Stay updated with breaking news from Dollar Rate. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bangladesh should cut its over-reliance on the US dollar and increase the use of other currencies such as the Chinese renminbi (RMB) in international trade to ease pressure in the foreign currency market, businesses said.
The US dollar is currently one of the most talked about issues.
The rupee on Wednesday had slumped by 62 paise to close at 79.15, marking its worst single-day fall in the current fiscal year.
Rupee appreciated 30 paise to 79.39 against the US dollar in opening trade on Friday, buoyed by fresh foreign fund inflows into capital markets and a firm trend in the domestic equities.
Rupee, on Wednesday, for the first time settled below the 80-level against the US currency due to strong dollar demand from importers and fiscal slippage concerns.