Dollar rate unlikely to rise further

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Business Desk :
Finance Minister AHM Mustafa Kamal today said that dollar is not likely to appreciate much even though prices in the market fluctuate. The minister made the remark while talking to reporters after a virtual meeting of the cabinet committee on public procurement on Wednesday. “As a country, we import more compared to export. Therefore, when we buy something from the international market we resort to trade finance for the adjustment of dollar rates accordingly,” he said adding that such financing creates a difference between the kerb market and the local bank rate, reports UNB.

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