The deficit fell by $2.49 billion to $3.23 billion during the July-October period, according to data from the Bangladesh Bank (BB). The trade deficit narrowed due to the negative import growth, which indicates stagnated economic activities and weak domestic demand. The record foreign exchange reserve is also a reflection of the lower trade deficit and surplus in the current account. The country's foreign exchange reserves stood $41.25 billion on December 1, the largest yet. The net portfolio investment, meant for investment in the capital market, posted a $167 million deficit in July-October from $32 million in the positive.

Source: Dhaka Tribune December 02, 2020 18:56 UTC