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Trade in Indian rupee
July 16 , 2023
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- Bangladesh and India launched a much-anticipated trade transaction in rupees.
- This move is aimed at reducing dependence on the US dollar and strengthening regional currency and trade.
- This is the first time Bangladesh has done bilateral trade with a foreign country in addition to the US dollar.
- The exports from Bangladesh to India amounts to USD 2 billion.
- Bangladesh's imports from Dhaka to India are worth USD 13.69 billion.
- Earlier India and Malaysia have agreed to settle trade in the Indian rupees.
- India-Malaysia bilateral trade touched $19.4 billion during 2021-22.
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