Another point is that the Bangladeshi taka is devalued at the moment, but this has not always been the case. India has no problem with its reserves. This is enough to meet import expenses for 12 months. The International Monetary Fund (IMF) itself is skeptical whether it will actually be possible for Bangladesh to ensure […]
exposure to risk According to experts, the rupee is not recognized as a global currency. Also, there is a risk of ending up in a unilateral currency or rupee based exchange structure. And Bangladesh is facing a huge trade deficit with India. Therefore, Bangladesh may be at risk in doing one-way transactions in rupees. Because […]
The Indian rupee declined against the American currency on Thursday and forward premium touched this month’s highest on dollar recovery against its major peers and weak Asian cues. Rupee INR = traded at 82.76 against the dollar, down from 82.46 in the previous session. According to traders, dollar selling by a large foreign bank had […]
