hiker, as the big firepower triangular clashes over Iran issues sends out meltdown on trade and remittance.

They said the taka-greenback exchange rates had risen on the market for the last couple of days but the major hike was observed Monday when the rate reached Tk 122.80 a dollar from Tk 122.55 a day before, according to the market players.

The abrupt rise has also largely impacted the reference rate of the Bangladesh Bank (BB) as it shot up to Tk 122.55 a dollar at 5.00pm on Monday f...