Bangladesh and India have initiated trade settlements in Indian Rupees, aiming to reduce dependency on the dollar, minimise transactional costs, and save time. The launch of Rupee-based trading took place at a ceremony held at Le Méridien Hotel in Dhaka, jointly organised by the Bangladesh Bank and the High Commission of India recently.
The programme was attended by Bangladesh Bank Governor Abdur Rouf Talukder as the chief guest. Governor Talukder acknowledged the remarkable growth in bilateral trade between India and Bangladesh, with both countries benefiting from their economic cooperation even as he highlighted that Bangladesh currently exports goods worth approximately US $ 2 billion to India, while its imports from India amount to nearly US $ 14 billion annually.
The event was attended by Senior Commerce Secretary Tapan Kanti Ghosh, Indian High Commissioner in Dhaka Pranay Verma, and President of the Federation of Bangladesh Chambers of Commerce and Industry, Jashim Uddin, among others.
