RBI permits banks to open vostro accounts from 22 countries for trade in rupee

Credit: IndiaTimes- Published on July 26, 2023
The Reserve Bank has permitted 20 banks operating in the country to open 92 Special Rupee Vostro Accounts (SRVAs) of partner banks from 22 countries as part of efforts to promote bilateral trade in local currencies, the government said on Wednesday.In a written reply to Lok Sabha, Minister of State for Commerce and Industry Som...

Video credit: Rumble
Published on July 26, 2023 -
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