28/07/2023
For rupee trade, the RBI allows banks to open vostro accounts in 22 different countries
By allowing banks to open Vostro accounts from 22 countries, the Reserve Bank of India (RBI) has made a significant effort to improve the reputation of the Indian Rupee abroad By allowing 20 Indian banks to open 92 Special Rupee Vostro Accounts (SRVAs) with partner banks from 22 countries, the RBI h...