Bangladesh's forex reserves dip slightly

DHAKA, Aug. 4 (Xinhua) -- Bangladesh's foreign exchange reserves dipped slightly to 32.13 billion U.S. dollars as of end of July, central bank data showed on Sunday.

According to the bank, the country's foreign exchange reserves stood at 32,127.24 million U.S. dollars in July, compared with 32,536.86 million U.S. dollars in June.

For a growing economy like Bangladesh, forex reserves equivalent to six months' import bills are considered adequate.

With the existing reserves, Bangladesh Bank officials said Bangladesh is still in a position to pay about seven months' import bills.

Bangladesh's foreign exchange reserves crossed the 33-billion-U.S. dollar mark in June 2017.