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Bangladesh-India: Rupee trade added to dollars

According to reports, there is a new arrangement that allows the use of Indian Rupees to cover import costs that are in line with Rupee-denominated export earnings. The necessary preparations for this arrangement have been completed. 

However, it should be noted that officials have made it clear that banks and businessmen are not allowed to purchase Indian Rupees using US dollars or any other foreign currencies for import payments. 

In addition to the existing US dollar transactions, this initiative introduces the use of INR for trade purposes. 

 

 
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