Remittance rises 21% in October

Remittances sent home by Bangladeshis living abroad rose 21.31 percent year-on-year to $2.39 billion in October.

However, October's inflow is 0.41 percent lower than September's.

During the July to October period of this fiscal year, remittance earning stood at $8.93 billion, up from $6.87 billion at the same period of last fiscal year, central bank data showed.

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Rising remittance provides a breather amid forex crisis

Industry insiders said the upward trend of remittance inflow will create a breathing space and reduce pressure on foreign exchange reserves.

Since April of this year, Bangladeshi expatriates sent remittances above $2 billion in every month except July.

Remittance inflow slumped in July as expatriates were unable to send funds in the middle of the month as the Sheikh Hasina-led government imposed an internet blackout to quell protests centring demands for quota reform in government jobs.