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A delegation of India's central bank - Reserve Bank of India (RBI) - and SBI visited Bangladesh's capital Dhaka in April to discuss and finalise settling trade in INR and taka
After the West imposed sanctions on Russia, Bangladesh was looking out for ways to settle $110 million for the Rooppur power plant which is under construction in the South Asian country
Several countries have now given up settling cross-border trade in US dollar and are using their local currencies
Brazilian President Lula lend his voice to China's efforts to shed the dollar's dominance and promote the use of the renminbi (RMB)/ yuan in overseas trade settlement
Roubini also said, 'India and a few other emerging markets might be a good place to invest, both fixed income and equities'