Dollar holding in banks drops for 4th straight month
The foreign currency reserves held by Bangladesh鈥檚 commercial banks have declined for the fourth consecutive month in May, driven by a severe shortage of...
Tags : reserve
Checking inflation biggest challenge in FY25: EAB
The Exporters Association of Bangladesh on Tuesday said that controlling inflation would be the biggest challenge in the upcoming financial year as foreign currency reserve of the country had depleted...
India central bank holds rates as inflation risks linger
India鈥檚 central bank kept interest rates unchanged for the eighth time in a row on Friday, as inflation risks continue to linger in the world鈥檚 fifth-largest聽economy.聽...
Global stocks retreat, Mumbai tumbles 7pc
Stock markets fell Tuesday as investors worried that headwinds are gathering for the US聽economy, outweighing hopes that recent weak data would prompt the Federal Reserve to start cutting interest rates...
CID to submit charge sheet within 2 months
Additional inspector general of police of Criminal Investigation Department Mohammad Ali Mia on Sunday said that CID would submit the charge sheet of the Bangladesh Bank reserve heist after...
Capacity for meeting foreign debt obligations falling
The foreign exchange reserve to foreign debt ratio dropped substantially in the past couple of years, indicating that the country has a smaller cushion of...
Govt mustn鈥檛 walk back austerity steps amidst economic decline
THE government鈥檚 plan to walk back austerity measures, even if partly, in the national budget for the 2025 financial year only because the measures that have been in place have failed to produce result appears impractical. Such a proposition of reversal would...
Global stocks diverge as US rate cut hopes diminish
Wall Street swung higher but European stocks fell on Friday as investors fret over data suggesting the US Federal Reserve could keep interest rates higher for longer...
Forex holding by banks hits 14-month low
The volume of foreign currencies held by the country鈥檚 commercial banks hit a 14-month low in April due to increased demand, driven by a severe shortage of dollars...
High inflation reduces forex reserves: BBTA study
High inflation reduces foreign exchange reserves, as more reserves are necessary to stabilise the foreign exchange market and cool down inflation, according to a research paper by officials of the Bangladesh Bank...
Bangladesh Bank refutes Indian newspaper鈥檚 claim of new forex reserve heist
Bangladesh Bank rejected claims of a new heist of foreign exchange reserves reported by an Indian newspaper.
Bangladesh's net forex reserve plunges to $13.8b
The net foreign exchange reserves in Bangladesh, as per International Monetary Fund guidelines, fell to $13.76 billion, with the gross reserves dropping to $18.26 billion on May 12, marking a 10-year low, according to Bangladesh Bank data...
Putting climate first could cause 鈥榤isallocation鈥� of resources: US Fed
The Federal Reserve should stick to its current mandate and avoid the 鈥榬egulatory distraction鈥� of tackling climate risk, a senior official at the US central bank said Friday...
IMF to make聽concession聽once again
The Bangladesh Bank is likely to get concession in maintaining the net international reserve once again under the current $4.7 billion loan programme with the...
Two CRPF men killed in Manipur blast
Two personnel of India鈥檚 Central Reserve Police Force were killed and two others injured in Manipur鈥檚 Bishnupur district following a blast at the paramilitary force鈥檚 outpost, the police informed, reports The Indian Express....
London stocks hit new record peak on takeovers
London鈥檚 stock market fired its way to another record peak on Friday, with investors gripped by a series of eye-catching takeovers this week for listed UK companies...
BB sells $11.67b to banks in 10 months
The Bangladesh Bank sold $11.67 billion from its foreign exchange reserves to banks in less than 10 months amid a severe dollar crisis faced by the country鈥檚 banks...
Govt hopeful of IMF tranche despite lower forex reserves
An International Monetary Fund mission will arrive in the capital next week to review targets, including the underachieved forex reserves, regarding its $4.7 billion loan programme...
Caught in a quagmire
EVEN in the post-Covid period, the Bangladeshi economy was going to take a turn-around, with macroeconomic indicators posting positive signals. However, the Russia-Ukraine war began to cast a gloom by disrupting...
Bangladesh's gross forex reserve dips to $19.89b
The gross foreign exchange reserves in Bangladesh, according to the International Monetary Fund guidelines, dropped to $19.89 billion again on Wednesday.