Bangladesh Central Bank Seeks to Calm FX Fears as Taka Hits Record Low

Bangladesh’s central bank sought to reassure investors that the nation’s foreign-exchange market remains stable and the taka faces no immediate risk of depreciation, even as the currency slid to a fresh low against the dollar.

“Supply and demand of foreign currency are currently balanced” and “confidence and order exists in the market,” the central bank said in a statement late Tuesday night.