Bangladesh, June 30 -- Bangladesh's gross foreign exchange reserves have risen above $37 billion for the first time in nearly four years, supported by strong remittance inflows and sustained dollar purchases by the Bangladesh Bank amid improving conditions in the foreign exchange market.

According to the latest data from Bangladesh Bank, the country's foreign exchange reserves stood at $37.053 billion as per the central bank's own (gross) account at the end of the day on Monday.

The amount of reserves under the International Monetary Fund's (IMF) BPM-6 calculation method stood at $32.480 billion.

Furthermore, the government expects the country's gross foreign currency reserves to hit a record $51.4 billion by the end of next fiscal ye...