Search For "vostro accounts"
India, Russia continue to work together to promote mutual trade in nationa
Updated : 5 months, 3 weeks ago IST
India and Russia are actively working "to promote mutual trade" using their national currencies, Foreign Secretary Vikram Misri said, highlighting efforts to address trade imbalances and strengthen economic ties.
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RBI allows investment of surplus rupee balances in special vostro accounts
Updated : 9 months, 2 weeks ago IST
The Reserve Bank of India (RBI) has permitted persons resident outside India holding Special Rupee Vostro Accounts (SRVAs) to invest their surplus rupee balances in central government securities, including treasury bills
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RBI eases norms for trade in Indian rupee, removes approval requirement fo
Updated : 9 months, 3 weeks ago IST
In a significant move aimed at further facilitating trade in Indian Rupees, the Reserve Bank of India (RBI) has simplified the procedure for opening Special Rupee Vostro Accounts (SRVAs).
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De-dollarisation not on agenda, only agreements for Vostro accounts with c
Updated : 1 year, 5 months ago IST
Responding to questions during the post-monetary policy press conference, the central bank governor said all that RBI has done is permit the opening of Vostro accounts to countries who wish to trade in local currency. This was a part of the de-risking of trade.
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India exploring trade in local currencies with Tanzania
Updated : 2 years, 7 months ago IST
India is exploring trade in local currencies with Tanzania, said Dammu Ravi, Secretary (Economic Relations) in the Ministry of External Affairs said on Monday, at a presser.
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India-Saudi start discussions on trading in national currencies: MEA
Updated : 2 years, 8 months ago IST
In recent times, India has taken substantial steps to promote the usage of its national currency, the Indian rupee, in international transactions. Collaborating with banks from 22 different countries, India has established special rupee vostro accounts in domestic banks, facilitating trading
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Rupee goes international - Journey of Indian currency since 1947
Updated : 2 years, 9 months ago IST
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.
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Rupee goes international - Journey of Indian currency since 1947
Updated : 2 years, 9 months ago IST
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.
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22 countries opened special bank accounts in India to trade in Rupee: Mini
Updated : 2 years, 10 months ago IST
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed on Friday.
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ICICI Bank offers strong network of Rupee Vostro Accounts
Updated : 3 years, 1 month ago IST
This initiative is in line with India's Foreign Trade Policy 2023 and RBI's framework for invoicing, payment, and settlement of exports/imports in INR, in addition to US Dollar, Euro and other currencies, according to a statement from ICICI Bank.
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Foreign Trade policy 2023 will make exporters more competitive: DGFT
Updated : 3 years, 1 month ago IST
The Foreign Trade policy (FTP) 2023, which was released on Friday will make exporters more competitive, said Santosh Sarangi, Director General of Foreign Trade (DGFT).
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SBI not a nodal bank for rupee trade with Russia, but just processing bank
Updated : 3 years, 8 months ago IST
New Delhi [India], September 16 (ANI): Banking major State Bank of India has clarified it is just making necessary arrangements and processing requests that were received from various banks, including Russian banks, for settlement of trade in rupees with proper RBI guidelines and other polic
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