BB buys $171m through dollar auction
BB buys $171m through dollar auction

Bangladesh Bank (BB) purchased US$171 million from 16 commercial banks on Tuesday through multiple auction methods as part of its ongoing strategy to curb the depreciation of the US dollar against the taka and revitalise the remittance and export sectors, reports BSS. According to central bank...

US stocks rise as gold hits record, dollar weakens
US stocks rise as gold hits record, dollar weakens

U.S. stock markets edged higher on Monday, even as other asset classes saw sharper moves, highlighted by gold prices surging to a fresh record, reports AP. The SP 500 gained 0.5%, recovering from losses recorded last week. The Dow Jones Industrial Average rose 313 points, or 0.6%, while the...

Asian equities edge up, dollar slides as US Federal Reserve subpoenaed
Asian equities edge up, dollar slides as US Federal Reserve subpoenaed

Asian equities posted modest gains on Monday while the US dollar slipped, as investors digested news that the US Justice Department has subpoenaed the Federal Reserve, fuelling concerns over the independence of the central bank. Federal Reserve Chair Jerome Powell confirmed the unprecedented...

Remittances surge to $2.93bn in December, FY inflows hit $15.97bn
Remittances surge to $2.93bn in December, FY inflows hit $15.97bn

The upward trend in remittances sent by expatriate Bangladeshis continued in December, with the country receiving more than US$2.93 billion during the first 28 days of the month, according to Bangladesh Bank, reports UNB. The December inflow marked a 21.3 percent increase compared to the same...

Dollar shortage in Pakistan persists as exchange counters run dry
Dollar shortage in Pakistan persists as exchange counters run dry

Despite repeated efforts by authorities, a severe shortage of US dollars continues to grip Pakistans open market, with many currency exchange outlets now only selling what they buy. The situation has caused growing anxiety among travellers planning trips during the holiday season or early next...

Rupee hits record low at 90.43 against US dollar: Implications for economy
Rupee hits record low at 90.43 against US dollar: Implications for economy

The Indian rupee continued its slide against the US dollar on Thursday, hitting a record low of 90.43 in early trade. The currency crossed the psychologically significant 90 mark on Wednesday, reaching an intraday low of 90.29 before closing at 90.19. According to an analysis by the State Bank...

Bangladesh sees 24.5% growth in remittance inflow this month
Bangladesh sees 24.5% growth in remittance inflow this month

Bangladesh has seen a significant 24.5% year-on-year growth in remittance inflow, with expatriates sending a total of US$2,135 million during the first 22 days of November 2025, according to the latest data from Bangladesh Bank (BB). In the same period last year, remittances amounted to $1,715...