Banks in the country on Sunday re-fixed the rates at which they would buy US dollars from exporters and forex houses that mobilize remittances from migrant workers.
The new rates will come into effect from Monday.
Under the new rates, exporters will get Tk99.50 for each US dollar, up from the previous rate of Tk99.
Banks will pay a maximum of Tk107 instead of Tk107.5 to foreign exchange houses.
The decision was taken at a meeting between the Bangladesh Foreign Exchange Dealers' Association (Bafeda) and the Association of Bankers, Bangladesh at Sonali Bank's head office in the capital.
Md Afzal Karim, chairman of the Bafeda, an organization that implements forex policies, announced the new rate at a media briefing after the meeting.
Importers will continue to buy the greenback based on the weighted average exchange rate plus Tk 1.
The average rate will be decided based on the rates paid to exporters and exchange houses.
On September 10, banks fixed the buying and selling rates of the US dollar in order to contain the volatility in the foreign exchange market resulting from higher imports than export and remittances earnings.
The rates were changed slightly on September 26.
