Dhaka, April 28 -- The exchange rate of the US dollar against the Bangladeshi Taka has remained stable in the interbank foreign exchange market, according to the latest data from Bangladesh Bank.

As of April 27, the exchange rate was fixed at Tk 122.75 per dollar. Amid the pressure on foreign exchange and IMF congratulations on the market based exchange rate, the domestic currency Taka is stable so far after the national election in February.

The central bank stated that the rate is determined based on market demand and supply within the interbank sector. During the day's trading, both the bid (buy) and ask (sell) rates stood at Tk 122.75. The Weighted Average Rate (WAR) also maintained the same level, signaling a period of relative sta...