Remittance inflow rose by 3.5% in November turning back from the sharp fall of 19.42% in October, according to the Bangladesh Bank data released yesterday.
The country received $1.13bn remittance in the last month compared to $1.09bn in the previous month.
The devaluation of local currency against dollar boosted the remittance inflow, said a senior executive of Bangladesh Bank.
The exchange rates of dollar came to the highest Tk78.94 in November from Tk77.80 in October, according to the central bank data.
The remittance inflow was in slower pace over the last several months due to depreciation of foreign currency.
Bangladesh Bank has devalued the local currency to support remitters and exporters, said a senior executive of a private commercial bank.
The total remittance the expatriates sent in November was slightly lower than $1.18bn in the same month of the last year.
The country received $3.93bn remittance in July-September quarter of the fiscal year 2015-16 which was down from $4bn in the same period of the last fiscal year, according to the Bangladesh Bank data.
The amount of remittance received in the first quarter was also slightly down from $4.05bn in the last quarter of FY2014-15.
Fall in migration to middle east was also the reason for slower growth of remittance, said a senior executive of Bangladesh Bank.
