Bangladesh and India today (July 11) launched bilateral trading in Indian rupees (INR) to reduce dependence on the US dollar.

Bangladesh Bank and the Indian High Commission jointly announced the use of rupees in trade officially at an event at Hotel Le Meridien in the capital on Tuesday.

Bangladesh's Sonali and Eastern Bank and India's State Bank of India and ICICI Bank have got permission for transactions in rupees through the central banks of the two countries.

Bangladesh Bank Governor Adbur Rouf Talukder, Senior Commerce Secretary Tapan Kanti Ghosh, Indian High Commissioner in Dhaka Pranay Verma were present at the event.

BDST: 1545 HRS, JULY 11, 2023
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