Dhaka, April 20 -- Bangladesh Bank (BB) purchased an additional US$60 million from commercial banks on Monday as part of its ongoing efforts to strengthen the country's foreign exchange reserves.

The dollars were acquired through an auction at a rate of Tk 122.75 per dollar.

With this latest purchase, the country's gross foreign exchange reserves have risen to $30.36 billion, according to the latest data from the central bank.

This move follows a similar trend from last week, where the central bank bought a total of $120 million over two days at the same exchange rate. Officials state that these consistent dollar purchases serve a dual purpose: increasing the national buffer of foreign currency and injecting money into the banking syst...