If holdings of foreign exchange reserves rise persistently

Banks are holding an increased amount of foreign exchange, bolstered by falling imports and higher export proceeds, said bankers.

At the end of November, gross foreign exchange held by commercial banks stood at $5.97 billion, up 27 percent from $4.7 billion a year ago. The amount of outstanding foreign exchange holdings was also marginally higher compared to October this year, according to data from Bangladesh Bank (BB)