 "India and Bangladesh")
India’s Adani Group last week started selling electricity to Bangladesh, which allowed bilateral trade to be settled in Indian rupee. Bangladesh has scant foreign exchange ($29.9 billion, end of May 2023) and India needs more partners for rupee trade, prompting them to step up trade ties at a rapid clip.
Gautam Adani, chairman of the Adani Group, posed for a photograph with Bangladesh Prime Minister Sheikh Hasina last week, after switching on power supply from his coal-fired plant in Jharkhand state of India. Abdur Rouf Talukder, governor of Bangladesh’s central bank, said he expects to launch a taka-rupee denominated dual-currency
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