Special vostro funds exiting G-Secs not to cause a storm https://ift.tt/P4I0WjY July 2022, the RBI had put in place an additional arrangement for the invoicing, payment, and settlement of exports and imports in rupees. The settlement of trade transactions with other countries would require Indian banks to open Special Rupee Vostro accounts of correspondent banks of the partner countries.
Thursday, August 10, 2023
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