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Weak policies also to blame for reserve crunch, food price surge: Economists

Apart from Ukraine war-induced supply chain disruptions and commodity price surges in the global market post-Covid pandemic, the government's weak policies also have been a major contributing factor to the present reserve crisis and food price rallies in Bangladesh, economists have said. Controlling the dollar rate for a long period, followed by a sudden 25% increase, was one

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Rod prices cross Tk 1 lakh per tonne

The price of mild steel (MS) rod has crossed Tk 1 lakh per tonne in Bangladesh as the production costs have surged due to the hike in fuel and energy prices and the higher US dollar rate, industry people said.

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