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WATCH: Rupee to rescue countries facing foreign currency crunch; over 18 have opened vostro accounts - Vimarsana News

WATCH: Rupee to rescue countries facing foreign currency crunch; over 18 have opened vostro accounts

Published: March 31, 2023

SRVA or Special Rupee vostro account is a new trade mechanism announced by India's central bank -- Reserve Bank of India (RBI) in July last year to settle cross-border trade in Indian rupee

Source: firstpost.com
Related Topics:
Sri LankaUnited KingdomNew ZealandNew DelhiAdditional Secretary Santosh SarangiDirectorate GeneralForeign TradeSantosh SarangiPress TrustSpecial RupeeRupee TradeNew DelhiIndian RupeeRade Settlement In RupeeRupee Trade SettlementUpee International TradeOuntries Trade In InrRade In Indian RupeeRoss Border Trade In RupeeUpee Trade Settlement MechanismRupee Trade MechanismReserve Bank Of IndiaDe DollarisationForeign CurrencyTrade In Rupee
Multiple Banks Open Special Vostro Accounts For Trade In Rupee - Vimarsana News

Multiple Banks Open Special Vostro Accounts For Trade In Rupee

Published: February 16, 2023

"As of now there are 20 banks which have opened a special rupee vostro account," Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said.

Source: ndtv.com
Related Topics:
Sri LankaSunil BarthwalUco BankDepartment Of Financial ServicesForeign TradeSantosh Kumar SarangiFinancial ServicesSecretary Sunil BarthwalKolkata Based UcoVostro AccountSpecial Rupee